Police officers have been deployed in anticipation of large protests from supporters of the opposition alliance ahead of Bangladesh's election. EPA
Police officers have been deployed in anticipation of large protests from supporters of the opposition alliance ahead of Bangladesh's election. EPA
Police officers have been deployed in anticipation of large protests from supporters of the opposition alliance ahead of Bangladesh's election. EPA
Police officers have been deployed in anticipation of large protests from supporters of the opposition alliance ahead of Bangladesh's election. EPA


Easy victory for the government in Bangladesh's election would still come at a steep cost


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December 21, 2023

Bangladesh’s next general election is to be held on January 7. Although a formal victory by the incumbent government is widely regarded as a foregone conclusion, the fact that the integrity of the polls is already being viewed with considerable scepticism at home and abroad reduces the chances they will deliver the legitimacy or economic stability the government seeks.

Instead, both are likely to be degraded by the intensifying, multi-sided struggle to set the rules of how its political system operates going forward. That is bad news for Bangladeshis, but also its neighbours – especially India.

Bangladesh came into existence more than 50 years ago after seceding from Pakistan following a traumatic civil war in which India intervened, cautiously at first, then decisively.

A highly innovative, world-class NGO sector, working with communities, laid the foundation for sustainable growth while overcoming devastation from war and weather-driven natural disasters. More recently, Bangladesh has emerged as one of the world’s leading readymade garment producers, and this supercharged national growth over the past decade or so, at least until the Ukraine war’s economic impact pushed the economy into crisis.

Bangladesh’s recovery from the economic wounds of civil war sadly has not been matched by progress in the political sphere. The deep divisions that emerged during and after the brutal war of liberation have never been addressed through a process of dialogue or reconciliation. As a result, Bangladeshi politics has remained a zero-sum affair, with the threat of chaotic violence lying just below the surface of everyday normality.

The period from 1975 to 1990 was a series of often bloody coups and counter-coups between factions within Bangladesh’s military. Democratisation broke that cycle, and instead produced a regular alternation between the Awami League (AL) and the Bangladesh Nationalist Party (BNP). Unfortunately, the transfers of power were typically followed by legal harassment and suppression of the outgoing party.

Although both parties play up their ideological differences over the place of religion in national identity, they are both heirs to the armed movement to secede from Pakistan. Their bitter differences go beyond ideology, to a highly personal struggle between two political dynasties – and their hangers-on – who have both endured assassinations and imprisonment by their opponents.

The fact the integrity of the polls is already being viewed with scepticism reduces the chances they will deliver stability

The AL gained the upper hand in 2011 when it eliminated the constitutional requirement that elections be overseen by a neutral caretaker government. As a result, it has never lost an election since. The BNP and the combined opposition’s struggle go beyond winning the election in January, and instead are focused on forcing Sheikh Hasina’s government to reverse this change and restore the practice of caretaker-supervised polls.

Much of the BNP’s leadership has been arrested in recent months, but despite this, it appears to be widening and deepening its campaign. The BNP has announced a boycott of the elections and 13 other parties have made a similar pledge. Given the erosion of judicial and media independence over the past decade, and the security forces’ increased willingness to use force, the usual forms of protest simply do not work.

So instead of legal petitions and demonstrations, the opposition has instead organised a series of blockades of transport, especially around its major cities such as Dhaka and Chittagong. They appear to have significantly affected supply chains from the industrial level down to the vegetable markets, creating shortages and driving prices up. This suggests a high level of compliance, which in turn raises a major question mark over the level of public confidence that the government commands. The opposition alliance is now calling for an escalation to a larger programme of civil disobedience, including refusal to pay taxes and utility bills.

The past two elections were judged by international and domestic observers as flawed, and every indication is that January’s vote is likely to suffer from the same defects. As a result, the EU has declined to even deploy election monitors. Given these conditions, it is unlikely that the opposition campaign will end on January 7, regardless of the official election commission results. Instead, the opposition is likely to maintain pressure and bring international attention to the government’s policies.

The UN Human Rights Council, as well as the US and EU (two of Bangladesh’s largest export destinations), have already begun to express their alarm over alleged extrajudicial killings and abductions by shadowy pro-government elements.

