Leveraging PPP in developing modern ports in Bangladesh
Within five decades of its independence, Bangladesh has demonstrated impressive development performance, with multiple gains emanating from faster poverty reduction, robust economic growth, and sustained human development. The high share of manufactured goods in exports and rise in consumption has helped propel growth and created millions of jobs in recent years. After a period of slowdown in trade due to Covid-induced shocks which saw Bangladesh's exports plummeting by 16.9 per cent from a record high of $40.53 Billion, Bangladesh now looks set to be on the path to recovery with exports climbing up to $38.75 Billion in FY21, and the International Monetary Fund (IMF) projects a GDP growth rate of 7.9 per cent in FY22. Bangladesh's next phase of growth trajectory, which would set the country on the path to accomplish its vision of becoming a 'Developed Country' by 2041 while meeting its SDG commitments, will require Bangladesh to enhance its connectivity to the international markets, and secure greater integration into the Global Value Chain (GVC). Recognising trade and in particular, exports, as the key driver of growth and jobs, Government of Bangladesh (GoB) has set an ambitious target for exports amounting to $51 billion in FY22, and is moving fast through the development of 100 economic zones in multiple commercial hubs around the country. Successful attainment of these targets will require improvement in human capital and making full use of the demographic dividend, improvement in competitiveness, significant increase in FDI and private investment, gradually moving to diverse, complex, and higher-value-added products and finally, development of facilitative trade and production support infrastructure.
India targets net-zero carbon emissions by 2070, says Modi
India’s economy will become carbon neutral by the year 2070, the country’s prime minster has announced at the COP26 climate crisis summit in Glasgow. The target date is two decades beyond what scientists say is needed to avert catastrophic climate impacts. India is the last of the world’s major carbon polluters to announce a net-zero target, with China saying it would reach that goal in 2060, and the United States and the European Union aiming for 2050.
COP26: What climate summit means for one woman in Bangladesh
China's carbon emissions are vast and growing, dwarfing those of other countries. Experts agree that without big reductions in China's emissions, the world cannot win the fight against climate change. In 2020, China's President Xi Jinping said his country would aim for its emissions to reach their highest point before 2030 and for carbon neutrality before 2060. His statement has now been confirmed as China's official position ahead of the COP26 global climate summit in Glasgow. But China has not said exactly how these goals will be achieved.
Why China's climate policy matters to us all
China's carbon emissions are vast and growing, dwarfing those of other countries. Experts agree that without big reductions in China's emissions, the world cannot win the fight against climate change. In 2020, China's President Xi Jinping said his country would aim for its emissions to reach their highest point before 2030 and for carbon neutrality before 2060. His statement has now been confirmed as China's official position ahead of the COP26 global climate summit in Glasgow. But China has not said exactly how these goals will be achieved.
Deliver on promises, developing world tells rich at climate talks
A crucial U.N. conference heard calls on its first day for the world's major economies to keep their promises of financial help to address the climate crisis, while big polluters India and Brazil made new commitments to cut emissions. World leaders, environmental experts and activists all pleaded for decisive action to halt the global warming which threatens the future of the planet at the start of the two-week COP26 summit in the Scottish city of Glasgow on Monday. The task facing negotiators was made even more daunting by the failure of the Group of 20 major industrial nations to agree ambitious new commitments at the weekend.