Economy
Engage with ‘new Bangladesh’ that aims to realise freedom, democracy: Dr Yunus urges global leaders at UNGA
Chief Adviser Prof Muhammad Yunus today (27 September) called upon the international community to engage with ‘new Bangladesh’ that aims to realise freedom and democracy for everyone.
The call came in Yunus’ address to the 79th session of the United Nations General Assembly (UNGA), his first since a student-led upsurge brought him at the helm of Bangladesh’s interim government last month.
Speaking in Bangla the Nobel Peace Laureate said youth in Bangladesh have shown upholding freedom, dignity and rights of people regardless of distinction and status cannot just remain aspirational. “It is just what everyone deserves.”
“I would, therefore, call on the international community to continue and deepen engagements with Bangladesh in meeting our people’s quest for democracy, rule of law, equality, prosperity, so that we can emerge as a just and inclusive democratic society,” he said.
Prof Yunus said international cooperation should create space for developing countries in ways that can bring transformative applications or solutions for jobs, endemic socio-economic challenges, or livelihoods.
“We need newer forms of collaboration where global business and knowledge-holders connect to people’s needs,” he said.
“In this assembly of nations, Bangladesh would assure that we would and continue to deliver our bit, at international, regional and national levels, in securing peace, prosperity and justice, for everyone,” said the chief adviser.
As this great hall reverberates with crying call for peace, security, justice, inclusivity and equitable distribution of wealth, as states, he said they need to reflect on how they embolden men and women today, create space for them to grow as entrepreneurs tomorrow.
The world has more than enough of capacity, resources and solutions. Let us redeem all the pledges we made, nationally or internationally, Prof Yunus said.
“Let us work together to end all forms of inequality and discrimination, within and among nations, especially in advancing the proposition of social business in our economic interactions,” said the chief adviser.
In the beginning of his speech, Prof Yunus expressed deep appreciation to Secretary-General Antonio Guterres, for his unwavering commitment to deliver on the UN mandates and address the global challenges.
“I particularly applaud his vision in convening the Summit of the Future,” he said, noting that the Pact for the Future and the Declaration on Future Generations could help in setting pathways beyond Agenda 2030.
Bangladesh believes that the summit’s outcome will serve as a guiding framework in materializing our shared aspirations and re-thinking collaboration, for posterity.
“I stand in this parliament of nations thanks to an epochal transformation that Bangladesh witnessed this July and August. The ‘power of the ordinary people’, in particular our youth, presented to our nation an opportunity to overhaul many of our systems and institutions,” Prof Yunus said.
The uprising led by the students and youth was initially aimed at ending discrimination.
“Progressively the movement evolved into a people’s movement. The world eventually saw how people at large stood against autocracy, oppression, discrimination, injustice and corruption, both on the streets and online,” said Prof Yunus.
He said people, particularly youth, gained their independence from an autocratic and undemocratic regime with their exceptional resolve and capability.
“That collective resolve should define Bangladesh of the future and place our nation as a responsive and responsible state in the comity of nations,” he said.
This was indeed a movement that primarily brought together people who were long left in politics and development.
“Who asked ‘prosperity’ to be shared, to be inclusive. The people aspired for a just, inclusive and functioning democracy for which our new generations made supreme sacrifice.”
Prof Yunus said they were moved by the wisdom, courage and conviction the youth showed.
“Even braving bullets, bare chest. Young girls were fiercely vocal against the illegitimate state power. School-going teenagers laid down their lives,” Prof Yunus said.
Hundreds lost their eyes, forever. Mothers, day labourers and scores of people across cities lent their shoulders, for “their children”.
“Defying sweat, rain and fear of death, they defeated all the evil designs and machinations of the few who manipulated the state machinery against truth and just aspirations of people for years,” Prof Yunus said.
The people’s movement left an estimated over eight hundred martyrs in the hands of the autocratic regime, he said.
“Bangladesh was born because of her people’s profound belief in liberalism, pluralism, secularism. Decades later, our ‘Generation Z’ is making us re-visit and re-imagine the very values that our people Bangladesh stood for back in 1971. As our people also did in 1952, to defend our mother language, Bangla,” Prof Yunus said.
He said they believe, the ‘monsoon revolution’ that the world witnessed in Bangladesh in the span of few weeks, may inspire many across communities and countries, to stand for freedom and justice, he mentioned.
Prof Yunus said their youth and people together entrusted him and his colleagues in the Council with enormous responsibilities to re-construct a decaying state apparatus.
“As we took to the office, to our utter shock and dismay, we discovered how endemic corruption a ‘functioning democracy’ was brought to farce, how key institutions were ruthlessly politicised, how public coffers were reduced to rubble, how oligarchs took over business, how ‘chosen few’ concentrated wealth in their hands and amassed and laundered wealth out of Bangladesh,” he described.
In all, justice, ethics and morality, almost at every level, reached a low, said the chief adviser.
Under such circumstances, he said, they were asked to rebuild Bangladesh and give back the country to the people. “To correct the ills of the past as also build a competitive and agile economy, and a just society.”
In a drastically changed scenario, all political parties are now free to voice their views and opinions, he said.
“A key priority for us is also to make all in public positions and institutions to account for their decisions and actions,” said Prof Yunus.
