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Showing posts with the label IMF austerity

Durbikkho by Design? The Silent Descent into Economic Hunger in Bangladesh

 As Bangladesh’s interim government pushes forward with IMF-driven reforms, a quiet but deadly crisis is unfolding—not through natural disaster, but through policies that increasingly feel like economic suffocation for the majority. The fear is no longer abstract. It’s visible in market stalls, in electricity bills, in gas stations, and in the eyes of a population watching their daily survival slip further from reach. 🇧🇩 From Subsidy Cuts to Soaring Prices The promise of "reforms" has come with a high cost. Since accepting the $4.7 billion IMF loan, the government has committed to: Floating the exchange rate , pushing the dollar to nearly Tk 124+ in the open market. Removing subsidies on essentials like fuel, fertilizer, and electricity. Raising interest rates to battle inflation—which ironically only makes borrowing, investing, and surviving harder. While these steps may please international lenders, they are crushing the average Bangladeshi. Inflation hov...