Thinking Aloud: Volume X, Issue 8: January 1, 2024

The theme of the January 2024 issue of Thinking Aloud is “Development Challenges and Way Ahead”. The first page article, “Bangladesh economy: What lies ahead in 2024?”, reflects on the macroeconomic challenges that Bangladesh faced in 2023 and the deep fault lines in economic governance that led to the culmination of the current crisis. Analyzing the inadequacy in the policies taken to address the macroeconomic challenges and the associated structural dynamics, the article calls for revamped reform efforts and a strong commitment to the government’s stated goals in crucial policy documents. The second article “COP 28: A step forward or a missed opportunity in climate action?” discusses the achievements and drawbacks of the recently concluded Conference of the parties’28 (COP 28) was held in the United Arab Emirates. Reflecting on the wide consensus on a global shift from fossil fuel energy and renewed pledge for climate finance, the article points out the lack of enforcement mechanisms of these agreements. The third article, “Progress towards nutrition and Bangladesh’s evolving challenges”, discusses in details the Bangladesh government’s National Plan for Action of Nutrition-2. Exploring the provisions and targets of the policy, the article identifies budgetary constraints, prevalence of early marriage and disproportionate and inequitable distribution of resources at the local level as the prime challenges for the implementation of the policy. The fourth article, “Bridging Divides: Inequality in Bangladesh” explores the dimensions of the widening wealth and income inequality in Bangladesh. An inefficient fiscal policy, regional disparities in budgetary allocation, lack of an effective minimum wage policy and widening gap between public and private sector services are some of the key factors that is escalating inequality, the article argues. The fourth page of the issue covers the events in December 2023. We go into the new year with renewed hopes and aspirations for inclusive development and climate justice. Thinking Aloud remains committed to bringing out new ideas and analyses of contemporary economic challenges and sustainable solutions. With that note, we wish all our readers a very happy new year!