Bangladesh PM Extends Her Rule In Polls Shunned By Rivals

(Bloomberg) -- Bangladesh Prime Minister Sheikh Hasina retained her title as the world’s longest serving female head of government after her party swept most of the parliament seats in an election boycotted by her opponents and voters.

Hasina’s Awami League party won 223 of 299 seats for a simple parliament majority, according to unofficial results from the offices of the Election Commission. The election for one seat was postponed.

The poll body has put the turnout at 41.8%, the second lowest since the country’s return to democracy in 1991. It’s a sharp drop from the 80% participation in polls in 2018, as voters heeded a campaign by the opposition Bangladesh Nationalist Party to shun the election and draw attention to the sweeping crackdown her government carried out in the run up to the polls. 

The vote was the culmination of a monthlong campaign beset by daily street protests, the jailing of Nobel Peace Prize winner Muhammad Yunus and viral videos of ruling party leaders pushing voters to cast ballots or risk losing government benefits.

Dhaka was deserted with heavy security around voting centers and there were few reports of clashes between opposition supporters and police officials. In a sign the country was still on edge, Hasina, who is also the president of the Awami League, asked supporters not to organize rallies to celebrate the victory, according to party official Sayem Khan.

The taka edged higher on Monday, rising 0.05% to 109.55 against the dollar, according to data compiled by Bloomberg. The nation’s currency dealers currently set limits on the exchange rate. 

Hasina, set for a fourth straight term in power, has overseen one of the fastest-growing economies in the world and lifted millions out of poverty as part of her development agenda — achievements often overshadowed by her turn to authoritarianism. 

Still, the economy is struggling with dollar shortages, which has prompted Moody’s Investors Service and others to downgrade Bangladesh’s credit ratings. The government was earlier forced to turn to the International Monetary Fund for $4.7 billion in emergency loans after the pandemic and soaring commodity prices depleted foreign exchange reserves. 

Speaking at a post-election briefing on Monday, Hasina said she remains focused on the country’s economic development. “Economic progress and a better life for everybody will be my main aim for the next five years,” said Hasina. “Development is my main aim.”  

About 120 million people were eligible to vote for 299 of the 350 seats in parliament. In recent weeks, prominent leaders from Awami League have been shown on social media video clips telling voters that they risked losing their benefits if they didn’t take part in the elections. 

The BNP boycotted the national vote in response to Hasina refusing to step aside and allowing a caretaker government to run the poll. In response her Awami League party targeted a 50% turnout and allowed some of its leaders to contest as independents to spur voter interest. 

As polling stations closed, opposition leaders congratulated voters for not casting their ballots, according to the Daily Star. 

“What we have been saying for the one year that the people of Bangladesh have turned down this government has been shown today before everyone in the country,” said BNP leader Abdul Moyeen Khan. “We’ll continue our movement together with the people in a peaceful process.”

The US, the biggest buyer of Bangladesh’s exports, called for free and fair election ahead of Sunday’s vote, and imposed visa curbs on members of Hasina’s ruling party and law enforcement officials in September.

Hasina defended her relationship with the US on Monday, saying Bangladesh has “good relationship” with Washington. “I want to continue to have good relationships with every country, to develop my country very quickly,” she added.   

Police arrested several opposition leaders in the months before the election. Hasina’s main rival and BNP leader Khaleda Zia faces suspended jail sentences on graft charges that her supporters say are trumped up. 

Human Rights Watch said in a November report that almost 10,000 opposition activists have been arrested since a planned rally by the BNP on Oct. 28. Nobel winner Yunus was given a six-month jail sentence by a Dhaka court last week in a case his supporters say was politically motivated.

(Updates with results, market reaction, Hasina comment)

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