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Bangladesh Economic Crisis: Former Bangladesh Prime Minister Sheikh Hasina’s party Awami League has made serious allegations against the country interim government. Awami League said that within a year of Sheikh Hasina’s withdrawal from power, the Yunus government has brought the country to the brink of Kangali and hunger. The party claimed that Bangladesh’s economy was in serious crisis. During this time hundreds of factories were closed, causing thousands of laborers to become unemployed.

The interim government has been working in Bangladesh for the last one year, headed by Muhammad Yunus. The Awami League alleges that unemployment has increased rapidly during this government and the government is facing the anger of the workers.

More than 500 factory was locked

According to Awami League, more than 500 factories have been closed in Bangladesh during the last one year, which has lost about 1.2 lakh laborers. Many of these laborers had to return to their village under compulsion. During the same period, the country’s outstanding debt has increased to $ 26.6 billion, making the economic crisis even more serious.

Awami League says that the struggling industries were expecting help from the central bank. About 1,300 companies had applied for loan re -radiation, but only 280 were approved. According to the party, the rest of the companies are still waiting due to slow process and government hurdles. He said that the situation is getting worse due to lack of money, low production, workers’ retrenchment and payment to suppliers. Many industries can be closed at this speed.

The economic situation of the country is poor

The party further said that the number of default loans in the banking sector is more than doubled. Traders say that if the situation remains the same then it may take 5 years to complete the process of all applications. The Awami League warned that the situation may worsen if the textile and apparel industry, which is the backbone of the country’s economy, can worsen.

(With agency input)