'Sheikh Hasina will come to power in the fourth term'
Bangladesh Prime Minister Sheikh Hasina has maintained the country's economic stability by taking 'timely reform measures' despite the global economic crisis. This is stated in an article published by the International Finance News Agency. Registrar Arun Debnath indicated that Sheikh Hasina's party will be elected for the fourth term in the next general election.
Bangladesh Leader Bets IMF-Mandated Rigor Will Pay Off in Polls Titled Bangladesh Leader Bets IMF-Mandated Rigor Will Pay Off in Polls, government party leaders around the world often hold back on implementing reforms agreed with the International Monetary Fund, fearing defeat at the ballot box. But Bangladesh Prime Minister Sheikh Hasina is not like them. Under his leadership, the South Asian country has turned around through the rapid implementation of the IMF mandate.
But Pakistan is still in trouble with fuel subsidy. Sri Lanka has delayed local municipal elections. Because they raised taxes and interest rates last week to get IMF funding.
According to Bloomberg, Bangladesh was the last of three South Asian countries to seek IMF assistance last July. The country received its first loan approval after a sharp rise in fuel prices. 75-year-old Sheikh Hasina did not hesitate to take this step.
According to the article, Sheikh Hasina is expected to win the fourth consecutive term. Sheikh Hasina is likely to win a fourth consecutive term in the January 2024 national elections not because many of her opponents are in jail or in legal trouble. Rather, it is widely expected because of its success in ensuring economic stability.
The article also suggests that Sheikh Hasina needs to make further reforms to get full IMF funding.
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