Economy
Global Refugee Day Today
In recognition of the annual Global Refugee Day, the world stands united in honoring the strength, courage, and unwavering resilience of millions of individuals forced to flee their homes due to conflict, persecution, and violence.
This day serves as a reminder to the international community of the urgent need to address the challenges faced by refugees and to seek inclusive solutions that uphold their rights and dignity.
As the number of forcibly displaced people reaches staggering figures, Global Refugee Day takes on an even greater significance this year. According to the latest report by the United Nations High Commissioner for Refugees (UNHCR), the global displacement figures have reached a record high of over 82 million individuals. Among them, nearly 26.4 million are recognized as refugees, while others are internally displaced or seeking asylum.
The day’s commemoration aims to raise awareness about the profound struggles faced by refugees while emphasizing their resilience, talents, and contributions to society. It provides an opportunity to highlight success stories and initiatives that promote their integration, self-reliance, and empowerment. By doing so, the international community can collectively work towards fostering a more inclusive and compassionate world.
Throughout the day, various events and activities are organized worldwide to bring attention to the refugee crisis. From panel discussions and film screenings to art exhibitions and cultural performances, these events offer platforms for refugees to share their experiences and for individuals to understand the challenges they encounter. Furthermore, governments, non-governmental organizations, and communities come together to advocate for policies that ensure the protection and well-being of refugees.
At the heart of Global Refugee Day lies the pressing need to address the root causes of forced displacement and to find sustainable solutions. Governments and humanitarian organizations must collaborate to prevent conflicts, mitigate their impact, and promote peaceful resolutions. Additionally, concerted efforts are required to tackle the underlying factors, such as poverty, inequality, and human rights abuses, which often drive individuals to flee their homes.
Recognizing that long-term displacement can have a devastating impact on individuals and communities, initiatives aimed at supporting refugees in their host countries are crucial. Access to quality education, healthcare, and livelihood opportunities is vital for refugees to rebuild their lives and contribute positively to their host communities. It is imperative that governments provide robust support systems that facilitate integration and ensure the fulfillment of refugees’ rights.
Global Refugee Day serves as a powerful reminder that refugees are not defined by their displacement but by their resilience and aspirations. Countless refugees have overcome tremendous obstacles to rebuild their lives and make significant contributions in various fields, including education, healthcare, science, art, and entrepreneurship. Their stories of strength and determination inspire others to stand in solidarity and create an environment that embraces diversity and inclusivity.
While Global Refugee Day offers an occasion to reflect and take action, the challenges faced by refugees extend beyond a single day. It demands sustained commitment and collaboration from governments, civil society organizations, and individuals worldwide. By joining forces and addressing the root causes of displacement, supporting refugees in their journey towards self-reliance, and promoting policies that protect their rights, we can create a more compassionate and just world for all.
On this Global Refugee Day, let us reaffirm our commitment to standing with refugees, amplifying their voices, and working towards a future where forced displacement becomes a distant memory. Together, we can build a world that embraces the inherent dignity and potential of every human being, regardless of their background or circumstance.
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In conclusion, Global Refugee Day serves as a poignant reminder that behind the statistics and numbers, there are real people, with hopes, dreams, and stories to share. It is a day to acknowledge the immense resilience and strength demonstrated by refugees worldwide, as they navigate unimaginable challenges in search of safety and a better future. By recognizing their contributions, advocating for their rights, and working towards inclusive solutions, we can create a world where compassion triumphs over adversity, and where every individual, regardless of their origin, finds a place to call home.
Global Refugee Day is a call to action for us all to stand together, united in our commitment to build a more compassionate and inclusive world for refugees and for future generations.
Bangladesh to Host Major Roadshow in the USA to Boost Dollar Deposits
Next Friday, on May 24, Bangladesh will host a significant roadshow in the USA, featuring 30 managing directors from various domestic banks. This event aims to attract dollar deposits in response to recent fluctuations in foreign exchange rates.
A total of 45 officials, including the managing directors of these 30 banks, will travel to the USA for a special promotional program designed to increase US dollar deposits in banks via offshore accounts. This marks the first time such a large gathering of Bangladeshi bank MDs will take place abroad.
Sources indicate that commercial banks are launching special campaigns to boost the flow of dollar deposits. The program will encourage expatriates to send dollars through official banking channels. To this end, a specific event focused on Offshore Banking Fixed Deposits has been organized for expatriates at a hotel in New York.
The Bangladesh Ambassador to the United States, Mohammad Imran, will serve as the chief guest at the event. Other special guests include Muhammad Abdul Muhith, Permanent Representative of Bangladesh to the United Nations in New York; Deputy Governor Kazi Sayedur Rahman; and Md Najmul Huda, Bangladesh Consulate General in New York.
This gathering highlights the increasing interest among Bangladeshi banks in diversifying their foreign currency reserves by exploring opportunities in offshore banking.
As part of this initiative, a promotional event has been organized to encourage Bangladeshis residing in the United States to deposit dollars through offshore banking.
During the eleventh month of the current fiscal year, the country’s foreign currency reserves have fallen below $19 billion for the first time. After paying off some import bills, the reserves have now stood at $18.26 billion on Sunday.
According to the International Monetary Fund (IMF), as of May 8, the total foreign currency reserves of the country were $19.82 billion.
Mohammad Mezbauul Haque, the spokesperson of Bangladesh Bank, informed that through the Asian Clearing Union (ACU), the central bank has paid off import bills totaling $1.63 billion over the past two months.
However, Bangladesh Bank maintains that after paying off the import bills, the foreign currency reserves now stand at $23.71 billion.
According to the Central Bank’s accounts, the reserves were $25.27 billion on May 8.
The Dhaka Stock Exchange (DSE) and the DSE Brokers Association (DBA) have expressed gratitude towards Prime Minister Sheikh Hasina for her directive to list government companies in the capital market, a move hailed as timely and positive.
The directive was issued during the recent meeting of the Executive Committee of the National Economic Council (Ecnec) last Thursday.
Dr. Hafiz Muhammad Hasan Babu, Chairman of DSE, described the directive as a significant step towards enhancing the dynamics of the capital market. He emphasized that besides invigorating the capital market, this move would also attract foreign investment and promote sustainable development.
Despite previous efforts, government institutions had not been listed in the stock exchange, according to a notification issued by the DSE. The Prime Minister’s directive is seen as a pivotal step towards revitalizing and expanding the economy.
Dr. Babu further remarked, “The listing of reputable companies in the capital market, as directed by the Prime Minister, will greatly benefit the country’s economy. It will also enhance investor confidence.”
Similarly, the DBA released a notification applauding the Prime Minister’s directive, terming it as positive and timely for the capital market.
Saiful Islam, President of DBA, expressed optimism about the directive’s potential to accelerate the country’s capital market and overall economy. He pledged support to relevant government departments and regulatory bodies in implementing the directive, ensuring its positive impact on the economy, including the capital market.
