The interim government of Bangladesh, led by Nobel laureate Muhammad Yunus, today completed its first year in office, marking a period of significant reforms and economic stabilization following last year’s political transition.
The interim administration has confirmed the next general election will be held in February 2026, with the Election Commission set to announce the formal schedule in December this year. This announcement comes amid sweeping institutional changes implemented by the caretaker government since assuming power after the August 2024 political upheaval.
Over the past twelve months, the Yunus-led government has achieved notable economic progress, reducing inflation to 8.48 percent in June – the lowest level in nearly three years. The country’s remittance inflows reached a record $30.33 billion in the 2024-25 fiscal year, while the taka has strengthened by 4.2 percent against the US dollar since the interim administration took office.
Nine specialized reform commissions have been established to overhaul key sectors including electoral systems, judiciary, and anti-corruption measures. “Our focus remains on creating conditions for credible elections while implementing necessary institutional reforms,” said Chief Adviser Yunus in a brief address marking the anniversary.
Political analysts observe that while economic indicators have improved, the coming months leading to the elections will test the administration’s ability to maintain stability. The government has already repaid $4 billion in foreign debt during its tenure while overseeing Bangladesh’s transition back to democratic governance.