Headlines
Bangladesh's incoming prime minister puts restoring economy and governance first
Published by Global Banking & Finance Review®
Posted on February 14, 2026
3 min readLast updated: February 14, 2026
Quick Summary
Bangladesh's new PM, Tarique Rahman, focuses on economic recovery and governance after BNP's election win, strengthening ties with China.
Bangladesh's New Prime Minister Focuses on Economic Recovery and Governance
Economic and Governance Priorities
By Ruma Paul and Praveen Paramasivam
Plans for Economic Growth
DHAKA, Feb 14 (Reuters) - Bangladesh's next prime minister, Tarique Rahman's priorities include improving the economy, law and order and governance, he said on Saturday, in his first public comments after his party's convincing parliamentary election victory.
Political Context and Stability
"We have very serious challenges to face ... tackle the economy of the country ... to ensure good governance," Rahman told a media briefing.
International Relations with China
Rahman's Bangladesh Nationalist Party secured a decisive two-thirds majority, returning to power after nearly two decades.
The landslide win, announced on Friday, followed months of political and economic turmoil after the ouster of former Prime Minister Sheikh Hasina in a Gen Z-led uprising in 2024.
CHINA IS A 'DEVELOPMENT FRIEND'
Asked about his plans to jump-start the economy, he said he would encourage business and create more jobs.
He also said China was a "development friend", adding he hoped the countries would be in a position to work together.
Analysts say substantial economic incentives would ensure Bangladesh keeps strengthening ties with China.
The interim government, led by Nobel laureate Muhammad Yunus, which has been in charge since the former prime minister's ouster, on Saturday congratulated Rahman on his party's victory, saying the result was a milestone in the country's democratic transition.
International observers cautiously praised the conduct of the polls. The U.S.-based International Republican Institute said the election was peacefully and competently administered, but that the broader political environment remained fragile. It urged the incoming government to swiftly implement reforms to consolidate democratic gains.
CONSTITUTIONAL REFERENDUM DREW STRONG PARTICIPATION
A constitutional referendum held alongside the election also drew strong participation. In it, voters approved reforms to introduce a two-term limit for prime ministers, to strengthen judicial independence and enhance women's representation.
The BNP's commanding majority is viewed by analysts as an opportunity to restore political stability after months of unrest. The Islamist party Jamaat-e-Islami is expected to sit in opposition.
Rahman, 60, is the son of former Prime Minister Khaleda Zia and former President Ziaur Rahman, the BNP's founder and a leading figure in Bangladesh's independence struggle.
Rivals have criticised his political career for alleged corruption, which he has denied. He returned to Bangladesh after 17 years in self-imposed exile in London, shortly before his mother's death last year.
(Reporting by Ruma Paul; editing by Barbara Lewis)
Key Takeaways
- •Tarique Rahman prioritizes economic recovery and governance.
- •BNP wins a decisive two-thirds majority in Bangladesh.
- •China is seen as a 'development friend' by the new PM.
- •A constitutional referendum introduces key reforms.
- •International observers cautiously praise the election.
Frequently Asked Questions about Bangladesh's incoming prime minister puts restoring economy and governance first
1What is economic growth?
Economic growth refers to the increase in the production of goods and services in an economy over a period of time, typically measured by the rise in Gross Domestic Product (GDP).
2What is governance?
Governance is the process of decision-making and the process by which decisions are implemented (or not implemented) in an organization or country, involving the mechanisms, processes, and institutions through which authority is exercised.
3What is financial stability?
Financial stability is a condition in which the financial system operates effectively, with institutions able to manage risks and absorb shocks, ensuring the smooth functioning of the economy.