Most consequentially of all, Bangladesh is in close consultation with the International Monetary Fund, which agreed to lend $4.7 billion to ease the crisis triggered by the Ukraine war. Any impact from unrest on fundamentals such as inflation, exports and investment would inevitably bring pressure from international lenders for a political settlement to restore international lenders’ confidence in the country’s future stability, which the opposition hopes would mean more space for their demands.

Part of the increased western attention towards Bangladesh stems from the increased engagement with the countries of the Indo-Pacific as relations between the West and China have deteriorated. Although the cornerstone of this effort has been the deepening strategic partnership between the US and India, the question of what to do about the current government has been a place of divergence rather than convergence.

Indian governments going back to Indira Gandhi in 1971 chose to largely invest in ties with the AL, even when it declared Bangladesh a one-party state in 1975. The administration of US President Joe Biden, on the other hand, is committed to encouraging a zone of shared political values in the Indo-Pacific. Regardless of these differences, however, both Washington and New Delhi share a strong mutual interest in stability and growth in the region.

There is a widespread public belief, which the IMF shares, that the inadequate management of state finances and the banking and energy sectors over the past decade was responsible for leaving a booming economy vulnerable to recent global shocks. The apparent lack of transparent and competitive politics appears to have played a part in producing the current level of dysfunction.

Without adequate governance reforms, Bangladesh’s economy could continue to falter, with possible regional spill-over. Large sections of the country’s enormous workforce, comprised of about 74 million people, faces displacement pressures from climate change. A number of them may start looking for alternatives, wherever they can find them, especially next door in India.

The international community, including India, has the leverage to encourage the reforms that will allow peaceful transfers of power in Bangladesh, and set up the country for sustained economic success that will benefit the region and the world.

BUNDESLIGA FIXTURES

Saturday (UAE kick-off times)

Cologne v Union Berlin (5.30pm)

Fortuna Dusseldorf v Borussia Dortmund (5.30pm)

Hertha Berlin v Eintracht Frankfurt (5.30pm)

Paderborn v Werder Bremen (5.30pm)

Wolfsburg v Freiburg (5.30pm)

Bayern Munich v Borussia Monchengladbach (8.30pm)

Sunday

Mainz v Augsburg (5.30pm)

Schalke v Bayer Leverkusen (8pm)

UAE currency: the story behind the money in your pockets
Abu Dhabi GP schedule

Friday: First practice - 1pm; Second practice - 5pm

Saturday: Final practice - 2pm; Qualifying - 5pm

Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm

'My Son'

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Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

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Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
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The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.

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A cryptocurrency primer for beginners

Cryptocurrency Investing  for Dummies – by Kiana Danial 

There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine. 

Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.

Although cryptocurrencies are a fast evolving world, this  book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.

Begin your cryptocurrency journey here. 

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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

The years Ramadan fell in May

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Engine: 2.9-litre twin-turbo V6

Power: 540hp at 6,500rpm

Torque: 600Nm at 2,500rpm

Transmission: Eight-speed auto

Kerb weight: 1580kg

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Job: Coder, website designer and chief executive, Trinet solutions

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Role Models: Mark Zuckerberg and Elon Musk

Dream City: San Francisco

Hometown: Dubai

City of birth: Thiruvilla, Kerala

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Gearbox: Seven-speed automatic

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MATCH INFO

Watford 1 (Deulofeu 80' p)

Chelsea 2 (Abraham 5', Pulisic 55')

While you're here
COMPANY%20PROFILE%20
%3Cp%3EName%3A%20DarDoc%3Cbr%3EBased%3A%20Abu%20Dhabi%3Cbr%3EFounders%3A%20Samer%20Masri%2C%20Keswin%20Suresh%3Cbr%3ESector%3A%20HealthTech%3Cbr%3ETotal%20funding%3A%20%24800%2C000%3Cbr%3EInvestors%3A%20Flat6Labs%2C%20angel%20investors%20%2B%20Incubated%20by%20Hub71%2C%20Abu%20Dhabi's%20Department%20of%20Health%3Cbr%3ENumber%20of%20employees%3A%2010%3C%2Fp%3E%0A
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Ovasave%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20November%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Majd%20Abu%20Zant%20and%20Torkia%20Mahloul%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Healthtech%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%20Three%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-seed%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20%24400%2C000%3C%2Fp%3E%0A
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
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Updated: December 21, 2023, 2:00 PM`