Professor Muhammad Yunus is optimistic about securing investments from figures like Trump and Musk for Bangladesh’s recovery. He aims to restore democracy, confront corruption, and address public unrest following Hasina’s departure. However, challenges persist, including pressures for reforms, security issues, and external relations, suggesting a complex political future ahead.

Chief Adviser Professor Muhammad Yunus has expressed optimism regarding attracting investment from notable figures such as former President Donald Trump and entrepreneur Elon Musk for Bangladesh. In an interview with The Guardian, Yunus stated, “Trump’s a dealmaker, so I say to him: come, do deals with us.” He acknowledged that if investment does not materialize, Bangladesh would endure some hardship, yet emphasized that the democratic process would persist.

Yunus has received substantial backing from the Biden administration in the past, though it is anticipated that Trump may not prioritize the restoration of democracy in Bangladesh. The Guardian noted that Bangladesh suffered setbacks due to Trump’s cuts to the U.S. Agency for International Development, which had pledged over $1.0 billion in aid. Additionally, Trump accused the agency of funding efforts related to a radical political agenda in Bangladesh without substantiating his assertions.

In an attempt to foster U.S. investment, Yunus has invited Elon Musk to introduce his Starlink satellite internet initiative to Bangladesh. Reports suggest that Musk is expected to visit the country in April. Concurrently, former Prime Minister Sheikh Hasina has intensified her criticisms of Yunus, referring to him as a “mobster” aiming at destabilization.

Regarding Hasina’s exile following a student-led revolution, Yunus stated that her return to power using India as a base for her political campaign could destabilize the country. The Guardian indicated that Yunus faces additional challenges, as Trump’s potential return to power brings complications for Bangladesh.

After returning to Bangladesh in August, Yunus witnessed a volatile environment marked by the aftermath of violent protests resulting in significant casualties. Since taking up his advisory role, he has undertaken initiatives to prosecute police officers responsible for abuses under Hasina’s regime, leading to the establishment of human rights commissions. He has assured the nation that free and fair elections will take place between December 2023 and March 2026.

Despite Yunus’s respected status, concerns regarding his governance and the pace of reforms have emerged. Political parties, particularly the Bangladesh National Party, are pressing for early elections, while a new student-led party has been established amid unrest. Furthermore, law enforcement agencies are reluctant to resume normal operations due to public discontent and criminal charges.

Concerns about rising crime in Dhaka have led to public protests against officials perceived as ineffective. Prominent political figures, including student leaders, have openly criticized the state of law and order, which they argue will hinder free and fair elections. Military officials have voiced concerns over the current unrest, with Army Chief General Waker-Uz-Zaman warning of potential threats to the country’s sovereignty if divisions persist.

Yunus attributes the current state of chaos to Hasina’s governance, describing her regime as corrupt and detrimental to the nation. High-profile corruption implicates several of Hasina’s family members, including her niece, who has resigned from her position amid scandals. Efforts are underway to recover an estimated $17 billion allegedly siphoned from Bangladeshi banks under her administration.

Furthermore, Yunus faces criticism regarding his handling of hardline Islamic movements gaining ground in Bangladesh. External pressures, particularly concerning Bangladesh’s relations with India, complicate Yunus’s leadership as Hasina remains in hiding. The Guardian reported that India has expressed little interest in improving relations under Yunus, who confirmed that Hasina would face trial for her alleged crimes, even in her absence.

In summary, CA Yunus is aiming to attract significant investments from influential individuals like Trump and Musk to bolster Bangladesh’s economy. His governance approach seeks to restore democracy and address systemic corruption following Hasina’s rule, despite mounting pressure from various political factions and public unrest. The road ahead appears challenging, with skepticism regarding his ability to navigate the complex socio-political landscape and security situation in the country.

Original Source: thefinancialexpress.com.bd

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