April 2, 2025 3:15 am
Full News

World Bank Fears For Bangladesh’s Economy

Bangladesh has been suffering from financial crisis for after Sheikh Hasina fall off power. Recent political instability in the country has intensified the crisis. According to a report, to create opportunities for the economy to turn around through comprehensive reforms in the revenue collection system, diversifying export products, implementing proper social safety net programs, increasing investment in infrastructure development and creating jobs is in threat.

World Bank Senior Vice President Indermit Gill said Bangladesh’s economy is in a critical state. He advised government policymakers to take immediate action so that the economy can recover momentum. According to him, the Bangladesh government to take some initiatives to control inflation and increase revenue. However, more urgent action is needed to tackle the crisis.

According to the report, the main sector of Bangladesh’s foreign trade is the readymade garment industry. But in Europe and North America, the economic slowdown has reduced demand for garments, raising the risk of a decline in export earnings.

After the fall of the Hasina government in the wake of the conspiracy, Bangladesh has virtually reached a failed state. Bangladesh’s economy, which has been pushed as a buffer state, is going to be crippled again. But during the Hasina government, Bangladesh became one of the strongest economic zones in the world. In terms of economic indicators, Bangladesh’s declining economy is constantly taking the country’s future into a dark chapter.

In October, the IMF said in a report that Bangladesh’s economic growth could fall to 4 percent due to political unrest. The World Bank also agreed with them, saying that the growth rate could be 4.1 percent.

Related News
Trump Invokes Wartime Powers to Boost U.S. Mineral Production
PM Modi Highlights ‘Make in India’ Initiative as Key to Economic Self-Reliance
Netflix Loses Margot Robbie’s Movie to Warner Bros. Despite $150M Bid
South Korea to Overhaul Airport Safety Measures After Deadly Crash
South Korean Authorities Seek Arrest of Impeached President Yoon Suk Yeol Amid Protests
Jamie Oliver Withdraws Children’s Book After Backlash from Indigenous Australians
Related Posts
The Rise of Islamist Extremism in Bangladesh: Political Instability and Global Influences
Bangladesh at a Crossroads: The Rise of Religious Conservatism Amid Political Transition
U.S. to Honor Controversial Bangladeshi Protesters, Sparks Debate
State Dept: No Recipient to Accept Madeleine Albright Group Award at IWOC
Are Farzana Rupa, Shakil Ahmed, and Other Seasoned Journalists’ Cases Finally Getting Congressional Attention?
Iran-U.S. Relations: A Timeline of Tensions and Turning Points
More News

RSF Report: Bangladesh Among Four Deadliest Countries for Journalists in 2024

Reporters Without Borders (RSF), an international organization dedicated to press freedom, has listed four countries, including Bangladesh, as the most dangerous for journalists in 2024. The announcement was made alongside the release of their annual report detailing the deaths of journalists worldwide while performing their professional duties.The report, cited by The Economic Times on Thursday, […]

Trump Names Massad Boulos as Adviser on Arab and Middle Eastern Affairs

Former U.S. President Donald Trump has appointed Lebanese-American businessman Massad Boulos as his senior adviser on Arab and Middle Eastern affairs. The announcement underscores Trump’s efforts to strengthen ties with the Arab world as he positions himself for a potential return to the White House. “I am proud to announce that Massad Boulos will serve […]

Kilauea Volcano Resumes Eruption, Showcasing Nature’s Spectacle on Hawaii’s Big Island

The Kilauea volcano on Hawaii’s Big Island resumed its dramatic display of nature’s power, erupting once again this Tuesday, with lava fountains soaring into the sky. Known as one of the most active volcanoes globally, Kilauea has experienced intermittent eruptions for nearly two months, beginning its latest cycle on December 23. This latest phase of […]

‘Pushpa 2’ Sets New Box Office Record in Just Four Weeks

The South Indian blockbuster Pushpa 2: The Rule, starring superstar Allu Arjun, continues to break box office records in India. The film has achieved another remarkable milestone, grossing ₹39.50 crore in its fourth week. This brings its total collection to over ₹1,294 crore at the Indian box office alone, as reported by Pinkvilla. Initially, it […]

BRICS Expands Membership in Bid to Challenge Western Influence

Saudi Arabia, UAE, Iran, Egypt, Ethiopia, and Argentina Join BRICS Alliance to Support Developing Nations New Delhi, India – The BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, has officially invited six new nations to join its ranks: Saudi Arabia, the United Arab Emirates, Iran, Egypt, Ethiopia, and Argentina. This expansion marks a […]

India Overtakes Japan as 3rd Most Powerful Country in Asia in 2024: Lowy Institute Report

SYDNEY – According to the 2024 Asia Power Index released by Australia’s Lowy Institute, India has surpassed Japan to become the third most powerful and influential country in Asia, following the United States and China. The comprehensive index, which evaluates the distribution of power across Asia, highlights India’s steady rise in influence and capabilities. The […]

Sudanese Suspect Denies Charges as ICC Darfur Atrocities Trial Concludes

The Hague — A Sudanese man accused of orchestrating atrocities in Sudan’s Darfur region told judges at the International Criminal Court (ICC) on Friday that they had mistaken his identity. Ali Muhammad Ali Abd-Al-Rahman, alleged to be the Janjaweed militia leader known as Ali Kushayb, denied involvement in the mass violence that took place during […]

”Awami League’ is not interested in sitting with the interim government”

The organizing secretary Shafiul Alam Chowdhury Nadel, said that ‘Awami League’ is not interested in sitting with the interim government. Bangladesh Awami League is planning to start a movement soon against the interim government led by Muhammad Yunus. Shafiul Alam Chowdhury Nadel, the party’s organizing secretary, told Voice of America on Friday (October 25). He […]

Iran Agrees to Indirect Talks with the United States

Iran has responded to a letter from U.S. President Donald Trump regarding a potential new nuclear deal. Iranian Foreign Minister Abbas Araqchi stated on Thursday (March 27) that the message was delivered through Omani mediators, according to British news agency Reuters. Quoting Araqchi, Iran’s IRNA news agency reported, “We will not enter direct negotiations under […]

U.S. Issues Travel Advisory for Bangladesh

The U.S. Department of State has issued a travel advisory for its citizens considering travel to Bangladesh, urging them to reconsider their plans due to potential risks of terrorist attacks and armed conflict. The Level 3 travel advisory, issued by the Bureau of Consular Affairs on the night of March 7, warns that terrorists could […]