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Bangladesh

Bangladesh: the ‘Global South’ debt crisis intensifies

15 August 2024 - by Michael Roberts

The overthrow of the Sheikh Hasina’s dictatorial government in Bangladesh by students and the populace last week is a startling outcome of the economic nightmare. The country’s average GDP growth over the past decade, according to government (...)
Bangladesh : Who is Muhammad Yunus, the new prime minister ?

11 August 2024 - by CADTM, Denise Comanne

The CADTM welcomes the departure of Prime Minister Sheikh Hasina as a victory for the courageous student movement, which has been in July-August 2024 the victim of a terrible repression that left over 400 people dead. Nevertheless, given the (...)
The unfulfilled promises of microcredit: some new evidence

9 August 2024 - by CADTM, Stéphanie Jacquemont

The student movement in Bangladesh ousted Sheikh Hasina last Monday, August 5, 2024. A new interim government has been formed to restore order, end repression, and hold a fair election to facilitate a democratic transition of power. Nobel (...)
Students in Bangladesh Are Challenging a Repressive System

5 August 2024 - by Sushovan Dhar

Repression of student protests in Bangladesh has killed more than 400 people. The protests began over the allocation of government jobs but developed into a wider challenge to a ruling party that’s out of touch and increasingly authoritarian. (...)
CADTM statement on repression in Bangladesh

21 July 2024 - by CADTM International

The CADTM denounces the brutality and violent crackdown against student demonstrators protesting against the government job quotas imposed by the government of Bangladesh. More than 150 deaths have been reported, while thousands of demonstrators (...)
New International Debt Crisis

2 April 2024 - by Eric Toussaint, Abdul Khaliq, Solange Koné, David Calleb Otieno, Amali Wedagedara, Aamanur Rahman

On February 16, 2024, at the World Social Forum in Kathmandu, Nepal, CADTM organised a discussion on the New International Debt Crisis, which discussed the new debt crisis engulfing a series of countries in the South. A number of speakers drew (...)
CADTM South Asia annual meeting

In Bangladesh, globalization results in hardship for women workers

6 March 2024 - by Maxime Perriot, Monower Mostafa

During the CADTM South Asia annual meeting in Kathmandu (Nepal) on 13 and 14 February 2024, Monower Mostafa commented on Bangladesh’s political, social and economic situation. Globalization has terrible consequences for workers Bangladesh (...)
In Nepal, CADTM delegates took part in the opening march of the World Social Forum and successfully completed their initial workshops

21 February 2024 - by CADTM International, Maxime Perriot

The World Social Forum, which took place this year in Kathmandu (Nepal), began on Thursday 15 February 2024. The CADTM International network was represented by delegates from India, Pakistan, Sri Lanka, Bangladesh, Kenya, Côte d’Ivoire and the (...)
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

12 June 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 (...)
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 (...)