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Bangladesh

AEPF Statement on Bangladesh Factory Fire

12 July 2021 - by Asia Europe Peoples’ Forum (AEPF)

A food and beverage factory in Bangladesh was engulfed in fire killing at least 52 workers and injuring more than fifty others. The workers were trapped inside the building since the only exit had been locked. This illegal practice to force (...)
‘We do not get a chance at happiness’: the Bangladeshi fishermen caught by debt

23 November 2020 - by Rafiqul Islam Montu, Kaamil Ahmed

Hilsa fishermen must borrow to buy equipment but have to sell their catch at a low price to moneylenders – creating a generational debt trap Kalam Sheikh’s life revolves around the few months when he goes in search of Bangladesh’s prized hilsa (...)
CSOs Call to International Creditors of Bangladesh

10 April 2020 - by Collective

We the following Civil Society Organizations (CSOs) from all over the world, are calling on the World Bank (WB), International Monetary Fund (IMF), Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB) and all bilateral, (...)
The US Supreme Court Judgment: A Challenge to World Bank’s unfettered immunity

31 March 2019 - by Sushovan Dhar

The verdict is finally out. On 27 February, in a historic 7-1 decision, the Supreme Court of the United States ruled that international organizations like the World Bank Group are not above immunity and can be sued in US courts. This was in (...)
ADB in Bangladesh: More Than Four Decades of Pillage & Devastation

8 May 2017 - by Hasan Mehdi

The ADB was established in 1966 at the initiative of UN’s Economic and Social Commission for Asia and Pacific (ESCAP). Two years after the great liberation war of 1971, it started working in Bangladesh. Since then (till 2016) Asian Development (...)
Debt as a Primeval Weapon of Dispossession

Breaking the Vicious Cycle of Illegitimate Private Debt in the global South

26 April 2017 - by Eric Toussaint

The “debt system” is gathering steam In Asia, Africa, Latin America and the Caribbean, just as in the highly industrialized countries, after going through several fundamental changes over the past 40 years. Mainly since the outbreak of the Third (...)
Bangladesh: Harsh effects of the Grameen Bank and other microcredit institutions on the rural population

11 April 2017 - by Eric Toussaint, Sushovan Dhar, Nathan Legrand, Abul Kalam Azad

Abul Kalam Azad works with Action Aid in Dhaka, Bangladesh and is also a member of the CADTM. He researches the impacts of microcredit and has conducted Participatory Action Research with the victims of such loans. How does microcredit work in (...)
Concerted efforts in South Asia against debt and microcredit

5 April 2017 - by Renaud Vivien, Sushovan Dhar, Nathan Legrand

CADTM South Asia held a Workshop in Dhaka, Bangladesh from 3-4 March 2017. This international event brought together activists, journalists and members of various organizations from the host country, India and Nepal , actively resisting public (...)
5,000 sacked for demanding higher wages: The human cost of Bangladesh’s $27-billion garment industry

31 January 2017 - by Ikhtisad Ahmed

In December, the government responded to a peaceful strike by workers with use of force, legal action and arrests. Supplanting India, Bangladesh is currently the second largest exporter of readymade garments in the world. This principal source (...)
World Bank money is helping to finance Asia’s coal boom: report

4 November 2016 - by Isabel Esterman

Should the World Bank Group be held accountable when financial institutions it supports invest in projects that threaten forests and communities? After tracing the Group’s links to controversial projects like the Rampal coal power station, the (...)
Bangladesh: The peasant associations BKF-BKS in the struggle against the effects of climate change and for solidarity

5 August 2015 - by Pierre Rousset, Badrul Alam

Badrul Alam, a representative of the BKF-BKS movement in Bangladesh, was in France in June 2015 and was interviewed by Pierre Rousset. Pierre Rousset – You came to France at the invitation of the Confederation paysanne to participate in the (...)
Bangladesh—A Model of Neoliberalism

16 March 2015 - by Anu Muhammad

In 2006, a few months after the Nobel Peace Prize for Muhammad Yunus and Grameen Bank was announced, I was visiting Germany. Quite understandably, I found nonresident Bangladeshis overwhelmed with joy and pride about the prize. Many Germans, (...)
A run on Grameen Bank’s integrity, as founder’s career ends in disgrace

17 May 2011 - by Patrick Bond

Bangladesh’s once-legendary banking environment is now fatally polluted. The rot is spreading so fast and far that the entire global microfinance industry is threatened. Controversy ranges far beyond poisonous local politics, the factor most (...)
Peripheral Economy, Global Capital and Movements in Bangladesh: An Interview with Anu Muhammad

6 January 2011 - by Manoranjan Pegu

Anu Muhammad is an eminent Marxist and a renowned academician from Bangladesh. He is currently serving as Professor in the Department of Economics in Jahangirnagar University, Savar, Dhaka. He is also the general secretary of National Committee (...)
World Bank’s immunity: A legal landmark

Please find the editorial from New Age 14th June, you all know the movement against blanket immunity to the World Bank, in fact it was originated from a case lodged by one of the World Bank employee, she won the case. World Bank was presserizing (...)
Bangladesh: Government against climate aid via World Bank

DHAKA, 16 February 2010 (IRIN) - Bangladesh has voiced strong opposition to plans by the UK Department for International Development (DFID) to provide close to US$100 million in climate change aid - because of its delivery through the World (...)
Presentation during South Asia workshop

Jute Economy of Bangladesh: A case study of IFI-led Privatization

21 December 2009 - by A.K.M. Masud Ali

Presentation during South Asia workshop
Bangladesh: our sovereignity is not for sell out to IFI’s

9 March 2009 - by Equity and Justice

Summary During last couple of weeks in January 2009, there was news coverage in the country’s major print media that the representatives of WB and IMF (World Bank and International Monetary Fund) would visit Bangladesh sometime in February to (...)
World Bank Involvement in Climate Financing Opposed: Stress Political Participation

16 January 2009 - by EquityBD

Application with 1000 signatures from countries and abroad and 3000 post cards is being sent to Chief Advisor Dr. Fakruddin Ahmed and UK Minister Alexander Douglas Dhaka 21st December 2008. Today through organizing a press conference at (...)
Why should we pay back odious and illegitimate debts?

14 March 2007 - by Mohiuddin Ahmad

The increasing debt, together with the expiry of grace periods and unfavourable exchange rates, has resulted in increased debt service. Average annual debt service payment increased from $65 million in the 1970s to over $600 million at present. (...)