Usa and bangladesh: US President Donald Trump gave a major blow to Bangladesh on Sunday (26 January). He decided to stop all kinds of help given to Bangladesh. At the same time, USAID has spoken of shutting down all its projects in Bangladesh.
Bangladesh has suffered a major setback due to this move of America. Since the coup in the country, the economy there is continuously falling. People are struggling with unemployment. Let us know what effect it will have on Bangladesh.
Bangladesh will get a big shock
America has invested a lot in Bangladesh. According to the report, by the year 2020, America’s total foreign direct investment (FDI) in Bangladesh was about $ 3 billion. American companies are prominent investors in Bangladesh’s textiles, energy, agriculture, and information technology sectors. Apart from this, America has also invested a lot in Bangladesh’s clothes industry. Bangladesh is the world’s second largest textile exporting country. Apart from this, America is one of its biggest markets.
In 2020, about 20% of Bangladesh’s textile exports was done to the US. In such a situation, if exports in America are low, then millions of workers may have to lose their jobs. This will have a negative impact on the employment market of Bangladesh.
Questions will also stand about energy and foreign investors
America also helps in technical and research of Bangladesh. The United States has helped to move towards sustainable energy sources in the energy sector of Bangladesh. In such a situation, if investment is low, then the energy crisis can also increase here.
With the back of America, now foreign investors can also be reduced here. There can now be many apprehensions about the environment of investment. At the same time, the government of Bangladesh may also have to face a decrease in foreign exchange reserves as Bangladesh gets dollars from the investment of American companies. This will also increase difficulties for Bangladesh.
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