Nobel laureate and interim head of Bangladesh’s transitional government, Dr. Muhammad Yunus, has vowed to rebuild the nation after what he describes as a 16-year-long political earthquake under the previous regime.
In an exclusive interview with The Economist, Dr. Yunus stated that the country is “on the right track” following years of political turmoil and that public support remains strong as the government works to restore damaged institutions.
According to the report, Dr. Yunus characterized the prolonged rule of Prime Minister Sheikh Hasina and the Awami League as a form of authoritarianism. He claimed that their removal from power in August 2024 came after massive public protests. Allegations of corruption were rampant, with approximately $16 billion reportedly laundered out of the country annually during the former administration. Charges including murder, abduction, and crimes against humanity have been filed against Hasina, though she has denied all accusations.
Since her departure, Dr. Yunus has initiated sweeping reforms through multiple commissions focusing on electoral integrity, judicial independence, and constitutional restructuring. These bodies are composed of academics, researchers, and policy experts.
All recommendations are being reviewed by a central body known as the National Consensus Commission, which has so far received 166 proposals and input from 35 political parties. The commission is in the process of drafting a foundational policy document, titled the July Charter, intended to pave the way for a new electoral framework and a reimagined Bangladesh.
Ali Riaz, vice-chair of the commission, noted that some meaningful changes have already been achieved, particularly in ensuring judicial appointments are free from political interference. He expressed optimism that a finalized policy could be ready by August.
If political stability holds, national elections may be held as early as December. Dr. Yunus has confirmed that elections will certainly take place by June 2026, although he will not be a candidate.
Despite some stabilization in commodity prices and the banking sector, economic momentum remains sluggish and political unrest persists. A recent survey revealed that 60% of citizens believe law and order has seen little improvement, with frequent street protests continuing to signal public dissatisfaction.
As Bangladesh stands at a political crossroads, Dr. Yunus’s reform-driven leadership offers cautious hope for a democratic revival.
LND/BG
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