Muhammad Yunus: It has not even been a month since the coup of Sheikh Hasina’s government in Bangladesh and the economic crisis in the country has deepened. Bangladesh is on the verge of bankruptcy. The interim government of the country led by Muhammed Yunus has camped at the doorstep of IMF, World Bank and ADB to get 8 billion dollars of funding.
Help was sought from many places including IMF and World Bank
According to a Hindustan Times report, Bangladesh is facing many crises at the same time. The new government of the country is struggling with these. That is why it is extending its hands for help from everywhere including the International Monetary Fund, World Bank, Japan International Cooperation Agency (JICA) and Asian Development Bank. This economic crisis created by the political revolution is pushing it towards a situation like Pakistan. According to the report, Bangladesh currently has a foreign debt of $ 100 billion. Along with this, it has to make payments of $ 3 billion. Apart from this, the country also has to spend about $ 300 million in flood relief work.
IMF team will visit Dhaka in October for talks
The report claims that an IMF team is going to visit Dhaka in October to hold talks with the interim government. The IMF had given $2.3 billion to the Sheikh Hasina government out of the $4.7 billion package approved in January 2023. Now Mohammad Yunus is asking for about $5 billion more. After the departure of the Sheikh Hasina government in Bangladesh, the ban on Jamaat-e-Islami has been lifted. Attacks on other minorities including Hindus have increased. Now this economic crisis has worsened the condition of Bangladesh trapped in political troubles.
Food inflation breaks 13-year record, shortage is also occurring
In July, the food inflation rate in the country has reached 14 percent. This is the highest figure in 13 years. People are having to pay very high prices for food items. Reports of shortage have also come from many places. Many Indian companies also work in Bangladesh. Their business is also stuck in problems. Along with this, old payments of many companies are also stuck.
Read this also
Android ATM: This machine is not just an ATM, it is a complete branch of a bank! It will do everything from FD to loan
