Awami League expressed concern about the deepening economic crisis in Bangladesh

Dhaka, October 11 (IANS). Bangladesh’s Awami League on Saturday expressed concern about the weakened state of the country’s ready -made clothing industry, saying what was once considered the country’s pride is now pushing countless families into poverty. The party said factories that previously kept the country’s economy alive close one after another and leave thousands of clothing workers unemployed and on the street, struggling to find work to make money. The Awami League criticized the interim government led by Mohammad Yunus for failure in leadership, direction and stability, and said that instead of trusting confidence, the policy paralyzed the economy. The party argued, “Factories close, investors have lost confidence, and the government is either reluctant or unable to act. In terms of Yunus’s rule, Bangladesh is not just before an economic recession, but also stands in front of an existential crisis, where the line between the working class and the poor completely fades.” According to the Awami League, the Yunus regime, instead of focusing on rebuilding the economy, has investigated, investigated, plagued or quietly forced a policy of political revenge and businesses that are considered to be associated with the party. The party emphasized: “In the process, hundreds of factories closed and thousands of workers lost their jobs. What could have been a period of recovery has turned into the worst industrial recession in years.” The party emphasized that thousands of former factory workers across Bangladesh are still waiting for their excellent wages, months after their factories were closed. The party said workers gather in places like Ghazipur, Narayanganj and Savar every day outside of closed doors and keeping appointments in their hands that no longer have a meaning. The Awami League emphasized that these were not isolated stories, but these are the faces of Yunus’s failed economic experiment. The Awami League said: “Many of those who have lost permanent job are pushed into the informal economy, where they work as a daily wage workers, rickshaw tractors or street vendors, and barely end. The situation is even worse for trained youth; degrees mean nothing than work.” It is further said: “According to Muhammad Yunus’s reign, the greatest resource of Bangladesh, his hardworking people, is betrayed. The promise of development has become a nightmare of poverty, and the country’s once bright future is now in danger.” -—IANS DKP/