10 May 2024

IMF prescription to raise energy prices is anti-people, illogical

By Redoy K

The International Monetary Fund (IMF) is set to provide a $4.7 billion loan to Bangladesh, but with conditions that prioritize privatization and commercialization, leading to increased prices for gas, electricity, and transport. Critics argue that the IMF’s reforms protect corporate interests over public welfare and fail to address root causes of economic issues, ultimately burdening the general population. VISUAL: SHAIKH SULTANA JAHAN BADHON