NEW DELHI: Yet another South Asian country has come under the trap of falling foreign exchange reserves and soaring trade deficit. Protests, blackouts, sudden surge in fuel prices have forced people in Bangladesh- just like Sri Lanka and to some extent in Pakistan- to come out into the streets to raise their concerns.
The power shortfalls have been worsened by a depreciating currency and a financial shock triggered by volatile global energy prices sparked by the Russia's invasion of Ukraine.
