How a fuel crisis is threatening Bangladesh’s reform goals: ‘it hit our citizens hard’

AI Summary

Bangladesh’s fuel crisis is forcing the government to spend hundreds of millions of dollars each month to shield consumers from rising prices. The strain is complicating reform efforts amid slowing growth, inflation, troubled banks and a workforce that needs to adapt to AI-driven change.

Confronted by a fuel crisis beyond its control, Bangladesh’s government is spending hundreds of millions of dollars each month to insulate its people from surging prices. But as growth slows and inflation rises, the new government’s reform plans are being tested before it has had much time to clean up the country’s bad banks or retool its young, abundant – but underemployed – workforce for the AI era. Prime Minister Tarique Rahman took office on February 17, elected on promises of sweeping...