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Left Alliance Accuses Minister Yun of Steering Bangladesh Toward Crisis

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  Published in Politics and Government on Monday, November 24th 2025 at 1:00 GMT by The Hans India

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Left Alliance Accuses Yun – Driving Bangladesh Toward Crisis

In a rare moment of political unity, Bangladesh’s left‑leaning parties—comprising the Awami League’s splinter factions, the Workers Party, the Communist Party of Bangladesh, and a handful of regional leftist groups—have banded together to launch a blistering attack on Minister Mohammad Yun of the ruling party. The coalition, which has historically been a loose confederation of socialists and labor‑oriented parties, issued a statement on Thursday that the policies championed by Yun are “actively steering the country toward an unprecedented crisis.” The accusations, published by The Hans India and echoed by several Bangladeshi newspapers, come amid rising inflation, worsening unemployment, and a mounting public perception that the government’s economic agenda is tilted in favour of a handful of wealthy industrialists.

Who Is Yun and Why He Matters

Mohammad Yun, a veteran of the ruling Awami League and a former Minister of Finance, was appointed chief of the Bangladesh Economic Policy Council last year. His tenure has been marked by a series of market‑liberal reforms: a steep increase in corporate tax rates, the privatisation of key state‑run enterprises (most notably the national telecom operator), and the removal of a long‑standing minimum‑wage ceiling for informal‑sector workers. These moves were heralded by international institutions such as the World Bank and the IMF as steps toward a more “competitive” economy. However, the reforms have triggered backlash from the labour sector, which argues that the new policies have widened the gap between the rich and the poor and have created a surge in informal employment.

The Accusations

According to the left alliance’s joint communiqué, Yun has “exploited the fragile economic conditions of Bangladesh to further a narrow elite agenda.” Specific points of criticism include:

• Unemployment and Wage Cuts: The alliance contends that the removal of the informal‑sector minimum wage has led to widespread job insecurity, forcing millions into the streets and sparking a wave of protests across Dhaka and Chittagong.
• Privatisation and Corporate Collusion: Yun’s push to sell state assets is alleged to have favoured a small circle of business conglomerates that are allied with the Awami League, thereby compromising national sovereignty over key industries.
• Inflationary Spirals: The leftists claim that Yun’s fiscal policy—especially the increase in consumption taxes—has driven up the cost of staples such as rice and milk, pushing the already‑marginalised into food insecurity.
• Crackdown on Dissent: In the wake of a series of street demonstrations, Yun reportedly ordered increased police presence in protest zones. The left alliance accuses him of turning a largely peaceful movement into a state‑sponsored crackdown.

Reactions

The government, through a spokesperson for the Ministry of Finance, has categorically denied the allegations, insisting that Yun’s policies are “necessary adjustments for fiscal sustainability.” Yun himself issued a statement last Friday that the accusations were a “political diversion” aimed at destabilising the country. “We are committed to inclusive growth,” he wrote, “and any claim that our reforms are a disaster is a blatant misrepresentation of reality.”

Internationally, the United Nations Development Programme (UNDP) expressed concern over the rising inflation but praised the government’s “continued engagement with multilateral development partners.” A former IMF official, who wishes to remain anonymous, warned that the current trajectory could threaten Bangladesh’s credit rating and future foreign investment.

Broader Context

The left alliance’s rally is part of a broader political struggle in Bangladesh, where the ruling Awami League has faced accusations of eroding democratic institutions. In 2021, the Supreme Court’s decision to disqualify opposition leader Sheikh Hasina’s party, the Bangladesh Nationalist Party, set a precedent that many leftist groups view as an attempt to consolidate power. Yun’s role in the “Economic Policy Council” is therefore seen by the alliance not just as an economic position but as a strategic lever in this power play.

Looking Ahead

The alliance has called for early elections and a review of Yun’s economic agenda, demanding a new policy framework that prioritises wage growth and social welfare over rapid liberalisation. Should the left coalition mobilise effectively, the country could see a resurgence of labour strikes and a sharper debate over Bangladesh’s economic direction.

For now, the nation watches as Yun’s policies sit at the center of a political storm. Whether his reforms will ultimately deepen Bangladesh’s crisis or lead to a recalibration of its economy remains to be seen. The left alliance’s accusations, however, underscore a deepening divide: a country struggling to balance growth with equity, caught in a tug‑of‑war between entrenched power structures and a rising demand for social justice.