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Bangladesh FM warns on China’s BRI loans

China had committed to invest $40 billion in various infrastructure projects and joint ventures under the BRI in 2016 during Chinese President Xi Jinping’s visit to Bangladesh….reports Asian Lite News

Bangladesh Finance Minister AHM Mustafa Kamal has come out openly warning countries to be watchful of Chinese loans which are directed through the Belt and Road Initiative (BRI). Interestingly, Chinas Foreign Minister Wang Yi just wound up his Dhaka trip on Sunday.

Dhaka is currently negotiating with the International Monetary Fund for a financial assistance package. It has also sought budgetary support from the Japan International Cooperation Agency (JICA). However, China has been fast expanding its presence in Bangladesh as well.

China had committed to invest $40 billion in various infrastructure projects and joint ventures under the BRI in 2016 during Chinese President Xi Jinping’s visit to Bangladesh.

“Authorities in Bangladesh are well aware of the fact that Chinese loans could land them in a bigger trouble but there is a need for infrastructure development and mostly the terms and conditions of the deals are not tilted too much in favour of the Chinese.. we have seen what has happened to Sri Lanka. Beijing’s loans are driven by their own interests and countries need to understand that.. There is a growing trust deficit with China,” a Dhaka based analyst told India Narrative.

Bangladesh’s foreign exchange reserves have been depleting rapidly. Its foreign exchange reserves stood at $39.48 billion as of July 27 compared to $45.7 billion a year earlier.

Sri Lanka, which had been heavily dependent on Chinese assistance for supporting its economy, has officially declared bankruptcy. The Sri Lankan economic crisis has led to growing concerns across the world, especially for the countries which have received big ticket loans from Beijing.

“Everyone blames China. China cannot disagree. It’s their responsibility,” the New York Daily Paper quoted Kamal as saying. He also added that China too on its part must do a thorough analysis of the project for which it is lending.

An Observer Research Foundation report said that ever since Sri Lanka plunged into a full-fledged economic crisis, China — the island state’s largest bilateral creditor and trade partner — has provided it with humanitarian assistance of a mere $74 million. China is also yet to decide on Sri Lanka’s request for loan restructuring and additional financial aid worth $4 billion, the report added.

Wang Yi, after winding up his Dhaka visit said that the China-Bangladesh relations were “founded on the basis of profound mutual trust of the elder generations of national leaders of the two countries, on the basis of jointly striving for national independence and dignity, and on the basis of jointly safeguarding legitimate interests of developing countries.” He also thanked Dhaka for adhering to the One China policy.

(The content is being carried under an arrangement with indianarrative.com)

ALSO READ: India, Bangladesh discuss boosting defence ties

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India, Bangladesh discuss boosting defence ties


Lieutenant General Waker-Uz-Zaman was in India as the head of a 15-member Bangladeshi armed forces to attend the 4th Annual Defence Dialogue and 2nd Tri-Services Staff Talks….reports Asian Lite News

As part of ongoing efforts to strengthen bilateral defence cooperation between the two countries, Principal Staff Officer, Armed Forces Division of Bangladesh Lieutenant General Waker-Uz-Zaman, met with Indian

and Indian Navy Chief Admiral R Hari Kumar in New Delhi on Wednesday.

The official Twitter account of the Additional Directorate General of Public Information, IHQ of the MoD (Army), tweeted about it, saying, “Lieutenant General Waker-Uz-Zaman, Principal Staff Officer, Armed Forces Division, #Bangladesh called on General Manoj Pande #COAS and discussed ways to enhance the bilateral #DefenceCooperation between both Nations. #IndiaBangladeshFriendship”.

“Lt Gen Waker-Uz-Zaman, Principal Staff Officer, Armed Forces Division, #Bangladesh on an official visit to India called on Adm R Hari Kumar, #CNS. Reaffirmed commitment to strengthening multi-disciplinary bilateral engagements & shared responsibilities towards #maritimesecurity,” the Indian Navy tweeted.

