Bangladesh shows remarkable resilience in overcoming challenges

December 30, 2024
Munir M. Merali in an interview with The Dazzling Dawn recently.

Bangladesh has always shown remarkable resilience in overcoming challenges, and this strength will help the country navigate this transitional phase as well, said outgoing Resident Representative of the Aga Khan Development Network (AKDN) Munir M. Merali in an interview with The Dazzling Dawn recently.

The rest part of the interview is given:

Economic and Political Context

1. Bangladesh’s Economic Prospects

Question:

With the Interim Government led by Nobel laureate Professor Muhammad Yunus navigating the aftermath of political unrest and economic mismanagement, how do you see the prospects for Bangladesh's economy in the next couple of years?

Answer:

Bangladesh has always shown remarkable resilience in overcoming challenges, and I believe this strength will help the country navigate this transitional phase as well. While there are uncertainties, there are also opportunities to focus on reforms that can attract investments, build trust, and strengthen key sectors. I am confident that with the right policies and collaboration, Bangladesh can continue its journey of growth and development in the coming years.

2. Impact of Global Inflation

Question:

The Russia-Ukraine war has driven up global prices of essential commodities, disproportionately affecting poor and low-income groups in Bangladesh. What measures can mitigate these effects, and how do you see the situation evolving?

Answer:

This has been a challenging time for many, especially for vulnerable communities, globally. To alleviate these pressures, I think a thoughtful combination of social safety nets, encouraging local production, and diversifying trade sources can help mitigate the impact. What has always stood out to me in Bangladesh is the resilience of its people, and I am optimistic that the country, with its strong sense of community and ingenuity, will find ways to adapt and emerge stronger from these challenges.

3. Investment Climate and FDI

Question:

Foreign direct investment (FDI) to Bangladesh has slowed, partly due to the global pandemic. How do you evaluate the current investment climate, and do you foresee more Canadian investment, particularly in the power and energy sectors?

Answer:

Bangladesh is a country full of opportunities, and I believe the potential for investment remains very strong, especially in renewable energy, climate, infrastructure, and technology. Western companies, known for their expertise in sustainable solutions, can play a significant role here. By fostering clear policies and strengthening partnerships, Bangladesh can continue to attract valuable investments that align with its development goals.

AKDN’s Contributions and Role

4. AKDN’s Legacy in Bangladesh

Question:

The Aga Khan Development Network has been active in Bangladesh since 1955, with a focus on education and economic development. How do you assess AKDN’s impact in these sectors, particularly since the opening of the Aga Khan Academy Dhaka in 2022?

Answer:

It has been an incredible privilege to see AKDN’s work positively impact communities across Bangladesh. Over nearly seven decades, we have worked closely with the people to address critical needs in education and economic development. The Aga Khan Academy Dhaka is a testament to our commitment to nurturing future leaders who are grounded in ethical values and equipped to contribute meaningfully to society. I am so proud of the progress we have made together and am confident it will continue to flourish.

5. Future Directions for AKDN

Question:

What new opportunities or challenges do you see for AKDN’s involvement in Bangladesh’s development, particularly in light of current economic and political uncertainties?

Answer:

AKDN’s commitment to Bangladesh is unwavering, and I see many opportunities ahead. Expanding access to quality education and supporting climate resilience are areas where we can make a lasting impact. While challenges are inevitable, what inspires me is the willingness of our partners in Bangladesh to innovate and collaborate to find solutions. Together, I believe we can achieve great things.

Climate Change and Development Cooperation

6. Collaboration on Climate Change

Question:

Climate change poses a significant challenge for Bangladesh. How can other countries and Bangladesh collaborate effectively on this issue? Should developed countries provide compensation to developing nations for climate-related damages?

Answer:

Bangladesh’s vulnerability to climate change is a pressing concern, but it also offers opportunities for partnerships. Bangladesh can work with developed nations in areas such as renewable energy, sustainable agriculture, and sharing knowledge on mitigation and adaptation strategies. Such collaborations may benefits everyone, and it’s heartening to see developed countries stepping up to support those most affected by climate-related challenges. It’s a reminder that addressing climate change requires shared responsibility and collective action.

Civil Society and Regional Dynamics

7. Role of Civil Society in Bangladesh

Question:

Civil society plays a vital role in shaping a nation’s progress. How do you view the role of civil society in Bangladesh, particularly during this transitional period?

Answer:

Civil society in Bangladesh is a cornerstone of progress, filled with passionate individuals and organizations committed to making a difference. Their work is inspiring, especially in empowering marginalized communities, promoting transparency, and fostering dialogue. I believe their continued engagement will play a vital role in guiding the country through this period of change and ensuring an inclusive and sustainable future.

8. Bangladesh-India Relations

Question:

Bangladesh and India have shared a historically close relationship, but recent political shifts have created tensions. How do you see Dhaka-New Delhi relations evolving in the coming years?

Answer:

The ties between Bangladesh and India are deeply rooted in shared history and culture. Like all relationships, there are moments of challenges, but the mutual benefits of collaboration are undeniable. By continuing dialogue and building trust, I am hopeful that the partnership will strengthen, fostering peace and prosperity for both nations.

Personal Reflections

9. Reflecting on Your Tenure

Question:

As you conclude your tenure in Bangladesh, what are your personal reflections on your time here?

Answer:

Bangladesh has been a truly special chapter in my life. I’ve had the privilege of experiencing the incredible hospitality and warmth of its people, whether in the rice fields, tea gardens, or local chai shops. Meeting students and witnessing their aspirations has been deeply rewarding.

I’m immensely grateful for the support of the government, line ministries, and local partners, which made our work not only possible but impactful. Bangladesh is at a crossroads, and I am optimistic that the choices it makes will pave the way for a brighter future. Inshallah, the country’s resilience and spirit will guide it toward growth and prosperity for all its people. It has been an honour to be part of this journey, and I leave with a deep sense of gratitude and respect.