Instability Fuels Poverty Surge in Bangladesh | Asian Lite Report Criticizes Yunus Government
Poverty levels in Bangladesh are rising sharply as political instability under the post-Sheikh Hasina interim administration, led by Muhammad Yunus, continues to stall investment and industrial growth, according to a recent Asian Lite report.
‘Monga’ Fear Returns as Seasonal Job Crisis Grips Rangpur’s Farm Workers
Thousands of agricultural workers in the river basin and remote rural areas of the Brahmaputra, Dudhkumar, Ghaghot, Teesta, and Dharla rivers in Rangpur Division are struggling amid a seasonal employment crisis. With two to three weeks still left before the Aman paddy harvesting season begins, day laborers are facing an acute shortage of work. The combined effect of river erosion and lack of employment opportunities has made the situation even more severe.
Trading of Six LR Global Mutual Funds Suspended Indefinitely
Trading of six mutual funds managed by LR Global Bangladesh Asset Management Company has been suspended indefinitely after the Bangladesh Securities and Exchange Commission (BSEC) ordered the removal of the fund manager for allegedly misusing investors’ money.
Bangladesh Taka Falls to Record Low of Tk 122.75 per Dollar
The value of the U.S. dollar has risen again against the Bangladeshi taka. On October 23, the highest selling rate of the dollar across various banks stood at Tk 122.75, up from Tk 122.30 last week. Bank officials said the increase is due to a rise in the number of import LCs being opened, among several other factors.
IMF Freezes Loan: No Confidence in Yunus-Led Unelected Government
The IMF has frozen further disbursement of its $5.5 billion loan to Bangladesh, citing the lack of a democratically elected government under Muhammad Yunus. Economic instability and mistrust grow as international donors step back.
IMF Lowers Bangladesh’s GDP Growth Forecast Again
The International Monetary Fund (IMF) has once again downgraded its forecast for Bangladesh’s economic growth. In its latest World Economic Outlook report published Tuesday (October 14), the organization said that Bangladesh’s gross domestic product (GDP) growth for the fiscal year 2025–26 will be 4.9 percent — lower than its prior projections.