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Bangladesh

How South Asia can become a free trade area

Sanjay Kathuria's picture
Women knit handicrafts for export at Everest Fashion Fair Craft in Lalitpur, Nepal
Women knit handicrafts for export at Everest Fashion Fair Craft in Lalitpur, Nepal. Photo: Peter Kapuscinski / World Bank

The South Asian Free Trade Area (SAFTA) agreement has been in effect since 2006—with little success.

This is in sharp contrast to the ASEAN free trade area (AFTA), which started in 1992 with six six countries and later added more members, completing the ASEAN ten by 1999.

Between 1992 and 2017, intraregional imports as a share of global imports in ASEAN increased from 17 to 24 percent, and exports from 21 to 27 percent.

In South Asia, these shares were largely stagnant since SAFTA came into effect, at 3 percent for intraregional imports and 6-7 percent for intraregional exports.

In fact, intraregional trade in South Asia has been the lowest among world regions for quite some time, hovering around 5 percent of its overall trade with the world.

Confronting tobacco illicit trade: a global review of country experiences

Sheila Dutta's picture



Illicit trade in tobacco products undermines global tobacco prevention and control interventions, particularly with respect to tobacco tax policy. From a public health perspective, illicit trade weakens the effect of tobacco excise taxes on tobacco consumption - and consequently on preventable morbidity and mortality - by increasing the affordability, attractiveness, and/or availability of tobacco products. Furthermore, tobacco illicit trade often depends on and can contribute to weakened governance.

The rising cost of nutritious food in South Asia

Felipe F. Dizon's picture
 World Bank
A malnourished child will face poorer outcomes as an adult. In South Asia, where malnutrition persists in multiple forms, improving nutrition in the early stages of life is critical to a child's future development and health. Credit: World Bank

A malnourished child will face poorer outcomes as an adult.
 
That’s why improving nutrition, especially in the early stages of life, is critical.
 
The path toward better nutrition includes adequate maternal and child care, access to better sanitation facilities, health services, and naturally, nutritious foods.
 
But whether an individual consumes—or not—nutritious food is contingent upon a myriad of factors, ranging from the availability of certain foods, how convenient they can be turned into meals, or simply, if they meet consumers’ tastes.
 
But above all, the high cost of food remains the most critical barrier to proper nutrition and affects the poor more than the rich.
 
And in South Asia, where malnutrition persists in multiple forms, the cost of nutritious food is prohibitive.

Taking stock: knowledge sharing as a driver for achieving the Sustainable Development Goals

Steffen Janus's picture

Image: United Nations

Another year has passed, and we are only 11 years away from the goalpost of the 2030 Agenda for Sustainable Development (Agenda 2030). It is high time to reflect a bit on where we are today on knowledge sharing for achieving the Sustainable Development Goals (SDGs).

In the past few years, knowledge sharing has moved to the center of global development as a third pillar complementing financial and technical assistance. Agenda 2030 calls for enhancing “knowledge sharing on mutually agreed terms,” while the Addis Ababa Action Agenda on Financing for Development encourages knowledge sharing in sectors contributing to the achievement of the SDGs.

For cities, this means that knowledge sharing can be a critical catalyst for achieving SDG11 to “make cities and human settlements inclusive, safe, resilient, and sustainable.”

South Asia: A bright spot in darkening economic skies?

Hartwig Schafer's picture
South Asia is set to remain relatively insulated from some of the rising uncertainties that are looming large on the global economic horizon. The region will retain its top spot as the world’s fastest-growing region. The Siddhirganj Power Project in Bangladesh. Credit: Ismail Ferdous/World Bank

If, like me, you’re a firm believer in New Year’s resolutions, early January ushers in the prospect of renewed energy and exciting opportunities. And as tradition has it, it’s also a time to enter the prediction game.
 
Sadly, when it comes to the global economy, this year’s outlook is taking a somber turn.
 
In the aptly titled Darkening Skies, the World Bank’s new edition of its twice-a-year Global Economic Prospects report shows that risks are looming large on the economic horizon.
 
