Bangladesh economy hit by external factors: FT

Bangladesh is being affected by ‘economic conditions elsewhere in the world’ as the country is now facing soaring prices of energy and food following the Covid-19 pandemic and Russia-Ukraine war. These have led to energy shortages and rising import bills that are, in some cases, straining the ability of the country

Developing countries and the perfect storm: Part-I

Developing countries – in Africa, in Asia, in Latin America and in the Middle East – are facing a combination of crises that are unprecedented in recent times. Over the last three years they have had to face the COVID-19 crisis, the food crisis, the energy crisis, the climate change

A Global Food Crisis: Shortage Amidst Plenty

India is being asked by the US government and the IMF to reconsider its decision to suspend wheat exports. Their cited concern is that export restrictions will exacerbate food shortages amidst Russia’s invasion of Ukraine. But the argument does not stand ground technically or morally. There is no food shortage. According

Ensure good stocks to deal with imminent food crisis

The United Nations Food and Agriculture Organisation (FAO) feared a global food crisis due to the Covid-19 pandemic. Although agricultural production has increased a bit compared to that in last year, the fear of a possible food crisis has not gone yet. Global food stocks are declining in proportion to