Can Bangladesh’s old guard build a new democracy?
The Economist
February 13, 2026
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The first competitive election in Bangladesh in 18 years has been won by a familiar figure, marking a potential turning point for the country's political landscape. Tarique Rahman, who had been in self-exile for 17 years, returned to lead the Bangladesh Nationalist Party (BNP) and cast his ballot in an upscale neighborhood of Dhaka during the historic event. The election, seen as a rare opportunity for democracy in a nation with a long history of political instability, could shape the future of Bangladesh's governance and economic trajectory.
Bangladesh has endured decades of political turmoil, including military takeovers and caretaker governments, which have stifled democratic progress. This election comes after years of authoritarian rule under Prime Minister Sheikh Hasina Wajed, whose dominance has been challenged by figures like Rahman. The BNP, once a dominant force in Bangladeshi politics, had been weakened but now sees an opportunity to regain influence. Rahman's return and the party's renewed vigor have sparked hope among supporters for a more inclusive and representative government.
The outcome of this election could have significant implications for Bangladesh's business environment. Political stability is crucial for attracting foreign investment and fostering economic growth. A new administration led by the BNP might bring changes to key sectors, such as garments and agriculture, which are vital to Bangladesh's economy. However, challenges remain, including the need to address corruption, improve governance, and ensure fair policies that benefit both businesses and citizens.
For readers interested in business, this election represents a potential shift in economic policy and investor confidence. If successful, a new democratic era could lead to reforms that enhance
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Originally published on The Economist on 2/13/2026