Lieutenant General Waker-Uz-Zaman was in India as the head of a 15-member Bangladeshi armed forces to attend the 4th Annual Defence Dialogue and 2nd Tri-Services Staff Talks.

India and Bangladesh, meanwhile, reiterated their commitment to strengthening bilateral military ties at the 2nd India-Bangladesh Tri-services Staff Talks (TSST) held in New Delhi on Wednesday.

Brigadier General Husain Muhammad Rahaman, Director General Operation and Plan Directorate, Armed Force Division from Bangladesh, and Brigadier General Vivek Narang, Deputy Assistant Chief of Integrated Staff, IDC(A), HQ Integrated Defence Staff (IDS), co-chaired the meeting.

“The discussions focused on the ongoing and new initiatives taken under the ambit of the existing bilateral defence cooperation mechanism of all three services and further strengthened the bilateral defence engagements,” said a press release issued by the Ministry of Defence.

Before arriving in New Delhi, the delegation visited various defence industries in Bangalore.

“They witnessed the capabilities of Hindustan Aeronautics Limited, Bharat Electronics Limited, Tata Advanced Systems Limited and Big Bang Boom Solutions before departing for Delhi,” the Indian High Commission in Bangladesh said on Twitter.

The TSST is a platform created to strengthen defence cooperation between the two countries via routine discussions at the strategic and operational levels between HQ IDS and Bangladesh Armed Forces Division.

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BNP says it will take battle to streets

AL Chief Sheikh Hasina has asked her party leaders and workers to fight against any such conspiracies to create unrest and trouble in the country …reports Sumi Khan

A fresh controversial row has erupted after a top Bangladesh Nationalist Party (BNP) leader told his followers that his party was preparing for violent street protests to oust the ruling Awami League (AL) government led by Bangladesh Prime Minister Sheikh Hasina rather than fight it politically in elections.

“By all means we should not face election — we do find the latest move by the Election Commission to reach out to us satisfactory but we won’t fight any election,” said prominent BNP leader Mirza Abbas.

However, AL Chief Sheikh Hasina has asked her party leaders and workers to fight against any such conspiracies to create unrest and trouble in the country such as BNP -Jamaat’s targeted bombing on public buses and attack on law enforcers back in 2013 when the party boycotted the election and later carried out such violent attacks both to foil the war crimes’ trial and bring down the Hasina-led government.

These threats from prominent BNP leaders comes within a month following an earlier warning by BNP’s Volunteer Wing Secretary, who threatened Bangladesh Prime Minister Sheikh Hasina with “a repeat of 1975,” referring to the massacre of her entire family in a military coup at that time.

Such repeated threats by the BNP have compelled the Bangladesh Home Ministry to take a serious view because the month of August evokes grim memories of the 1975 coup that killed the whole family of Bangabandhu Sheikh Mujibur Rahman, the founder of the country and ‘Father of the Nation’.

Sheikh Mujibur Rahman’s daughters Sheikh Hasina and Sheikh Rehana survived the attack as they were protected by the then Indian Prime Minister Indira Gandhi.

Amid the failure of killing the entire Bangabandhu’s family, on August 21, 2004, a grenade attack nearly killed Hasina. However, nearly 30 AL workers, including some top leaders died.

BNP leader Tarique Rahman, then in power in 2004, stands convicted by the court after a long judicial process, as the mastermind of the plot to kill Hasina in direct collaboration with radical elements.

Jamaat-e-Islami, a militant outfit and a key ally of BNP, has been ramping up efforts to reach out grassroots through formation of village unit committees.

Tarique and his mother Khaleda Zia have lived up to the legacy of her late husband, General Zia-ur-Rahman, Bangladesh’s first military ruler, who turned the clock back on the country’s “unfinished revolution” by setting in motion a process of ‘re-Pakistanisation’, which culminated in his successor General H.M. Ershad declaring Islam as the state religion of Bangladesh, says Bangladesh watcher Sukhoranjan Dasgupta,

He mentioned that Sheikh Hasina carries forward her father Bangabandhu’s legacy of national liberation and the dream of ‘Sonar Bangla’ (Golden Bengal). This is the legacy of the fight for independence from Pakistan amid the worst genocide in South Asia, Dasgupta said.

