US to Discuss Economic Support for Bangladesh’s Interim Government, Reuters Reports

U.S. officials are set to engage in discussions with Bangladesh’s interim government to explore how the United States can assist with the country’s economic and developmental needs, according to statements from the U.S. State and Treasury departments.

The interim government, led by Nobel Peace Prize laureate Muhammad Yunus, took office last month following the ousting of Prime Minister Sheikh Hasina amid violent protests, with the intention of organizing elections in Bangladesh.

Donald Lu, the Assistant Secretary for South Asia, will be part of the U.S. delegation that will meet with members of the Bangladeshi interim government. Lu is also scheduled to visit India during a trip from September 10 to 16.

The delegation will comprise representatives from various U.S. agencies, including the Treasury, USAID, and the Office of the U.S. Trade Representative. Discussions will focus on how the U.S. can help bolster Bangladesh’s economic growth, improve financial stability, and meet development goals.

A spokesperson from the U.S. Treasury indicated that the delegation plans to engage with key figures in the interim government, including Yunus, foreign affairs adviser Mohammad Touhid Hossain, finance and commerce adviser Salehuddin Ahmed, and Bangladesh Bank Governor Ahsan Mansur.

U.S. Treasury Assistant Secretary for International Finance, Neiman, expressed optimism that with essential reforms, Bangladesh can address its economic challenges and establish a foundation for ongoing growth and prosperity.

Bangladesh’s economy, valued at $450 billion, has experienced a significant slowdown due to rising fuel and food import prices linked to the Russia-Ukraine conflict. As a result, the country sought a $4.7 billion bailout from the International Monetary Fund last year.

In addition to the meetings in Bangladesh, Lu will also discuss defense cooperation and expand U.S.-India collaboration in the Indo-Pacific region during his visit to India, alongside Jedidiah Royal, the U.S. Principal Deputy Assistant Secretary of Defense for Indo-Pacific Security Affairs.