Microcredit has been in the spotlight lately. This innovative banking program, pioneered by Professor Muhammad Yunus, has created the option for millions of poor people, especially women, to become self-employed entrepreneurs. By empowering women, microcredit has created opportunities to lift countless families out of abject poverty. Clearly, this has been a net gain for society. Yet current criticism of microcredit points to its failure to alleviate poverty, high indebtedness of borrowers, high interest rates, coercive loan-collection tactics, lack of transparency in public fund management, and uncertainty of succession in leadership.
Lives no longer interrupted by the setting sun…
We were walking towards the small bridge over the canal. The sun had already set and dusk was gradually fading into darkness. The winter air was quiet and still. Approaching the highest point of the bridge, I could sense the excitement in our quickening footsteps - we were almost there.
The project officials had told us that we could see it all, if we stood and looked out from the highest point of the bridge. So we leaned over the railings and waited, straining to see. But there was nothing – just the fuzzy darkness, gradually thickening and settling quietly on the land. I was left wondering whether we were just on a wild goose chase.
Then down below, a faint light suddenly flickered to life. A bulb was turned on in the darkness. Then another glowed – and yet another! In a few minutes, the area lying below us was glimmering with the tiny dots of faint white light bulbs. And from our high vantage point we could clearly see that the sleepy little rural marketplace - Garjon Bunia Bazaar – had woken up; ready for another evening.
The Padma Bridge is expected to unlock the potential and transform the lives of nearly 30 million Bangladeshis living in the country's Southwest region. By reducing distances to major urban centers like Dhaka by almost 100km, the bridge will facilitate regional trade, reduce poverty while accelerating growth and development in the country as a whole.
“The construction of the bridge would fulfill the long-standing dream of the people of the Southwest region to have a permanent crossing over the Padma River,” said World Bank South Asia Vice President Isabel Guerrero.
For decades, the leading causes of mortality have differed between low income countries and high income countries. Those who have worked their careers in health and development probably never thought they would see the day when maternal/child health and communicable diseases would not be the leading health burden in many low income countries.
The new actor is non-communicable diseases (NCDs), which are characterized by chronic diseases (cardiovascular disease, diabetes, cancer, and chronic respiratory disease), along with injury and mental health which are now responsible for half the health burden in South Asia. Thus, the challenge now is how best to juggle this “double burden”.
Currently, many compelling reasons are pushing countries toward starting to tackle NCDs. From both a social and political standpoint, South Asians are 6 years younger than those in the rest of the world at their first heart attack. This type of trend threatens a country’s ability to fully capitalize on the demographic dividend from a larger mature working force because healthy aging is necessary, which in turn, requires tackling NCDs.
An unmistakable sense of achievement and enthusiasm emanated through the halls of the 7th South Asia Economics Student Meet held in Colombo, Sri Lanka last month. The theme of Economic Freedom and Poverty Reduction in South Asia brought together 192 of the top economics undergraduates from universities throughout the region to showcase their economic knowledge and talent.
Demonstrating superior knowledge, creativity, and critical thinking skills; the participants exchanged ingenious ideas in exploring creative solutions to regional economic challenges while making new friendships to pave the way for greater mutual learning as emerging leaders and future policy makers.
Students from universities in Bangladesh, India, Nepal, Pakistan, and Sri Lanka participated in the 3-day conference focusing on economic freedom. As Professor Bishwambher Pyakuryal from Tribhuvan University in Nepal noted, “countries with higher degrees of economic freedom also tend to have higher incomes and levels of development.”
This season in Bangladesh marks the 40th anniversary of the 1970 cyclone which ravaged the southern coast and killed over half a million people, decimated the homes of countless families, destroyed millions of livestock, key infrastructure, and damaged productive land. The recent cyclones Sidr in 2007 and Aila in 2008 also claimed the lives of over 3000 people each, leaving millions of poor more vulnerable to climate change than ever before. In the wake of all these cyclones, questions were raised about how to build resilience to climate change impacts without compromising national development goals. Is Bangladesh developing differently? What lessons can be learned from experience of Bangladesh to reframe development and climate action as mutually supportive objectives?
The Bangladesh Non-lending Technical Assistance on Local Governance (NLTA) is a policy and technical assistance instrument of the World Bank complementing the Bangladesh Local Governance Support Project (LGSP) that has been supporting the Union Parishad (UP), the rural local government since 2006. The NLTA, supported by the Swiss Development Cooperation (SDC), Norway and AusAID, is broadening the dialog on decentralization, strengthening intergovernmental frameworks, and enhancing downward accountability and citizen’s voice in local governance.
Under the NLTA program, one journalist from each of 64 district press clubs was trained in LGSP rules and social accountability process and established a Local Governance Journalist Network (LGJN) in early 2009. This network of journalist is carrying out investigative reports as “third party monitors” on the implementation of LGSP. They are also facilitating local level dialogues between UPs and communities; facilitating citizen’s to hold the UP accountable.
It was a cold evening back in 2004 when a few students and professors of Ramjas College of the University of Delhi got together and initiated an idea that would form the basis for improving regional cooperation among South Asian countries. South Asia has many things in common, and is affected by diverse sets of issues that require cooperation to solve. Under this premise, the South Asian Economics Students’ Meet (popularly known as SAESM) came to life with valuable contributions made by five leading South Asian Universities offering Economics Degrees; the University of Delhi in India; Lahore School of Management Sciences in Pakistan; University of Dhaka in Bangladesh; University of Colombo in Sri Lanka and Tribhuvan University in Nepal.
- Sri Lanka
- South Asia
- Science and Technology Development
- Public Sector and Governance
- Private Sector Development
- Macroeconomics and Economic Growth
- Financial Sector
- Culture and Development
- Say It! Look @
- Economic Students Meet
The Local Governance Support Project (LGSP) is the centrepiece of a broader program to strengthen accountable forms of local governance across Bangladesh. The LGSP provided matching grants and capacity building support to Union Parishads (UPs), which is the lowest tier of rural local government bodies. The project was initiated in July 2006 and in the final year (FY11), it has covered nearly 97% of the 4500 UPs. Each year the UPs are audited, and those that receive a clean audit received an expanded block grant. The LGSP is the first project of its kind in Bangladesh that supported systemic, country-wide reforms in the system of local governance.
The delegates and observers at the COP16 in Cancun are getting an earful about Blue Carbon—shorthand for atmospheric carbon sequestered in the earth’s coastal and nearshore environments. Oceans Day at Cancun will feature a session on Blue Carbon, and briefs, and blogs by ocean advocates are circulating on the net and at side events. The reason for the buzz is that coastal wetlands, including tidal salt marshes, estuaries and river deltas, mangroves and sea grass beds are highly efficient at taking up CO2 from the atmosphere and converting it into organic material—then storing it in the soil. In fact, the root systems and sediment layers which build up as this organic material is generated, broken down and deposited, are up to ten times more rich in carbon than the biomass above the surface.
This makes coastal wetlands even better at sequestering carbon than tropical forests. And, unlike their counterparts on land whose net growth peaks when the forest matures, wetland vegetation continues to grow and sequester carbon in the soil as long as sediments are deposited and the environment remains healthy. This is why Blue Carbon is being brought into the international dialogue on carbon emission offsets and the domain of REDD+ eligible activities. A statement, signed by 55 marine and environmental stakeholders from 19 countries has been presented to the COP for action.