News stories by Anis Chowdhury

SYDNEY, July 14 (IPS) - Philippines was the most advanced Southeast Asian country with the highest per capita GDP until about the early 1960s. Its per capita GDP in purchasing power parity terms were about the same as South Korea’s and above that of Thailand in the early 1970s.

SYDNEY, June 25 (IPS) - June 27-28 is the 16th Social Business Day, observed in Savar (Dhaka) Bangladesh. In June 2024 at the Western Sydney University’s graduation ceremony where I was conferred Emeritus Professor status, I urged the new business graduates to purge the world of the… obnoxious Friedmanite idea that is destroying our planet and tearing our communities apart.

SYDNEY, June 9 (IPS) - The World Bank considers corruption a major obstacle to eradicating global poverty. The Bank officially has a zero-tolerance policy against fraud and corruption in its projects. Concerned with widespread corruption in Bangladesh, the Bank and the Government agreed on the Governance-oriented Country Assistance Strategy (GCAS) in 2006 and the Bank’s subsequent Country Partnership Strategy (CPS) ostensibly has been more selective on governance and anti-corruption (GAC) issues. Ironically, however, the Bank’s funding enables corruption. The Bank’s recent decision to advance a US$350 million loan allegedly for enhancing energy security is a glaring example.

SYDNEY, May 12 (IPS) - The Republic of Korea (Korea), Vietnam and Bangladesh are on three different rungs of the development ladder. While Korea is a member of the rich nations’ club, i.e., the Organisation for Economic Cooperation and Development (OECD), Bangladesh is still a least developed country (LDC); and Vietnam is in the middle.

SYDNEY, April 28 (IPS) - Bangladesh remains one of the most corrupt countries in the world. Its corruption perception index (CPI) score, 24, is 18 points below the global average score of 42, and 21 points lower than the Asia-Pacific region’s average of 45. One of the main sources of corruption is over-priced aid-funded projects as they lack competitive bidding. Projects funded through Government-to-Government deals drive up costs by more than 400% compared to more transparent alternatives, and around 35% of project costs are lost to corruption and inefficiency.

SYDNEY, April 21 (IPS) - The global economy, is at the precipice of “stagflation” – growth slowdown and higher inflation – due to the energy price shock following the illegal US-Israel war on Iran. The International Monetary Fund (IMF) has recently termed this as a “textbook negative supply shock”. For the first time since the 1970s, the prospect of stagflation seems real.

SYDNEY, April 7 (IPS) - Bangladesh is scheduled to graduate from the least developed country (LDC) status in November this year after more than half a century. Bangladesh joined the UN club of LDCs in 1975 and consistently met all three graduation criteria – per capita Gross National Income (GNI), human asset and economic vulnerability – since 2018.

DHAKA, Bangladesh, January 8 (IPS) - As many of you know, out of the blue, I have been called in to assist the Interim Government led by Nobel Laureate Professor Muhammad Yunus in stabilising the economy left in ruins by the fallen autocratic-kleptocratic regime that looted the banks, stole public money and robbed small investors in the capital market to siphon off billions of dollars out of the country. I had never served in a government; neither had I ever expected this opportunity. However, my UN experience and political economy understanding have been handy.

SYDNEY, Mar 10 (IPS) - Speaking at the recent annual conference of the Bangladesh Administrative Service Association, Chief Adviser Dr Muhammad Yunus has emphasised the need to create opportunities for young people, asserting that Bangladesh’s large population is not a burden but a valuable resource.

SYDNEY, Jan 13 (IPS) - Thank God, we have survived another year of genocide, war, destruction and climate crisis. The passing year of 2024 has been a mixture of hope and despair. It began with some hope as the International Court of Justice (ICJ) ruled in favour of South Africa’s case against Israel for committing genocide and ordered Israel to take all measures within its power to prevent the commission of all acts within the scope of Article II of the Genocide Convention, and to take immediate and effective measures to enable the provision of urgently needed basic services and humanitarian assistance to address the adverse conditions of life faced by Palestinians in the Gaza Strip.