Outgoing Resident Representative of the Aga Khan Development Network (AKDN), Munir M. Merali, has praised Bangladesh’s resilience in overcoming challenges and expressed confidence in its ability to navigate the current transitional phase.
In an interview with The Daily Industry, Merali highlighted that while uncertainties persist, Bangladesh has a unique opportunity to implement reforms that can attract investments, build trust, and strengthen key sectors. “With the right policies and collaboration, the country can sustain its growth and development in the coming years,” he said.
Speaking about the impact of global inflation, Merali noted that the Russia-Ukraine war has significantly disrupted supply chains, leading to higher prices for essential commodities. This, he said, has particularly affected low-income groups in Bangladesh and other vulnerable communities worldwide.
To mitigate these economic pressures, he suggested a multi-pronged approach, including strengthening social safety nets, increasing local production capacity, and diversifying trade sources. “Bangladesh’s resilience is its greatest asset. I am confident that with innovative solutions and strong community engagement, the nation will overcome these economic hurdles,” he added.
Regarding the investment climate, Merali acknowledged that foreign direct investment (FDI) to Bangladesh has slowed due to the global pandemic and economic uncertainties. However, he remains optimistic about the country’s investment potential, particularly in key sectors such as renewable energy, infrastructure, and technology.
“Bangladesh is a country full of opportunities, and its potential for attracting foreign investment remains strong. Western companies, known for their expertise in sustainable solutions, can play a significant role in the country’s development. By fostering a stable business environment with clear policies and strong partnerships, Bangladesh can continue to attract valuable investments that align with its long-term development goals,” he emphasized.
Reflecting on the Aga Khan Development Network’s (AKDN) contributions, Merali expressed pride in its longstanding work in Bangladesh, particularly in education and economic development. He pointed to the Aga Khan Academy Dhaka as a testament to AKDN’s commitment to nurturing future leaders grounded in ethical values and social responsibility.
“For nearly seven decades, AKDN has worked closely with communities in Bangladesh to address critical development needs. I am deeply proud of the progress we have made together, and I am confident that our impact will continue to grow in the years ahead,” he stated.
He also reiterated AKDN’s commitment to Bangladesh, particularly in expanding access to quality education and strengthening climate resilience. “Challenges are inevitable, but what inspires me is the willingness of our partners in Bangladesh to innovate and collaborate to find solutions. Together, I believe we can achieve great things,” he added.
Discussing climate change, Merali underscored Bangladesh’s vulnerability to extreme weather conditions and natural disasters. However, he also highlighted opportunities for global collaboration in renewable energy, sustainable agriculture, and climate adaptation strategies.
“Bangladesh’s geographical location makes it highly susceptible to climate-related challenges, but it also positions the country as a key player in global climate solutions. By working with developed nations on knowledge-sharing and technology transfer, Bangladesh can strengthen its climate resilience while contributing to global sustainability efforts,” he observed.
He stressed that addressing climate change requires collective action and shared responsibility, adding that it is encouraging to see global leaders stepping up to support countries most affected by climate challenges.
Merali also commended the role of civil society in Bangladesh, describing it as a crucial driver of progress. “The civil society in Bangladesh is filled with passionate individuals and organizations dedicated to making a difference. Their work is inspiring, especially in empowering marginalized communities, promoting transparency, and fostering dialogue on critical national issues,” he said.
He expressed optimism that continued civic engagement would play a vital role in shaping an inclusive and sustainable future for Bangladesh.
On the subject of Bangladesh-India relations, the outgoing AKDN representative acknowledged the deep-rooted historical and cultural ties between the two neighboring countries. While challenges exist, he emphasized the importance of maintaining dialogue and strengthening trust to foster peace and prosperity.
“Like all relationships, there are moments of difficulties, but the mutual benefits of collaboration between Bangladesh and India are undeniable. Through continued engagement and cooperation, I am hopeful that this partnership will grow even stronger in the years to come,” he added.
As he prepares to leave Bangladesh, Merali expressed deep gratitude for the hospitality and support he received throughout his tenure. He shared personal experiences of visiting rice fields, tea gardens, and local markets, describing these moments as deeply enriching.
“I have had the privilege of witnessing firsthand the incredible warmth and resilience of the Bangladeshi people. Whether in the bustling streets of Dhaka, the serene tea gardens of Sylhet, or the vibrant local markets, the energy and aspirations of the people have been truly inspiring,” he said.
He extended his appreciation to the government, development partners, and local communities for their collaboration and support in advancing AKDN’s mission in Bangladesh.
“Bangladesh is at a crossroads, and the choices it makes now will determine its future trajectory. However, I have no doubt that the country’s resilience, spirit, and commitment to progress will guide it towards a brighter and more prosperous future. It has been an absolute honor to be part of this journey, and I leave with a deep sense of gratitude and respect,” Merali concluded.
