The COVID-19 pandemic, the war in Ukraine, and the increase in natural disasters caused severe damage to the economy of many nations including the developed ones. Just like other developing nations Bangladesh is going through inflation, currency loss of value, and declining external reserve caused by a decline in import revenue.

But the country's major problem is corruption.  Bangladesh is ranked 147 among 180 nations in the Global Corruption Perception Index (CPI) of Transparency International. It is also the second most corrupt nation in South Asia. In a country where the meager resources that would have been used to develop the country are diverted to the personal bank accounts of corrupt politicians, such a nation might never be free from economic woes. The citizens know that Bangladesh's main problem is corruption which is why there have been many public uprisings, riots, and demonstrations to remove these corrupt politicians from power but many of them have been unsuccessful.