Yearbook 2011
Bangladesh. Heavy price falls on the Dhaka stock exchange at the beginning of the year triggered rallies as thousands of small savers saw their investments shrink. In 2010, the stock exchange’s index had risen by 80% and the downturn was seen as a correction of inflated values. The stock market collapse was partly caused by the central bank tightening the requirement for banks’ capital adequacy ratio by half a percentage point to reduce cash flow and curb inflation. Visit ABBREVIATIONFINDER for the acronym of BGD that stands for the country of Bangladesh.
It also stormed during the year around Muhammad Yunus, founder of Grameen Bank and in 2006, together with the bank, was awarded the Nobel Peace Prize for helping tens of thousands of Bangladeshi women start small businesses with the help of so-called microcredit. According to Countryaah official site, Yunus was indicted in a Norwegian documentary film for illegally bringing in over $ 96 million in Norwegian aid from the partially state-owned bank to other parts of the Grameen group. On order from the central bank, Yunus was also dismissed from his post as CEO of Grameen Bank on the grounds that he had his mandate renewed in 2000 without the government’s consent.
From both the Norwegian aid agency Norad and a Bangladeshi investigation, Yunus was released from the crime suspects, but the dismissal was decided by the Supreme Court. There were suspicions of a political vendetta against Yunus, who has been in delo with Prime Minister Hasina Wajed since he considered starting a new opposition party in 2007.
In the judiciary, the aftermath of the uprising continued in 2009, when revolting soldiers in a border security organization killed 74 officers. A total of over 2,000 soldiers had been sentenced to prison for up to seven years during the year, but more than 3,000 were still waiting to be tried.
In the country’s special court for war crimes, the first charges were brought during the autumn. The first case concerned a member of the Jamaat-e-Islami party who was charged on 20 counts for, among other things. genocide and crimes against humanity during the independence war against Pakistan in 1971. In the fall, Bangladesh and India decided to dissolve a total of 162 small enclaves found on the lands of the countries in the border regions, 111 Indian earthquakes in Bangladesh and 51 Bangladeshi in India. A total of just over 50,000 people have lived in miserable conditions without access to electricity or water or social services. Now, the areas are incorporated in surrounding countries and the residents are allowed to choose citizenship. The enclaves arose through land disputes several hundred years ago.
In November, the Russian Federation agreed to build two nuclear reactors each of 1,000 megawatts north of Dhaka. The plant would be ready by 2018. The Russian Federation is responsible for nuclear fuel all the way from delivery to final storage.
Physical characteristics
The territory of Bangladesh corresponds for the most part to the vast delta system of the Ganges-Brahmaputra; to the SE of this, it also includes a narrow hilly region. Four fifths of the surface has an altitude of less than 50 m asl, which severely exposes the country to recurrent hydraulic paroxysms of both meteoric (storms, typhoons), both fluvial (floods), and marine (exceptional tides or sporadic events such as the disastrous tsunami that originated in the Bay of Bengal in December 2004).
The northern section, a softly undulating lowland (Barind), coincides with the confluence area between the Ganges and Jamuna-Brahmaputra and is crossed by numerous other rivers; among these, the most important is the Meghna (not to be confused with the other river of the same name which forms the easternmost mouth of the delta). The southern region (East Bengal) corresponds to the active delta and is in fact an amphibious region. Especially in the western section of the delta (Sundarbans), the mangrove forest occupies the coast and penetrates inland for many kilometers. In the whole delta area and in the one immediately upstream, the soils are alluvial and recent, more or less consolidated. To the SE of the delta rise the hilly alignments of Chittagong (over 600 m), offshoots of the Indochinese Arakan chain.
- The climate is typically hot monsoon: Bangladesh (crossed by the Tropic of Cancer, located at the summit of the Bay of Bengal and immediately downstream of the pre-Himalayan reliefs, which condense the humidity of the summer monsoon) during the seven months (April-October) of the rainy season receives between 1500 and 2700 mm of precipitation, as well as the runoff of enormous masses of water from the Indian reliefs. Running waters carry large quantities of silt, which is partly deposited on the agricultural land of the delta area and contributes to increasing the size of the delta itself. The average temperatures, without differences between the various regions, in January are around 20 ° C and in May-June they exceed 30 ° C.
- The rain forest evergreen is virtually spread everywhere, although to a large extent has been demolished to make way for crops, and parts are utilized almost exclusively the hills of Chittagong.