Recent events in Bangladesh, including a military-backed regime change and desperate pleas for $6.5 billion in international bailouts, have raised concerns about the country’s future. The fall of Prime Minister Sheikh Hasina’s government has also sparked a troubling resurgence of radical Islamism and attacks on religious minorities.
Just a few years ago, Bangladesh was on track for rapid economic growth. However, the current situation paints a different picture. The country is now scrambling for financial support, with requests for billions in bailouts from the International Monetary Fund, World Bank, Asian Development Bank, and Japan International Cooperation Agency.
This turn of events highlights the unraveling of Bangladesh’s economic success story and points to potential challenges ahead. As the world watches, the future direction of the eighth most-populous country remains uncertain and fraught with risks.
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