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Impact of Iran’s nuke deal on Bangladesh

As the world comes to terms with the Iran nuclear deal, there has been plentiful analysis on its impact across the world. The focus largely has been on the impact in the Middle East. Its impact on the Indian subcontinent has also been researched and commented upon, with a specific focus on how India and Pakistan may benefit. However, little has been said about the nuclear deal’s impact on Bangladesh. Oftentimes, news on Bangladesh is dominated by depressing topics such as corruption, floods and heart-wrenching human tragedies such as the Rana Plaza garment factory collapse. All of this gives a

Bangladesh between terrorism and democracy

The rising tide of Islamist violence in Bangladesh could be a bellwether for South Asia. How should the world respond? There’s a rising tide of political violence in Bangladesh — one that has gone mostly unnoticed by scholars and analysts. Yet the country presents both a potential threat, as violence by fundamentalist Islamist groups rises, and a prospective model for a democratic, majority-Islamic state. As a battleground over the role of Islam and politics, Bangladesh will be a crucial proving ground for those who see Islam as an inspiration for development, democracy, and peaceful social relations—and those with a fundamentalist vision for society who want to export terrorism to neighboring India, Pakistan, and Afghanistan. As a potential bellwether for South Asia more broadly, Ba...

Lack of a Bangladesh sovereign bond

Bangladesh has a good story to tell foreign investors, but the lack of a sovereign bond is preventing the country from putting itself on the map. Its capital markets are open to both inflows and outflows. There are no restrictions on repatriating capital or dividends. The taka is stable, government debt is low, its global credit ratings are stable, and the local-currency bond market offers attractive yields: 7.2% for the government two-year bond and 8.4% for the 10-year. But these markets are also small. The bond market is only $18 billion, or about 10% of the bb<...

Bangladesh aims for 10pc GDP growth

In previous iterations of FinanceAsia’s Bangladesh Investment Summits, speakers sought to convince investors that their negative perception of the country was out of date with the reality. Today there is a consensus that Bangladesh is a success story. The next challenge is therefore to increase foreign investment and raise economic growth rates by developing the country’s social development, said Gowher Rizvi, international affairs Dhaka Streetadvisor to Sheikh Hasina, the prime minister. “We don’t have to apologize about our image,” Rizvi ...

Putting up barriers will not solve the migrant crisis

Europe is facing an unprecedented migration crisis nowadays. But instead of resolving it, it is on the verge of making an unprecedented mistake. Abolishing the Schengen agreement, as suggested by some, is not the answer. It would strike at the very heart of the European project, depriving EU citizens of their most cherished right, slowing down Europe’s post-crisis recovery and diminishing its capacity to curb organised crime and terrorist threats. The scale of the challenge is massive. The number of migrants reaching Greece alone by mid-August amounts to 158,000 since January 2015. Unfortunately the response so far has only deepened the concerns. Despite the fact that the European Commission has taken a firm stand, stating that “Schengen is not negotiable”, some European politicians ...

Nazrul Islam: The Rebel Bengali Poet

Kazi Nazrul Islam, better known as the rebel Bengali poet, is considered as the second poet of the Rabindra period, at least in its later phase. He is eminent both as a writer and musician- a rare combination not to be found in any celebrity of his age other than, of course, Rabindranath himself. He was by nature and conviction a people's poet and believed all through his literary career that "art is for the people". Nazrul had his primary education at a Madrasa. He learnt Persian and Arabic from Maulavi Kazi Fazle Ahmed. He passed his lower primary examination at the age of ten. But he could not complete his primary education although he got an opportunity to continue his study at a high school at Mathrun where Kumudranjan Mullick, a noted poet, was its ...

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