On August 5, 2024, Bangladesh faced a major political crisis when Prime Minister Sheikh Hasina resigned and fled the country. Hasina, who has led the Awami League Party and served five terms in office, resigned amid escalating public discontent and political unrest, which has reportedly claimed over 400 lives. The announcement sparked both widespread celebration and incidents of violence, prompting military control. In the aftermath, Nobel Laureate Muhammad Yunus was appointed the interim government’s chief advisor. This interim administration is responsible for restoring stability, managing the transition of power, and preparing the country for the upcoming national elections.

Many companies in Bangladesh have shut operations or asked employees to work remotely. Additionally, halted exports and supply chain disruptions will further increase challenge for firms operating from Bangladesh. This Risk Radar Newsflash highlights the concerns for firms in the backdrop of the Bangladesh’s political crisis and the urgent need to move operations from the country.

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