BNP Secretary General Mirza Fakhrul Islam Alamgir directed his party leaders and activists to “hit the streets to overthrow the Sheikh Hasina-led government”.

“Sit on the streets and oust this government.” Fakhrul said that while addressing a protest rally before the National Press Club on Tuesday afternoon.

In continuous threat to boycott election, the BNP Secretary General announced this.

ALSO READ: Rohingya repatriation: China vows to help Bangladesh

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Rohingya repatriation: China vows to help Bangladesh

Bangladeshi Foreign Minister AK Abdul Momen told a news conference he had met with his Chinese counterpart Wang Yi in Dhaka on Sunday…reports Asian Lite News

Beijing has assured Dhaka of assistance for the repatriation of hundreds of thousands of Rohingya Muslims living in Bangladeshi camps after fleeing violent persecution in Myanmar, with China constructing some 3,000 homes to accommodate returnees.

Bangladesh has been hosting more than 1 million Rohingya Muslims, reports dpa news agency.

Some 750,000 people crossed the border after Myanmar launched a military crackdown on the minority group in 2017.

Bangladeshi Foreign Minister AK Abdul Momen told a news conference he had met with his Chinese counterpart Wang Yi in Dhaka on Sunday.

Momen said the Chinese minister informed the meeting that his country had already constructed 3,000 homes in Myanmar’s Rakhine state for the prospective returnees.

“China will also arrange initial food support for them once (the refugees) are returned,” Momen said.

“We must thank (China) that they agreed to do that,” the Minister said, adding that verification of the identity of the refugees was underway.

Myanmar has so far checked identity of some 58,000 people as Bangladesh sent biometric data of more than 800,000 refugees living in the camps located in the south-eastern district of Cox’s Bazar, according to officials.

Yi, who arrived in Dhaka on a two-day visit on Saturday, was not present at the news briefing as he had left Dhaka for Ulaanbaatar soon after the meeting on Sunday.

“China has progressed on resolving the Rohingya crisis and we need the situation to come to an end,” said Bangladesh’s State Minister for Foreign Affairs Shahriar Alam.

After repatriation efforts failed twice in 2019, China facilitated a meeting with Bangladesh and Myanmar to find a breakthrough in January 2021.

Negotiations were halted for more than a year due to the Covid-19 pandemic.

Repatriation attempts failed amid the refugee’s lack of trust in the Myanmar government.

ALSO READ: UK donates 1 mn more doses to Bangladesh

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Conspiracy being hatched to oust me: Hasina

The Prime Minister further said that the people of Bangladesh would have to suffer if the evil forces grab the power, which has been proven 21 years ago…reports Sumi Khan

Bangladesh Prime Minister Sheikh Hasina has said that conspiracy to oust her from power has been intensified.

The premier made the remark while the newly elected board members of Bangladesh Red Crescent Society paid a courtesy call on her at Hasina’s official residence Gono Bhaban in the capital.

Adding that she knows the conspirators who are plotting against the Awami League (AL) government, she said, “I know who are involved in this conspiracy and what they are doing. I know them very well.”

The Prime Minister further said that the people of Bangladesh would have to suffer if the evil forces grab the power, which has been proven 21 years ago.

“It was a big struggle for a daughter, who had lost most of the family members all of a sudden, on the night of 15 August, 1975. And it was a big defeat of the evil forces, that Sheikh Hasina, daughter of Bangabondhu Sheikh Mujibar Rahman would take the helm of the party when it was in disarray after the murder of its supreme leader,” the Prime Minister added.

Hasina also said, the evil forces, behind the assassination of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman and most of her family members, are against the progress and peaceful Bangladesh led by a member of Bangabandhu’s family. “Conspiracies were hatched before the national elections in 2014 and 2018. Plotters are becoming active again to oust me.”

