Global Issues
A Year of High Expectations and Frustrations
DHAKA, Bangladesh, January 8 (IPS) - As many of you know, out of the blue, I have been called in to assist the Interim Government led by Nobel Laureate Professor Muhammad Yunus in stabilising the economy left in ruins by the fallen autocratic-kleptocratic regime that looted the banks, stole public money and robbed small investors in the capital market to siphon off billions of dollars out of the country. I had never served in a government; neither had I ever expected this opportunity. However, my UN experience and political economy understanding have been handy.
Reflecting back the year that we have just passed, I trust, you have been well as we wished each other at the start of 2025 the best of our health and spirit. Unfortunately, despite our earnest wish, the world was not peaceful during 2025.
Hopes and global disorder
Hopes kindled briefly for justice for the Palestinians as the European powers, including Australia (a European settler colony) were forced to recognise the Palestine State, and Narcissist Trump pushed for some peace in both Ukraine and Gaza in his mad desperation for a Nobel Peace Prize.
Yet Gaza is still being bombarded with Israel’s genocidal intent, making a mockery of deranged Trump’s rhetorical claim of achieving “peace in the Middle East for the first time in 3,000 years”, and the illegal occupation of the West Bank along with settler violence continues unabated with complete immunity in blatant violations of international laws.
Narcissist Trump sanctioned the International Criminal Court (ICC) and International Court of Justice (ICJ) in his desperate attempt to save Israeli war criminals, including Benjamin Netanyahu and justify Israel’s genocide and settler violence. Trump upended his assault on the rule-based order with arbitrary so-called ‘reciprocal tariff’.
Bangladesh
As for the post-fascist Hasina Bangladesh, the year 2025 began with high expectations. And as for me, the year 2025 has been extra-ordinary.
Today, I am pleased to say that we have been able to avert a full-blown crisis. Heart-felt thanks to our ‘remittance fighters’ who whole-heartedly trusted the Interim Government’s various reform initiatives. Expatriate Bangladeshis sent a record $30.04 bn in remittances in the 2024–25 fiscal year, the highest amount ever received in a single fiscal year in the country’s history. Forex reserves surged to $33 bn, hitting 3-year high as December remittances crossed $3bn. You can get a report card by Finance Advisor, Dr. Salehuddin and myself, published in the Daily Star on 18 August 2025.
Of course, not everything has been rosy. The much-hoped systemic transition remains full of uncertainty. I see systemic transition as the process of total transformation of a caterpillar inside a cocoon. We still do not know whether the ‘caterpillar in the cocoon’ will turn out to be a butterfly or a moth. People are genuinely worried as the past systemic transition opportunities were wasted.
I myself found road-blocks at every turn. Bureaucratic inertia and resistance have frustrated my efforts for genuine reforms. It has been a real-life experience of the classic British political satire, “Yes, Minister”. Like Sir Humphrey Appleby, the bureaucrats will display outwardly extra-ordinary humbleness, but will politely defy citing rules of business. Bureaucratic resistance is the main stumbling block for achieving coordination, coherence and integration in policy making and implementation, thus, causing wasteful duplications, inefficiency and lack of effectiveness.
Nevertheless, I achieved some success. One of them is the agreement to expand the voluntary Bangladesh National Cadet Corps programme to cover ALL youths (aged 18) in 10-12 years, so that we can have a disciplined workforce to be readily deployed during any national emergency. Needless to say, that this is an imperative to realise demographic dividend. We are hoping to roll out the programme from July 2026 to coincide with the July Revolution anniversary.
Despite frustrations and uncertainties, I am hopeful as I can see a seismic shift in the political dynamics of the country. This coincides with the demographic shift – the youth (15-30 years) representing nearly 30% of the population. These youths have a different vocabulary of politics; they want justice, inclusion, self-respect, and dignity – they are fiercely nationalist.
Recently martyred Hadi is their embodiment. The establishment is understandably threatened and tried to silence the youth by assassinating Hadi; but they failed to extinguish the flame, instead, everyone has become a Hadi, standing unwavering in their commitment to carry out Hadi’s mission of building a just nation where citizens can live with dignity, free from fear, subjugation, and oppression. Hadi re-centred our national conscience on Insaf: justice, dignity, and fairness not as rhetorical slogans, but as non-negotiable ethical foundations of the State and society.
In an era of moral drift, Hadi reminded the nation that no political order can last without justice at its core. He ignited a generation with civic courage and moral responsibility. Free from fear, patronage, or transactional politics, young people saw in Hadi a new model of leadership: ethical, principled, and accountable. In doing so, he reshaped the future political character of Bangladesh and moved national thinking beyond entrenched legacy power structures toward people-centric, principled governance. He challenged the inevitability of corruption and coercion, insisting instead that politics could be reclaimed as a moral vocation. His life poses an enduring question to those who seek power: Will you serve justice, or merely rule?
Let me end this year-end message with my personal tribute to Khaleda Zia, who has recently passed away after a long illness imposed on her by the vindictive Hasina regime, falsely convicting her and imprisoning in a substandard cell. Like her husband, Shaheed President Zia, she was thrust into the whirlpool of history. They never sought power; but when the responsibility fell on their shoulders, they carried out their duties to the nation whole-heartedly and selflessly; thus, they became a true statesman (woman), winning hearts and minds of their people.
Perhaps Khaleda Zia’s most enduring legacy lies in her extraordinary restraint and dignified disposition, even under severe and prolonged adversity. Her self-restraint, rooted in grace rather than weakness, distinguished her from many of her contemporaries and offers a powerful lesson for today’s often abrasive and confrontational political culture.
Warmest regards and best wishes for the New Year
IPS UN Bureau
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