The Current Situation Of Bangladesh - 1095 Words

Background: Bangladesh is a unitary parliamentary republic with an elected parliament called Jatiyo Sangshad. It gained its independence from Pakistan in 1971 and has, since then, seen alteration of civilian and military regimes. After the independence, the new state endured poverty, famine, political turmoil and military coups. The current situation in Bangladesh is embedded in the history and political situation of the country. In 2001, when the Awami League lost the elections to the Bangladesh Nationalist party, widespread political unrest followed the resignation of the Bangladesh Nationalist Party (BNP). However, the military backed â€Å"caretaker† government worked out to bring the parties for the elections within the required amount of time, but the Awami League withdrew from the elections at the very last minutes. Therefore the caretaker government lasted from 2007 to 2008. The country had suffered for decades from widespread corruption, chaos, and political aggression. The caret aker government worked to fight and demolish corruption from all levels of government. It arrested more than 160 people on charges of corruption including politicians, civil servants and businessman. It is worth mentioning that during these years the caretaker government ratified the United Nations Convention Against Corruption (UNCAC). It also undertook institutional reforms such as reconstitution of the Anti-Corruption Commission, of the Electoral Commission and the separation of powers. InShow MoreRelatedThe Future Of Bangladeshi Bank Essay1578 Words   |  7 Pages Future of Bangladeshi Bank Introduction Commercial banks, non-bank financial institution, insurance companies etc. are the main elements to build the financial sector of Bangladesh. The main role is played by banks in the financial sector of Bangladesh. Bank is the financial institution that deals with money through depositing money and then channels those funds into loaning activities. A bank is an institution that deposited money which is given by customer for investment and repay it when theRead MoreThe Transit Agreement Between Bangladesh And India Essay1739 Words   |  7 Pagesdevelopment and some countries like Egypt,Singapore,Russia is making a huge money through this system Transit Agreement between Bangladesh and India: Through Protocol on Inland Water Transit and Trade in 1972 (PIWTT) between India and Bangladesh, India was using Chittagong port for trade since then. For easier trade, India was demanding transit facilities from Bangladesh but the BNP government was not providing that facilities at their time.AfterAwami League came into power the request for transitRead MoreThe Future Of The Bank Essay1561 Words   |  7 Pagesperformance of a bank. The financial performance shows the strengths and weaknesses of bank performance over time. 2. 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Introduction: GDP (Gross Domestic Product) is indicator of a nation’s economic Growth- Measured by the market value of all officially recognized final goods and services produced within a country in a given period. Through GDP growth we can measure the economic growth, especially very much useful indicating tools for measuring growth in the least developed countries (LDCs), like Bangladesh, Haiti, Samoa, Afghanistan, Sudan, ZambiaRead MoreImpact of Garment Industries on the Economy of Bangladesh1435 Words   |  6 Pagesthe economy of Bangladesh: Introduction: Bangladesh is currently one of the 12 largest exporters of garments products in U.S.A and U.K. In spite of this, the real situation does not come in front of the world. That is they are not becoming influenced like before any more. We can see this by the price level of our garments products in the world market. The quantity we are exporting is huge but at a very low price. In the statistics the impact may be huge but the condition of Bangladesh is not improvingRead MoreThe Causes And Effects Of The Industrial Revolution In Bangladesh1073 Words   |  5 PagesAfter a series of disastrous events in England during the nineteenth century, the event of what the human race knows as the Industrial Revolution was born. Now, two hundred years later, with a repetition occurring in Bangladesh, what will this modern day phenomenon be known as? Similar to the English in the past, as the Bangladeshi economy continually develops, the living conditions of its workers are substantially depreciating. Because of the extremely low minimum wages, the needs and strugglesRead MoreCredit Risk In Bangladesh Bank881 Words   |  4 Pagesreserves to offset these big loans. Industry experts say long delays in repayments have created this situation. The Bangladesh Bank’s Financial Stability Division compiled a report after collecting data from 56 banks up till December 2016. The increased focuses on big lenders as the primary cause of the current situation. The Bangladesh Bank is currently leading an investigation into the situation. Up till December 2016, 74% of all banks’ capital reserves had been used to offset loan defaults. TheRead MoreRatio Analysis of Power Grid Bd1673 Words   |  7 Pages2007 | 2006 | Current Ratio | 4.11 | 3.65 | 2.95 | Quick Ratio | 3.92 | 3.44 | 2.73 | NWC to Asset Ratio | 0.17 | 0.15 | 0.13 | Cash Ratio | 3.23 | 2.70 | 2.03 | NWC to Sales Ratio | 1.71 | 1.43 | 1.04 | NWC($) | 9215702577.00 | 7220848206.00 | 5205523576.00 | Average Daily Cash Expenses | 7537175.82 | 7160555.21 | 6768509.99 | Interval Measure(in days) | 1270.94 | 1029.86 | 798.11 | Interpretation: * According to current ratio from year 2006 to 2008, the current asset of the