Bloomberg lauds Bangladesh PM for maintaining economic stability | Sunday Observer

Bloomberg lauds Bangladesh PM for maintaining economic stability

9 April, 2023
PM Sheikh Hasina
PM Sheikh Hasina

Bloomberg news agency has praised Prime Minister Sheikh Hasina for her “timely reform steps” to negate impacts of the worldwide economic crisis in Bangladesh and predicted that the initiatives will lead to her government being elected for the fourth straight term in next general elections.

The international finance-based news service also suggested that Sheikh Hasina “needs to push more reforms to receive all funds”.

“Sheikh Hasina is widely expected to win a fourth straight term in national polls expected by January 2024 — not least because many of her opponents are behind bars or ensnared in legal cases.”

Bloomberg published the article against the backdrop of Bangladesh receiving International Monetary Fund (IMF) loans which it attributed to the South Asian country’s timely reforms to maintain economic stability ahead of the next national election.

The article stated that Sheikh Hasina’s victory was expected not merely “because many of her opponents are behind bars or ensnared in legal cases” but due to her success in ensuring economic stability. Sheikh Hasina needs to push more reforms to receive all funds. She is expected to win a fourth straight term in the elections. (Bloomberg)

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