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Bangladesh launches fresh reform bid

June 2, 2025
in Markets
Bangladesh launches fresh reform bid
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DHAKA: Bangladesh’s caretaker government launched a fresh bid on Monday to seek agreement between rival political parties on critical democratic reforms after a mass uprising last year.

The South Asian nation of around 170 million people has been in political turmoil since former prime minister Sheikh Hasina was ousted by a student-led revolt in August 2024, ending her iron-fisted rule of 15 years.

The National Consensus Commission is headed by Muhammad Yunus, the 84-year-old Nobel Peace Prize winner who is leading the caretaker government as its chief adviser until elections are held.

“Let’s not miss this opportunity”, Yunus said in a speech at the opening as a second round of meetings began. “The remaining differences can be narrowed”.

Bangladesh top court restores Jamaat-e-Islami

Last month the consensus commission said political parties had failed to reach agreement.

Yunus has previously said he inherited a “completely broken down” system of public administration, and said it required a comprehensive overhaul to prevent a future return to authoritarian rule.

He set up six commissions to do that work, overseen by the consensus commission, which he heads.

On May 26, Ali Riaz, the commission’s vice president, said that despite marathon efforts – stretching over 45 sessions with 38 political parties and alliances – they had not reached a deal in the first round.

Several political parties, especially the powerful Bangladesh Nationalist Party (BNP) have demanded an election date be set.

Salahuddin Ahmed, a senior BNP leader, last week said there was growing impatience at the pace of progress made by the reform commission.

“How many times do they want to stage the drama of reforms?” he said. “A first launch, followed by a second… This is nothing but dancing with bananas”.

Contentious issues include whether a prime minister can serve more than two terms, and the process for selecting the president.

Hasina’s rule saw widespread human rights abuses, and her government was accused of politicising courts and the civil service, as well as staging lopsided elections to dismantle democratic checks.

Yunus has said polls could be held as early as December but that holding them later – with the deadline of June 2026 – would give the government more time for reform.

Tags: BangladeshMuhammad Yunus
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