After the recent tumultuous protests that led to the prime minister’s resignation, Bangladesh faces significant economic challenges. The protests caused billions of Taka in economic losses, with factory shutdowns, arson, and disrupted ports. The country’s image and investor confidence have been severely damaged, leading to foreign fund outflows and a major decline in the stock market.
The devaluation of the national currency by 36% since the Russo-Ukraine war and a 50% drop in foreign exchange reserves have compounded the issues. The protests also resulted in an internet shutdown, further isolating the country and stalling economic activities.
To recover, Bangladesh must quickly restore economic activity, regain foreign investor confidence, and break up market manipulation syndicates. Infrastructure loans must be repaid, and special economic zones need to attract foreign firms. Reviving the economy and ensuring stability are now urgent national priorities.
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