Finance
Economic Reforms Bloomberg praises Sheikh Hasina's timely reforms for economic stability
Dhaka, March 30: Globally renowned news agency Bloomberg praised Prime Minister Sheikh Hasina for maintaining the economic stability of the country by taking 'timely reform measures' despite the global economic crisis. At the same time, the government led by her has given a glimpse that she will be elected for the fourth term in the next general election.
The international finance news agency wrote in an article, "She (Sheikh Hasina) is expected to win a fourth consecutive term." At the same time, it was suggested that Sheikh Hasina would have to do more reforms to get full funding. It said that the reason why Sheikh Hasina is likely to win a fourth consecutive term in the January 2024 national elections is not because many of her opponents are in jail or in legal trouble.
Bloomberg published this article titled 'Bangladesh Leader Bets IMF-Mandated Rigor Will Pay Off in Polls' with two subheadings against the background of the South Asian country receiving an International Monetary Fund (IMF) loan for timely reforms to maintain economic stability ahead of the upcoming national elections.
It observed that Sheikh Hasina will have to undertake more reforms to get the full funds. Government party leaders around the world often hold back on implementing reforms agreed with the International Monetary Fund, fearing defeat at the ballot box. Bangladesh Prime Minister Sheikh Hasina is an exception in this case. Her swift implementation of the IMF mandate has turned the South Asian nation around where Pakistan is still reeling from energy subsidies. Sri Lanka has delayed local municipal elections because it raised taxes and interest rates last week to get IMF funding.
Bangladesh was the last of the three South Asian countries to seek IMF assistance last July. The country received its first loan approval after a sharp rise in fuel prices. Seventy-five-year-old Sheikh Hasina did not hesitate to take this step.
