IMF Predicts Land Loss and Food Production Decline in Bangladesh by 2050
What happened
The International Monetary Fund predicts that rising seas could eliminate more than one-seventh of Bangladesh’s land area and nearly one-third of its food production by 2050. The report also notes that as environmental pressures drive people from their homes, climate migration is increasing, often leading to informal settlements in secondary cities that lack adequate services and stable livelihoods.
From mongabay.com
Why it matters
The predicted land loss and decline in food production create significant economic risk for Bangladesh. Furthermore, the lack of policy implementation in secondary cities to accommodate climate-displaced people could create new forms of vulnerability for migrants.
The Centre for Policy Dialogue has been investigating agricultural losses within Bangladesh.
From mongabay.com
Who's involved
- International Monetary FundInternational financial institution that issued the prediction regarding land loss.
- BangladeshCountry facing predicted land loss and subsequent decline in food production.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- RICESpeculative
RICE might face reduced revenue or supply capacity due to the predicted decline in food production.
- Bangladesh BankSpeculative
Bangladesh Bank could face challenges controlling macroeconomic instability and inflation due to food and land decline.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Climate change could reduce National Board of Revenue's tax baseThe National Board of Revenue may face reduced revenue due to climate-driven economic instabilityPossible
- Climate crisis in Bangladesh may force World Bank to reassess aidWorld Bank may need to adjust development priorities due to climate crisis in Bangladesh.Possible
- Climate change may reduce RICE's supply capacity in BangladeshRICE may face reduced supply capacity due to predicted food production decline in BangladeshPossible
- Bangladesh Bank may struggle with inflation amid land loss predictionsBangladesh Bank may face challenges controlling inflation amid predicted land and food declinePossible
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The entities involved
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International Monetary Fund
international financial institution
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Bangladesh
country in South Asia
Related events
- IMF director discussed Africa's economic outlook, noting potential agricultural impacts from El Nino.
- IMF projects economic resilience and growth for India.
- The IMF projects economic resilience and growth for Asia, including China.
- The IMF downgraded the economic outlook for Iran and highlighted risks facing economies across Central Asia.
- IMF reported Bangladesh's GDP higher than India's, alongside political turmoil and undocumented migrant settlement in India.