Thursday, 28 September, 2023

IFPRI, BIMSTEC collaborate on economic analysis training

  • Staff Correspondent
  • 20 July, 2023 12:00 AM
  • Print news
IFPRI, BIMSTEC collaborate on economic analysis training

Popular News

The International Food Policy Research Institute (IFPRI) organised a three-day training programme on economic analysis in Dhaka.

The Bill & Melinda Gates Foundation (BMGF) funded the programme through its project on Regional Trade and Agricultural Transformation in the Bay of Bengal Countries, said a press release of IFPRI.

The training is being held at the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) secretariat at Gulshan from July 18 to 20.

 The training marks a significant milestone following the Memorandum of Understanding (MoU) signed between IFPRI

and BIMSTEC for collaborative research, capacity strengthening and policy engagement.

The comprehensive training programme involved the participation of lead specialists from BIMSTEC's priority sectors of Trade, Investment and Development, Environment and Climate Change, Security, Agriculture and Food Security, People-to-People Contact, Science, Technology, and Innovation, Connectivity and researchers and analysts from leading universities and think tanks based in Bangladesh.

"Economic analysis has become increasingly vital in today's complex and interconnected world. It provides a systematic framework to assess the potential impacts of policies, programmes, and interventions on various sectors of the economy,” said Tun Lynn Aung, Director of Agriculture & Food Security Division, BIMSTEC Secretariat.

Dr. Devesh Roy, Senior Research Fellow of IFPRI, said, "Agri-food trade being somewhat different from trade in manufacturing and services is a misconception and misplaced in current times.”

He said, “The same forces that drive trade in industrial products impinge on agri-food trade with product differentiation and value chain integration.”

“The changing nature of linked trade at all levels, domestic, international, regional, and global, in times of Global Value Chains (GVC) requires the analytical capacity to understand the fast-changing dynamics for formulating policies,” he added.

Dr. Mamata Pradhan, Research Coordinator of IFPRI, said that BIMSTEC overarching framework for regional and national development efforts called for the promotion of analytical capacity to understand the possibilities in BIMSTEC.