Dhaka: The interim government led by Nobel Laureate Professor Muhammad Yunus marks one year in office today, following its swearing-in on August 8, 2024. The administration assumed office in the wake of a massive popular uprising that led to the ouster of Sheikh Hasina’s regime on August 5, 2024.
According to Bangladesh Sangbad Sangstha, the uprising, driven by a wave of student and public mobilization, came at a high human cost, with significant casualties and injuries reported during the nationwide demonstrations. Despite the challenges of a turbulent transition, the Yunus-led government has been credited with notable reforms and governance successes over the past year in areas such as the electoral system, governance, press freedom, economy, judiciary, and law and order, along with the trial of the killers of the students and people in the mass uprising.
Commemorating the Mass Uprising Day on August 5, the interim government presented the July Declaration before the nation. The preparation of the July Charter is also at the final stage following rounds of discussions with political parties and the National Consensus Commission. On August 5, Chief Adviser Prof Yunus announced that the next parliamentary elections would be held in February 2026, with formal communications already initiated with the Election Commission.
The government has formed several reform commissions, including Electoral Reform, Police Reform, Judiciary Reform, among others, and has taken steps based on their recommendations. Notably, the country’s overall inflation decreased to 8.48 percent in June, the lowest in the last 35 months. Prof Yunus expressed hope that food inflation would come down to 6 percent by December, highlighting inflation control as a primary challenge for the interim government.
The interim government also focused on economic stability, with record remittances and export earnings strengthening the national currency. The Taka has gained value against the dollar, and foreign exchange reserves have been increasing despite significant payments to foreign lenders.
Key achievements in the past year include the restoration of peace and stability, economic revival, notable trade and investment gains, democratic reforms, accountability for the July massacres, and a roadmap for the upcoming elections. Institutional and legal reforms have been implemented, enhancing the judiciary and police systems, while press freedom and internet rights have been significantly improved.
The government’s foreign policy shift towards a balanced, multipolar approach has expanded cooperation with global powers, and initiatives have been taken to enhance expatriate and labor rights. Maritime and infrastructure development have been prioritized, with plans for a water-based economy centered around the Bay of Bengal.
Efforts to commemorate the July uprising include the establishment of the July Shaheed Smrity Foundation and the development of the July Mass Uprising Memorial Museum at Ganabhaban. These initiatives aim to honor the sacrifices of those involved in the uprising and provide support to affected families.