May 6, 2025 4:15 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
The Political Unrest in Bangladesh:Unveiling the Orchestrated Chaos
Taiwan Faces Challenges Amid Budget Cut Concerns
Jailed Ekrem Imamoglu Declared Presidential Candidate in Turkey
Washington on high alert ahead of Trump’s inauguration
US Election discussion [Video]
Tension Between Zegler and Gadot on Snow White Set
Related Posts
Registration of 118,000 Newly Arrived Rohingyas in Cox’s Bazar—No Space Left in Camps
Russia-Ukraine Ceasefire Possible “At Any Moment
Pakistan Accuses India of Violating Indus Waters Treaty, Prepares Formal Notice
India Suspends Indus Water Treaty Amid Rising Tensions with Pakistan
Myanmar Junta May Weaponize Nuclear Power Plant, Warns UN Envoy
India-Pakistan Tensions Escalate Following Pahalgam Attack
More News

Saudi Arabia Executes Six Iranians for Drug Smuggling, Prompting Tehran’s Protest

DUBAI – Saudi Arabia executed six Iranian nationals for drug smuggling, as reported by the state news agency SPA on Wednesday. This action has led Tehran to summon the Saudi ambassador in protest. The Saudi interior ministry stated that the six individuals were arrested and charged with smuggling hashish into the kingdom. The executions were […]

85 More Killed in Gaza; 600 Palestinians Die in Three Days

Israeli attacks on the besieged Gaza Strip have killed 85 more people and injured hundreds. In the past three days, nearly 600 Palestinians have lost their lives due to Israeli aggression, according to reports from Anadolu Agency and Al Jazeera. Gaza’s health ministry reported that since October 2023, Israeli attacks have killed 49,617 Palestinians. On […]

Mahfuj Alam, Aide to Dr. Yunus, Sparks Controversy with Call to Annex Indian Territories

Bangladesh Political Aide Sparks Controversy Over Facebook Post Advocating Annexation of Indian Territories Mahfuj Alam, special aide to Dr. Muhammad Yunus and advisor to the Interim Government, triggered regional tensions on Tuesday morning with a controversial Facebook post suggesting the annexation of India’s eastern and northeastern territories. In the post, Alam accused India of pursuing […]

Bangladesh’s GDP Growth to Wane in the Current Fiscal Year

The World Bank has predicted a decline in Bangladesh’s Gross Domestic Product (GDP) growth for the current fiscal year, following a similar forecast by the International Monetary Fund (IMF). According to a report by the World Bank, GDP growth is expected to drop to 4.1% in the 2024-25 fiscal year. In June, the organization had […]

Beyoncé Announces 2025 Cowboy Carter Tour

Beyoncé has confirmed that she will be hitting the road in 2025 for her highly anticipated “Cowboy Carter Tour” in support of her eighth album. The announcement came after a teaser during her “Beyoncé Bowl” performance, followed by confirmation from the singer herself on her social media accounts and website. However, specific tour dates have […]

Jennifer Aniston Slams Barack Obama Affair Rumors

Jennifer Aniston has responded to rumors of an affair with former President Barack Obama, calling the speculation “absolutely untrue” and one of the “bizarre pieces of gossip” she’s ever faced in her career. The 55-year-old Friends star, who has repeatedly denied the claims, believes that staying silent would only “add fuel to the fire,” according […]

North Korea moved at least 3,000 soldiers into eastern Russia. 7,000 more are waiting to move.

Between early- to mid-October, North Korea moved at least 3,000 soldiers into eastern russia.7,000 more are waiting to move. These soldiers traveled by ship from the Wonsan area in North Korea to Vladivostok, Russia. This is certainly a highly concerning probability. After completing training, these soldiers could travel to western Russia and then engage in […]

This Time, Trump Warned Putin About War

US President Donald Trump has given a warning message to Russia. He said the country would face sanctions if Russia does not reach an agreement to end the war in Ukraine. This information was given in a report of the news agency Reuters. Trump said on his social media platform Social Truth that Russian President […]

Fire Breaks Out on Passenger Plane Before Takeoff in the U.S.; 294 Onboard Escape Unharmed

A Delta Airlines flight preparing for takeoff in the United States caught fire on the tarmac, prompting an emergency evacuation of all passengers and crew. The incident occurred at Orlando International Airport in Florida. According to a report published on Monday, April 21, by the BBC, the aircraft’s right engine caught fire while the plane […]

Islamic Law to be the Primary Basis of Law in Syria

Syria’s new constitution will establish Islamic law as the primary basis of its legal system while ensuring freedom of speech for its citizens. A draft of the new constitution has been released, confirming this provision. President Ahmed Al-Sharaa has signed the draft constitution. According to Reuters, a legal expert appointed by President Al-Sharaa read out […]