There are three challenges, including political, economic and diplomatic, in the country before the new government, said Awami General Secretary and Road Transport and Bridges Minister Obaidul Quader on Friday.
“These three challenges lie ahead. It is not so easy to protect Bangladesh from the repercussions of the global crisis in these three sectors,” he said.
He was talking to journalists before the new cabinet paid homage to Father of the Nation Bangabandhu Sheikh Mujibur Rahman by placing wreaths at his portrait at Dhanmondi 32 in the capital.
The AL leader also said, “We have been able to hold a peaceful and fair election overcoming the crisis today. This has been possible for the magic touch of Prime Minister Sheikh Hasina.”
“There had never been flowers on our path. We had to cross a thorny path from birth.”
“We got independence under the leadership of Bangabandhu and under the leadership of Bangabandhu's daughter Sheikh Hasina. We will build Sonar Bangla as dreamt by Bangabandhu. The main target of the government is to implement the election manifesto of the party,” he added.
Earlier, World Economic Forum's (WEF) Global Risks Report 2024 said that Bangladesh's economy is facing five major risks with energy supply shortages topping the list.
The report has identified the energy supply crunch as the foremost risk to the country’s economy as the shortage is causing fluctuations in industrial production and raises concerns about broader economic stability.
Concurrently, ongoing inflation is also creating economic uncertainty, the report stated.
Additional concerns include the potential for an economic downturn, persistent wealth and income inequality, and rising government debt and unemployment.
WEF presented the report on Wednesday prior to its annual meeting for the current year.
The report identifies both general areas of risk for the global economy and specific concerns for individual countries, including Bangladesh.
The WEF also offers short- and long-term assessments of global risks, providing insight into both immediate and emerging concerns.
Notably, the Centre for Policy Dialogue, a Bangladeshi think-tank participating in the WEF, conducted surveys on 71 companies to compile a separate risk list.
The list prioritises national security as a top challenge for Bangladesh, echoing similar concerns in Mongolia and Malaysia, ahead of current economic objectives.
