BANGLADESH Riots Result in Military Lockdown & Curfew Despite $4.7 Billion Bailout Deal with IMF
Video Summary
Bangladesh is facing a severe economic crisis, with high levels of youth unemployment, despite a $4.7 billion bailout from the International Monetary Fund (IMF). The country’s economy has remained grim, with a severe shortage of jobs, and the government’s decision to reintroduce quotas for government jobs has sparked widespread protests. The reintroduction of 30% quotas for government jobs has caused resentment among students, who feel that it is unfair to reserve certain positions for families of those who fought for Bangladeshi independence in 1971. The protests, which began on university campuses, turned violent, with over 100 reported deaths and thousands injured. The government has imposed a curfew, shut down internet and text messaging services, and deployed the military to quell the unrest. The social media ban is aimed at preventing further protests and gatherings. The situation in Bangladesh is dire, with a severe shortage of jobs, a lack of foreign currency, and a high level of unemployment among the young, who are struggling to find work.
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