- Professor Surya P. Subedi
The pandemic of Covid-19 has brought many challenges for states of all size and shape, whether economically or politically. The hardest hit is likely to be the least-developed countries like Nepal which already suffer from other handicaps. They lack a long-term strategy to use economic diplomacy successfully to develop the economy of the country. Economic diplomacy is about knowing how to exploit the unique selling points that the country has, maximise the benefits resulting from them and putting in place policies designed to achieve such objectives. The following are some of them:
- Benefiting from competition among foreign actors
We are often led to believe that Nepal is a resource poor country, but in reality, it is a country rich in water resources and other resources such medicinal Himalayan herbs and has a huge potential for the development of the tourism and other services sectors. Since the country is endowed with such resources and there is so much potential for the services sector, Nepal is well placed to attract foreign investment to harness its natural resources and develop its services sector since the country has achieved some degree of political stability. Continue reading
JEDDAH: In a speech at an extraordinary virtual conference of education ministers on Thursday, Dr. Yousef bin Ahmed Al-Othaimeen — secretary-general of the Organization of Islamic Cooperation (OIC) — stressed the value of sharing ways in which countries have managed their education systems during the COVID-19 pandemic, Arabnews writes.
The conference — organized by the Islamic World Educational, Scientific and Cultural Organization (ICESCO) — was attended by 38 education ministers and five deputy ministers, and representatives of 12 Continue reading
Worldbank, Washington DC — The World Bank Board of Executive Directors today approved a $39.5 million project to help South Asia build resilience to climate threats and disasters by sharing regional data and knowledge, developing regional standards and guidelines for infrastructure, and promoting climate-resilient policies and investments.
The Climate Adaptation and Resilience for South Asia (CARE) Project will help develop a public platform to inform climate planning and investments, and fund innovative and disruptive technology to support resilience in South Asia. It will also assess climate impacts in districts across Bangladesh, Nepal, and Pakistan to support agriculture, livestock, water, and transport. Continue reading
Daily Sabha — Nibbling their way across a large part of Africa in the worst outbreak, locust swarms are now threatening South Asian countries with India taking extra measures to ward off a new outbreak that could ravage crops. India is buying drones and specialist equipment to monitor the movement of locusts and spray insecticides.
Earlier this year, Indian authorities were able to bring swarms of desert locusts under control, but an outbreak in neighboring Pakistan has again raised concerns about the safety of crops such as wheat and oilseeds in India. Continue reading
London — The Least Developed Countries (LDCs) should assign more external aid to their national development priorities, especially to economic structural transformation, the United Nations Conference on Trade and Development (UNCTAD) said on Tuesday in a report.
The effects of climate change are being increasingly felt in vulnerable countries like Bangladesh. Photo: Reuters
The global negotiations on how to tackle climate change take place in December at the annual Conference of Parties (COP) of the United Nations Framework Convention on Climate Change (UNFCCC), which is hosted in a different continent each year. This year it was the turn of South America, and COP25 was supposed to have been held in Santiago, Chile from December 2 to 13. However, due to the ongoing political unrest in Santiago, the government of Chile asked Spain to host it in Madrid. Continue reading
By: Ngamindra Dahal and Bhagirath Yogi
Historically LDCs’ contributions to climate change is negligible but over a billion people in the low income countries are increasingly bearing the brunt.
Nearly 70 people died due to a monsoon landslide in Myanmar’s Mon State. According to officials, the landslide took place when the mountain side of Ma-lat mountain collapsed due to heavy rainfall in Paung township in early hours of August 9. The remains of the collapse buried residents, houses and vehicles, reports said. Continue reading
Achieving developing economy status would mean reduction in the informal economy as a share of GDP. Photo: Star
Habibullah N Karim, The Daily Star— It is indeed a seminal event in the history of Bangladesh that the UN last year declared Bangladesh eligible to step up to a developing economy from being a Least Developed Country (LDC). Of course the process is gradual and due to take effect in 2024 with a grace period of three years to wean off the special dispensations of the LDC status. Continue reading