Dhaka, May 13 -- Bangladesh is witnessing an alarming surge in oligarchic influence, with a small group of politically connected elites consolidating power across key sectors, raising concerns among experts about the nation's democratic integrity and economic stability.
The Centre for Policy Dialogue (CPD) stated that oligarchs are exploiting the banking system to further their interests, undermining good governance, transparency, and accountability in the financial sector.
Economist Debapriya Bhattacharya noted that despite Bangladesh's development, the benefits are not reaching everyone, indicating the emergence of an oligarchic society characterized by a significant concentration of wealth and political influence.
The South Asian Netw...