“The killers were indemnified by BNP founder, the military dictator Ziaur Rahman. They were rehabilitated through awarding jobs at foreign missions. Even the post-75 governments paved ways for the killers to run politics and rehabilitated them socially,” she asserted.

ALSO READ: Indian Army Chief visits Bangladesh

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Bangla Economy On Fast Track

The Sri Lanka crisis won’t replicate in Bangladesh because the country is armed with a forex reserve of over $40 billion. To protect the poor, Prime Minister Sheikh Hasina has promulgated several schemes to provide food for the poor and pensions for the old and widows. To spread the light of education, textbooks and study materials are distributed free of cost to primary to secondary school students on the first day of the academic year. Sheikh Mujibur Rahman freed the Bengali nation from the shackles of subjugation. Bangabandhu’s Sonar Bangla dream will be fulfilled by Sheikh Hasina … writes Matiar Chowdhury

Father of the Nation Bangabandhu Sheikh Mujibur Rahman freed the Bengali nation from the shackles of subjugation. His daughter Sheikh Hasina is working tirelessly to build Bangabandhu’s dream of Sonar Bangla. Bangabandhu spent most of his life in prison for the sake of the country and the nation, he wanted an independent sovereign non-communal Bangladesh. So in 1971, the people of the country responded to his call and jumped into the liberation war. Nine months of bloody war, the sacrifice of three million martyrs and the freedom gained.

Bangabandhu dreamed of a prosperous Golden Bengal. When he was freed from Pakistani prison and took charge of running the country, the coffers of the country were empty. Pakistanis drain the country till its last drop. During 1972-1975, Sheikh Mujib took the country forward a long way. But the forces of evil have another agenda to derail the country’s progress. On August 15, 1975, the father of the nation was killed along with his family. The progress of the country was stopped.

Anti-independence activists want to take the country back to Pakistani ideology. National slogans were changed, and communal groups emerged. It has been a long 21 years of trying to bring the country back to the Pakistani way of thinking. The Ziaur Rahman Indemnity Ordinance stopped the trial of Bangabandhu’s murder in Jarikere, and the national flag of the country was handed over to the anti-independence Rajakars by repatriation. Bangabandhu’s murderers were rewarded with jobs in various embassies. Prosecution of war criminals was stopped.

In 1975, Sheikh Hasina survived because she was out of the country. God has kept Sheikh Hasina alive to fulfil the dream of the father of the nation. When she returned to the country, there was hope in the minds of the common people. Attempts have been made to kill her 99 times since she returned to the country. She miraculously survived each time. In 2004, during the then Jamaat-BNP four-party coalition government, a grenade attack was carried out on her with the government’s direct support.

Militants appeared in the country with the help of the government during the four-party coalition government. Afghan returnee militants formed numerous terror organisations in the country, such as Ansarullah Bangla Team, and JMB.

Prime Minister Sheikh Hasina, with her son Sajeeb Wazed and daughter Saima Wazed, taking selfie at the recently built Padma Bridge. (Photo Awami League)

Since 2008, after Sheikh Hasina assumed power, the face of the country has changed. First, she took the initiative of de-militancy, her policy of zero tolerance to suppress militancy. The development of the country started happening. The country’s GDP continues to grow. While developing countries are struggling, Bangladesh’s GDP is 6.7%. Its diplomatic relations with every country in the world are strengthened. When she overcame all obstacles and took up development projects and mega projects one after the other, the opposition continued to spread negative stories.

Currently, the foreign exchange reserves are more than $40 billion. The government has launched several welfare schemes. There are special schemes to provide food for the poor; pensions for widows and old age people. To spread the light of education, books are distributed free of cost from primary to secondary school on the first day of the year. So that no one remains homeless and sheltered, paved houses with land are introduced across the country. This year two lakh families were given houses in the country. Women are enjoying equal rights in every sector under this special project of empowering women. The country continues to develop even during Covid-19.

