BIMSTEC - as it evolves to transform itself into a platform of regional cooperation

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, better known by its acronym BIMSTEC, is a unique regional organisation that brings together seven member states surrounding the Bay of Bengal, namely Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand. As stipulated in the Bangkok Declaration of...

Read more

Countercyclical fiscal policy to counter global economic downturn

A conjuncture of developments, short- and medium-term, have conspired to further slow the world economy. In recent months, the International Monetary Fund (IMF), among others, has acknowledged that global economic prospects are worsening, forcing it to make not one, but at least five consecutive growth forecast revisions, all downward.PREVENTION BETTER...

Read more