Khan's Take

Microcredit is one of Bangladesh’s most widely recognized development innovations. It expanded access to finance for millions of people, particularly women, who were excluded from the formal banking system. For decades, it played a meaningful role in poverty reduction. But Bangladesh today is not the Bangladesh of the 1980s or 1990s. The economy now faces a very different set of risks: persistent inflation, income volatility, repeated climate shocks, and mounting pressure on

COP30 in Belém is not just another annual climate meeting; it is the 32-year report card of the world governance architecture that was conceived at the Rio Earth Summit of 1992. And that is what report card says: delivery has been sporadic, cosmetic and perilously disconnected with the physics of climatic breakdown. The Amazon, which was once regarded in Rio as an ecological miracle of the world, is now on the verge of an irreversible precipice. Even the communities that stru