Reassuring global firms that Bangladesh remains open for business is a top priority of the interim government. Still, the glacial pace of reform means doubts fester.
. Mile upon mile of concrete balustrades are daubed with caricatures of the deposed autocrat with fangs and devil horns, slogans extolling “Gen-Z, the real heroes,” and vows to “flush sh-ts from our society.”
Indeed, more than 1,500 people were killed in clashes between protesters and security forces during July and August and many more wounded. Thebegan with peaceful demonstrations against employment quotas for regime loyalists, but a heavy-handed crackdown ignited a powderkeg of rage against inequality and political repression that brought tens of thousands of mothers and daughters, bankers and beggars, united onto the street.
Yunus grew to global renown in the 1970s for pioneering poverty-reducing microcredit. What began with a single $5 loan to a woman weaving bamboo stools in his home city of Chittagong has since spread to over 100 countries. Over four decades, Yunus’s Grameen Bank disbursed some $37 billion in collateral-free loans to over 10 million of the world’s poorest people.
Wahiduzzaman wants a timeline and roadmap to elections to be unveiled as soon as possible. Yunus won’t be rushed, though. “I don’t have a date,” he says. “First we have to fix the rails so that the train goes in the right direction.” Yunus insists everyone will receive a fair trial and that the Awami League will be welcome to contest elections once those responsible for killings and abuses are held accountable. “They are as free as anybody else to participate,” he says. “We’ll fight them on political grounds.”
Yet human-rights advocates believe that the incorporation of Islamist elements into the interim administration augurs diminishing space for minorities. For all its legion of faults, the Hasina regime kept a lid on extremism and had even tabled a transgender protection law. But one of the first actions the interim government took was to rescind a ban on Bangladesh’s main Islamist party, Jamaat-e-Islami.
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