Sheikh Hasina has ensured the freedom of the press. She guaranteed 100% electricity in the country. When Pakistan and Sri Lanka withered under the pressure of global economic conditions, Bangladesh ensure normalcy at gas stations. The foreign trade broke records.

Pic credits @MoPEMR

Bangladesh’s exports increased by more than 34% to $52.08 billion in the fiscal year 2021–2022 (July 2021-June 2022). The Export Promotion Bureau (EPB), which is part of the Ministry of Commerce, revealed that Bangladesh had the greatest export earnings for the fiscal year 2021–2022, with strong income growth in the last months. “In the 2021-22 fiscal year, exports reached $52,082.66 million, setting a new record,” said the EPB.

 The nation’s entire export earnings in the previous fiscal year exceeded the objective of $43.50 billion with June’s export earnings of $4.91 billion, an increase of 37.19% over the same month a year prior. In the fiscal year 2020–21 (July 2020–June 2021), Bangladesh’s export revenue was estimated at $38.76 billion. As usual, the demand for ready-made clothing was mostly responsible for the growth in the 2021–22 fiscal year.

When the country is witnessing Sheikh Hasina overcoming all the obstacles and launching new development programs after another, some anti-national elements are engaged in misinformation. Bangladeshis are mature enough to ignore these negative campaigns against one of the most powerful politicians in the subcontinent. Bangladesh is back on track to becoming an Asian giant and nothing can stop that progress.

ALSO READ: The Golden Era of Bangladesh

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Hasina rules out forex woes

The Prime Minister said that despite having enough foreign exchange reserves, the government will have to take steps to grow more crops in order to save the foreign currencies…reports Asian Lite News

remarks came amid local media reports that Bangladesh has sent a formal request for loan to the International Monetary Fund (IMF) in efforts to combat the ongoing financial volatility.

Bangladesh Prime Minister Sheikh Hasina said her country would be able to meet 6-9 months of import expenditures with the existing foreign currency reserves.

“We have money in our hands to import food grains and others (essential items) for at least three months during any crisis. We’ll be able to import food for six to nine months, not for only three months, with the reserve that we have now,” Xinhua news agency quoted the premier as saying on Wednesday while addressing a virtual event.

The Prime Minister said that despite having enough foreign exchange reserves, the government will have to take steps to grow more crops in order to save the foreign currencies and keep the forex reserves for any emergency.

Her remarks came amid local media reports that Bangladesh has sent a formal request for loan to the International Monetary Fund (IMF) in efforts to combat the ongoing financial volatility.

The exchange rate of the US dollar in the country’s kerb market hit a record of 112 Bangladeshi takas on Tuesday.

Bangladesh’s foreign exchange reserves on July 13 fell to below $40 billion for the first time in two years, due largely to higher import bills and the taka’s weakness driven by the dollar’s broad surge in recent months.

The country’s forex reserves surpassed the $48 billion mark in August last year, the highest ever in history, due to a slowdown in imports and rising remittance and export earnings during the Covid-19 pandemic.

In its bid to boost shrinking forex reserves, the Bangladesh Bank (BB) in recent months has taken various measures including relaxing rules to woo more remittances from millions of Bangladeshi nationals living and working abroad.

The central bank has said the main objective of the latest half-year monetary policy is to “pursue a cautious policy stance with a tightening bias to contain inflation and exchange rate pressures while supporting the economic recovery process”.

ALSO READ: Indian Army Chief visits Bangladesh

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Fresh row between Dhaka, Islamabad over distorted image of B’desh flag

Pakistan High Commission uploaded a merged image of Bangladesh and Pakistan flags as the cover photo in their FB page…reports Asian Lite News

Bangladesh’s Ministry of Foreign Affairs has asked the Pakistan High Commission in Dhaka to remove the distorted image of Bangladesh flag from its Facebook page.

The Ministry’s directive on Saturday came after the High Commission uploaded a merged image of Bangladesh and Pakistan flags as the cover photo of their official Facebook page last week.

