Bangladesh will need green growth to achieve its vision of upper middle-income country by 2031, which can be achieved through institutional strengthening, regulatory reforms, climate responsive public and private finance and enabling policy framework, says a new World Bank report launched on Thursday. According to the Framework for Implementing Green Growth
Tag: Middle income
The poor, squeezed by 10 trillion dollars in external debts
Developing nations face impossible trade-off on debt: UN
Spiralling debt in low and middle-income countries has compromised their chances of sustainable development, the UN trade facilitation agency has said.Rebeca Grynspan, the head of UNCTAD, said between 70 and 85 percent of the debt that emerging and low-income countries are responsible for is in a foreign currency.This has left
Time running out for decisions on debt relief as countries face crisis
Developing low- and middle-income economies are taking hard hits from global economic developments outside their control. Monetary tightening in advanced economies coupled with increasing fears of a global recession have weakened currencies, sent interest rates soaring, and investors fleeing. All of which is contributing to a rapid deterioration of an already