Can Bangladesh’s old guard build a new democracy?
The Economist
February 19, 2026
AI-Generated Deep Dive Summary
Bangladesh’s political landscape has shifted with the first competitive election since 2008, as Tarique Rahman of the centre-right Bangladesh Nationalist Party (BNP) secured a decisive victory. The BNP won over two-thirds of the 300-seat parliament, marking a significant return to power for a party that had been in political wilderness for years. The election, held on February 12th, was largely peaceful despite initial fears of mass violence, and it included a constitutional referendum where nearly 70% of voters supported stronger checks and balances. This outcome is seen as a potential turning point for Bangladesh’s fragile democracy.
The election’s significance lies in its ability to break the political deadlock that had plagued the country since 2008. Previous elections were often marred by allegations of fraud, violence, and corruption, leading to widespread disillusionment among voters. Rahman’s victory has been celebrated as a step toward greater transparency and accountability, with his administration promising to address issues like economic inequality, corruption, and governance. The BNP’s sweeping mandate is expected to allow the new government to implement its policy agenda more effectively.
For business and economic stakeholders, this political shift could have far-reaching implications. Bangladesh has long struggled with political instability, which has hindered foreign investment and economic growth. With a stable government in place, there is hope that reforms aimed at boosting trade, improving infrastructure, and enhancing investor confidence will gain momentum. Rahman’s administration has already hinted at prioritizing economic development, including policies to attract foreign direct investment and strengthen ties with key trading partners like China and the United States.
The outcome of this election also underscores the importance of constitutional reform in safeguarding democratic processes. By supporting a stronger framework for checks and balances, Bangladesh is taking a crucial step toward ensuring that future elections are fair and representative. This move could help restore public trust in the electoral process, which has been eroded by years of political infighting.
In conclusion, Bangladesh’s recent election represents a pivotal moment for the country’s democracy and its economic future. With a new government in place, there is an opportunity to address long-standing challenges and create a more inclusive, prosperous society. For businesses operating in or considering investments in Bangladesh, this
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Originally published on The Economist on 2/19/2026