He said they are committed to promote and protect fundamental rights – for people to speak in freedom, to assemble without fear or inhibition, to vote whosoever they choose, to uphold the independence of the judiciary and freedom of the press, including in the cyber domain.
“In order to ensure that child of a farmer or worker can scale the highest in the society, we prioritise allocation in education and health sectors over grandiose infrastructure development,” he said.
The interim government also aims at ensuring good governance, across all sectors.
Prof Yunus assured that their government shall adhere to all international, regional and bilateral instruments that Bangladesh is party to. “Bangladesh will continue to remain an active proponent of multilateralism, with the UN at the core.”
Bangladesh is open to nurture friendly relations with all countries based on mutual respect, upholding “our dignity and pride and shared interests”, he reiterated.
In just seven weeks, the government has initiated several actions.
At interim government’s request, UN high commissioner for Human Rights has dispatched a Fact-Finding Mission to investigate the gross human rights violations during the people’s movement and to suggest sustainable course correction.
That mission has already started work on the ground in Bangladesh.
“I wish to register my deep appreciation to High Commissioner Volker Turk,” Prof Yunus said.
The government has acceded to the International Convention for Protection of All Persons from Enforced Disappearance, within two weeks in office.
“The required national legislation is underway so that we can effectuate its early implementation. An Inquiry Commission has started investigating into all the cases of enforced disappearances reported during the past decade and a half,” Prof Yunus said.
In order to restore people’s trust and confidence, and to ensure that the tragic past never recur in future Bangladesh, the government has initiated reforms in certain prioritised sectors.
In that direction, the government launched independent Commissions to reform electoral system, constitution, judicial system, civil administration, law and order sectors.
A few more commissions are on the cards to reform other sectors, including press and media, he said.
To create a conducive environment for business, the government has rolled out extensive reforms in banking and financial sectors.
“We affirm not to let any foreign business interest to be affected,” Prof Yunus said.
Beyond rhetoric and numbers, he said they aim to establish effective safeguard mechanisms to ensure the sustainability of these reforms and create an enabling environment towards conduct of free, fair and participatory elections.
Economy
Remittances Top $2bn in First 28 Days of September
Expatriate Bangladeshis sent approximately US$ 2.11 billion in remittances during the first 28 days of September in the fiscal year 2024-25, according to data released by Bangladesh Bank on 29 September.
Of this total, state-owned and specialised banks handled $679.10 million, while private banks received $1.43 billion in remittances.
Economy
Yunus Pledges Swift Reforms and Election in Bangladesh’s Interim Govt
Chief Adviser to Bangladesh’s interim government, Professor Muhammad Yunus, has vowed to expedite reforms and hold elections swiftly. Yunus, who recently assumed the role after the collapse of Prime Minister Sheikh Hasina’s 15-year administration, expressed his commitment during an interview with Tokyo-based news outlet NHK WORLD in New York on Sunday. He was attending the United Nations General Assembly at the time.
Following mass student-led protests that ended Hasina’s long-standing rule in August, Yunus stepped in as the leader of the caretaker government. Known for founding Grameen Bank, an institution providing microloans to the underprivileged, Yunus, along with the bank, earned the Nobel Peace Prize in 2006 for his efforts in poverty alleviation.
During the interview, Yunus emphasized that the interim government’s primary mission is to implement reforms promptly and ensure elections are held as soon as the groundwork is complete. He underscored the importance of success, stating, “Failure is not something that we can accept.”
Addressing the pivotal role of students in the ousting of the Hasina administration, Yunus acknowledged the sacrifices made by young people, referring to their involvement as part of a “revolution.” He highlighted his intention to engage the younger generation in shaping policy.
Furthermore, Yunus called for continued support from Japan, Bangladesh’s largest donor, during this crucial transition period. He stressed that Japan’s assistance is vital to stabilizing Bangladesh’s economy and fostering a democratic foundation in the nation.
Economy
Polythene Bags to Be Phased Out, Says Environment Adviser Rizwana Hasan
Syeda Rizwana Hasan, the Adviser for Environment, Forests, and Climate Change, announced today that steps will be taken to restrict the use of polythene shopping bags to safeguard future generations.
Starting from October 1, polythene bags will be banned in shopping malls, followed by a ban in kitchen markets from November 1.
“Everyone must take responsibility and stop using polythene voluntarily. Action against polythene producers will begin from November 1,” Rizwana Hasan stated during a seminar.
The Department of Environment (DoE) organized the seminar to raise public awareness about alternatives to banned polythene bags.
Rizwana Hasan highlighted that the restriction on polythene will be executed in phases according to legal provisions, and discussions with shopping centers and store owners are ongoing to ensure a smooth transition.
She also announced plans to make the government secretariat a plastic-free zone by December.
Other speakers at the seminar included Environment Secretary Dr. Farhina Ahmed, DoE Director General Dr. Abdul Hamid, Director Rajinara Begum, President of the Shop Owners Association Muhammad Helal Uddin, and Md. Arifur Rahman Bhuiyan, Assistant Professor of Environmental Science at BUP. They discussed the harmful effects of polythene and the need for alternative products.
Earlier, Rizwana Hasan inaugurated a fair showcasing eco-friendly alternatives to polythene bags and visited 24 stalls. The fair featured products from government and private entrepreneurs, including reusable bags, jute bags, paper bags, and items made from bamboo and cane.