To sum up:  In emerging market and developing economies, the lingering effects of recent financial market stress on several large economies, a further deceleration in commodity exporters are likely to stall growth at a weaker-than-expected 4.2 percent this year.
 
On a positive note, South Asia is set to remain relatively insulated from some of these rising global uncertainties and will retain its top spot as the world’s fastest-growing region.
 
Bucking the global decelerating trend, growth in South Asia is expected to accelerate to 7.1 percent in 2019 from 6.9 percent in the year just ended, bolstered in part by stronger investments and robust consumption.  

Among the region’s largest economies, India is forecast to grow at 7.5 percent in fiscal year 2019-20 while Bangladesh is expected to moderate to 7 percent in fiscal year 2018-19. Sri Lanka is seen speeding up slightly to 4 percent in 2019.
 
Notably, and despite increasing conflicts and growing fragility, Afghanistan is expected to increase its growth to  2.7 percent rate this year.

In this otherwise positive outlook, Pakistan’s growth is projected to slow to 3.7 percent in fiscal year 2018-19 as the country is tightening its financial conditions to help counter rising inflation and external vulnerabilities.

However, activity is projected to rebound and average 4.6 percent over the medium term.

South Asia's new superfood or just fishy business?

Pawan Patil's picture
Across South Asia, four known species of indigenous, fully mature, small food-fish – now dubbed ‘NutriFish’ have nutritional and health benefits for pregnant and lactating women and young children when consumed over the first one thousand days. Here, children from Kothi, Odisha in India show their curiosity and share their excitement with a new kind of harvest happening in their village. Credit: Arun Padiyar
Kale, Kefir, and Quinoa have now joined the ranks of better-known foods like Blueberries, Orange Sweet Potato, and Salmon on family dinner tables across the world.

Considered superior for their health and nutrition benefits, these so-called ‘Superfoods’, often considered “new” by the public are now ever-popularized by celebrity chefs and have become all the rage of foodies from San Francisco to Singapore.   

We live in a world of paradox, where old world and almost forgotten food like Quinoa (which dates back as a staple food over three thousand years to Andean civilization but largely disappeared with the arrival of the Spanish) is now back on the menu.  

Salmon, a staple part of Nordic diets from paleolithic times and woven into the culture of native populations across northwestern Canada and many other superfoods share comparable stories.

And, there are many other old world foods, indigenously known, disappearing but not fully forgotten, yet to be re-discovered.

Food is also now advancing to the front-line of the war on poverty

A health and human capital crisis is now sweeping the world, and a lack of diverse, accessible, affordable, and available nourishing foods is increasingly blamed.  

For example, obesity, from poor diet and poor exercise has tripled since 1975 to almost two billion people today.  

Undernutrition contributes to 45 percent of all deaths of children under five years old (3.5 million each year), much of it avoidable, but difficult to detect as it remains “hidden.”  

Policy makers and stewards of national economies are starting to wake up to the fact that poor nutrition has massive economic implications too, reducing GDP by 3-11 percent, depending on the country. 

While economies such as Bangladesh, India, and Pakistan may look strong, just as bellies look full, critical micronutrients and vitamins, essential for healthy physical and cognitive development over the first 1,000 days of life are largely missing from diets of many developing countries and are a proven drag to educational attainment and economic prosperity.  

And parents, from both rich and poor nations alike, seem to know something is not quite right. 

If healthier food choices that are accessible, affordable, and readily available are better known, would parents purchase such food from the market for their families?     

With a small grant from the World Bank-administered South Asia Food and Nutrition Initiative (SAFANSI) supported by the EU and the United Kingdom, a partnership with WorldFish was established to test this premise.  

A 60 second TV spot, a collaboration between scientists, economists, a private sector digital media company, broadcasters and the Government of Bangladesh, was created and broadcast across the nation on two occasions and watched by over 25 million people.  

A parallel radio program was also developed and aired reaching millions more, particularly the rural poor and marginalized communities.
 
NutriFish1000 TV

 

New year with a fresh start: Addressing urban poverty in Bangladesh

Wameq Azfar Raza's picture


Although Bangladesh has achieved much in the way of poverty reduction and human development, progress has been slower in some urban areas.