Since then, the incident drew widespread criticism on the social media platform Facebook.

Later, the PHigh Commission closed the comments option of the post.

Groups like the ‘Bangladesh Muktijuddho Mancha’ and the �Ekattorer Ghatak Dalal Nirmul Committee’ strongly condemned and protested against the High Commission for humiliating the national flag of Bangladesh.

ALSO READ: Indian Army Chief visits Bangladesh

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The Golden Era

Bangladesh has successfully graduated from a low-income country; crossed the final stage for transition to developing countries from the list of least developed countries, writes Priyajit Debsarkar

In the year 2022, Bangladesh has celebrated her 51st Independence Day since it broke away from the idea of the two nation failed theory. The creation of both East and West Pakistan in 1947, started to show cracks as early as in the 1950s when imposition of Urdu language on the maximum majority of Bengali speakers sowed the first seeds of dissent.

Sheikh Mujubir Rahman, later given the title of Bangabandhu (Friend of Bengal) along with the Mukti Bahini fought a gruesome 9 month old bloody battle to create what is today’s Bangladesh. The barbaric murderous regime of the West Pakistani establishment predominantly which was Punjabi in nature had left no stone unturned in order to wipe out the very existence of the Bengali cultural identity. However, they failed miserably as the two nation theory was buried in the bottom of the bay of bengal forever on December 16, 1971.

Under the leadership of Hon’ble Prime Minister Sheikh Hasina, daughter of Bangabandhu, Bangladesh has been passing through an incredible golden era since 2009. Bangladesh has become a confluence of peace, progress, and harmony. The success story on development is being written one after the other. Today, Bangladesh is setting example for other countries to emulate for exemplary development.

In the last 13 years, the average GDP growth has been 6.6 per cent, above 7 per cent in FY2016-2017, FY2017-2018, and FY2018-2019 and exceeded 8 per cent in FY2018-2019. Even during the COVID-19 pandemic, the GDP growth in FY2020-2021 is at a remarkable 6.94 per cent.

The average growth rate achieved during the Sixth Five-Year Plan period was 6.3 percent and that increased to 7.6 per cent during the Seventh Five-Year Plan period. Eighth Five-Year Plan (2021-2025), the Perspective Plan (2021-2041) and the Delta Plan-2100 has already been formulated and their implementation is underway.

The size of GDP has exceeded BD Tk. 39 lakh crore from BD Tk. 4 lakh 72 thousand 338 crore. Per capita income has increased from US$ 543 in FY2005-2006 to US$ 2,824. Inflation is well within 5 to 6 per cent. The poverty rate has declined from 41.5 per cent to 20.5 percent, and the extreme poverty rate has fallen to 10.5 per cent. Foreign exchange reserves touched a record US$ 48 billion (on August 23, 2021) [Now it is around US$40 billion. The size of the budget has increased by eleven times compared to that of FY2005-2006 and the allocation for the social safety net programmes has grown from BD Tk. 2 thousand 505 crore to around BD Tk. 1 lakh crore.

The power generation capacity has increased from 4,900 MW to 25,566 MW. Under the programme, Sheikh Hasina’s initiative – ‘electricity in every house’, 100 per cent of the population of Bangladesh has been brought under the coverage of electricity.

With the final settlement of legal disputes over maritime boundaries with Myanmar and India, Bangladesh has acquired ownership of 1,18,813 square kilometres in its territorial waters, including exclusive economic zones and continental shelves, in the Bay of Bengal. To take advantage of this open right to extract the blue waters of the sea and its resources, the strategy of Blue Economy has been adopted in the Perspective Plan 2041.

Bangladesh has successfully graduated from a low-income country; crossed the final stage for transition to developing countries from the list of least developed countries.

The commitment made in the ‘Vision 2021’ to increase food production, alleviate food shortages and make the country self-sufficient in food production has already been achieved thanks to various effective measures taken by the government.