Issues such as slow-down of quality job growth, low levels of educational attainment (notably among the youth), and lack of social protection measures have taken the wind out of the proverbial urban reduction “sail.” As the country starts fresh in the new year, it is an opportune time to reflect on some of the key issues affecting urban poverty.

Despite the steady growth in Gross Domestic Product (GDP), successive Household Income and Expenditure Surveys (2005 to 2010 and 2010 to 2016) suggest that the rate of poverty reduction has been slowing down while the absolute number of extreme poor have been increasing in urban Bangladesh. Given the accelerating rate of urbanization, it suggests that more people live in extreme poverty in 2016 than they did in 2010. With nearly 44% of the country’s population projected to be living in an urban setting by 2050, this issue is only likely to intensify.  

Several factors may be driving this trend. Absence of education and skills dampen labor market participation and productivity. Among those who participate in the labor-force in urban areas, 19% of men and 28% of women are illiterate. For those who received at least some training, a recent study shows that only 51% of eighth-grade students met equivalent competency in the native language subject (Bangla). The figures were markedly lower for other subjects. Similar trends carry through to technical diploma and tertiary level institutes. As a result, many prospective employers report reluctance to hiring fresh graduates.

Innovative research has an impact against gender-based violence

Diana J. Arango's picture
WBG/SVRI Development Marketplace 2018 winner Equal Playing Field is helping boys and girls in Papua New Guinea build social and soft skills to participate in advocacy campaigns to end gender inequality and violence against women and girls. © Equal Playing Field
World Bank Group/SVRI Development Marketplace 2018 winner Equal Playing Field is helping boys and girls in Papua New Guinea build social and soft skills to participate in advocacy campaigns to end gender inequality and violence against women and girls. © Equal Playing Field

Violence against women and girls is a global pandemic affecting one-third of women. It takes many forms, including female infanticide, female genital mutilation, battering, rape, sexual abuse, harassment and intimidation, trafficking, and forced prostitution. It occurs in the home, on the streets, in schools, workplaces, farm fields, and refugee camps, during times of peace as well as in conflicts and crises.

To stem violence, it is crucial that countries and program implementers are informed by evidence on what works best. There needs to be a stronger, broader knowledge base about prevention and response that can inform investments, policy and practice.

Toward a livable Dhaka

Ede Ijjasz-Vasquez's picture
Toward a Liveable Dhaka


The Dhaka Metropolitan Area is the economic and political center of Bangladesh and has been the country’s engine of economic growth and job creation. Dhaka’s role as a commercial hub has led to rapid population growth, with the population increasing 10 times in 40 years to about 18 million in 2015. This has contributed to Bangladesh having one of the fastest rates of urbanization in South Asia.

Today, more than one-third of Bangladesh’s urban population lives in Dhaka, one of the world’s most densely populated cities with 440 persons per hectare – denser than Mumbai (310), Hong Kong, and Karachi (both 270).

Dhaka is also one of the least livable cities in the world. It is ranked 137 on livability out of 140 cities, the lowest for any South Asian city surveyed. The low livability in Dhaka disproportionately affects vulnerable populations, such as the poor, women, and the elderly.

Borrowing for a rainy day: emergency loans in Bangladesh

Gregory Lane's picture

Blog post by a student on the job market.

Weather shocks are a constant and growing threat to much of the world’s rural population whose livelihoods depend on agriculture (Dercon, 2002). The cost of being exposed to these shocks is high: households sell productive assets or reduce spending on essential goods and services that can have substantial negative long-run consequences on household wellbeing. Moreover, households often adopt agricultural production processes that are less risky but also less productive in order to limit their exposure to these types of shocks (Janzen and Carter, 2018). Unfortunately, it has proved challenging to develop financial tools that reduce exposure this risk. Traditional insurance is often absent in developing countries because of moral hazard and adverse selection. Furthermore, weather-index insurance, which was designed to help farmers increase their resilience to extreme weather events, has suffered from low demand (Cole and Xiong, 2017).


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