The dream of Digital Bangladesh has become a reality. With the setting up of Union Digital Centres in 4,550 Union Councils, laying of optical fibres at the bottom of the deep sea. The launching of Bangabandhu satellite in space, the launching of mobile banking activities. The launch of the Bangabandhu-1 satellite has made it easier to provide internet services. About 17 crore mobile phones are currently in use in the country.

The maternity mortality rate has reduced from 348 per lakh live birth in 2005 to 165 currently and the under-five mortality rate has come down from 68 in 2005 to 28 in 2019 per thousand live births. The presence of skilled health workers during childbirth has increased from 15.6 per cent in 2004 to 59 percent in 2019.

Bangladesh has begun implementation of a large number of mega-projects is in the country. The Padma Bridge has been inaugurated and is expected to give a huge boost to the economy.

The Metro Rail, Karnafuli Tunnel, and elevated expressway from Dhaka Airport to Kutubkhali near Jatrabari will be opened soon. Completion of several other major projects, including PayraSeaport, Matarbari Deep Seaport, Rampal Power Station will add a new dimension to the progress of the country.

It is to be noted here that unlike the Sri Lankan debt trap and a corrupt regime which has spiralled the downfall of the country. Bangladesh is on a much secure footing and obviously the post pandemic shock waves will be felt however the country has resilience to absorb and overcome in due course.

Bangladesh is now the 41st largest economy in the world. According to the Centre for Economic and Business Research (CEBR), a British economic research organisation, Bangladesh will become the 25th largest economy in the world by 2035 if economic growth continues.

According to the ERD (entry relationships), the government repaid US$1.91 billion against foreign debts in the 2021 FY. In FY2020, Bangladesh paid $1.73 billion against its MLTs, followed by $1.59 billion in FY2019 and $1.41 billion in FY2018. As of June 2021, Bangladesh’s outstanding foreign loans stood at $50.87 billion, while there is $48 billion more in the pipeline. The ERD data shows that the overall debt repayment would stand at $2.5 in the FY22, $2.7 billion in FY23, $3.28 billion in FY24 and $4.02 billion in FY25.

Bangladesh will have to deal with maximum pressure in FY27, FY28 and FY29 as its debt repayments will reach at least $2.5 billion during the three fiscal years. Such an upward trend will continue till FY33.

The government has succeeded in combating terrorism. In this regard, the government has adopted a zero-tolerance policy. The rate of sabotage in the country has reduced a lot thanks to proper initiatives taken by the law enforcing agencies. The foreign policy introduced by Bangabandhu- “Friendship towards all, malice towards none”- has also been followed by Prime Minister Sheikh Hasina.

Bangladesh is perhaps one of the only shining stars in the region which has endured so much in the past and has limitless potential going forward. Obviously there are deep rooted challenges (some like the global energy crisis due to the Ukraine war). Fracture lines are also present which has to be handled in an appropriate fashion in order to take Bangladesh to the next level in her trajectory of growth, development and prosperity (the golden dream of Bangabandhu).

(Priyajit Debsarkar is an Independent geo political analyst with special interest in the political history of the Indian Subcontinent. Views are personal)

ALSO READ: Indian Army Chief visits Bangladesh

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Indian Army Chief calls on B’desh PM Hasina

Indian Army Chief also visited and interacted with the members of Bangladesh Institute of Peace Support and Operation Training…reports SUMI KHAN

Indian Army Chief General Manoj Pande has called on Bangladesh Prime Minister Sheikh Hasina at her official residence in Dhaka.

He met the Bangladesh Prime Minister on Tuesday.

He visited Defence Service Command & Staff College, Mirpur and delivered a lecture on ‘Security Perspective to student officers and faculty of Armed Forces War Course.

Earlier, he delivered a lecture on India’s security perspective at the Defence Services Command and Staff College, Mirpur, for students of the Armed Forces War Course and officers.

He also visited and interacted with the members of Bangladesh Institute of Peace Support and Operation Training, a premier institute of Bangladesh training peacekeepers for UN peace operations.

ALSO READ: Indian Army Chief visits Bangladesh