Interim government to leave 6-month food stock and $29 billion in reserves: Press Secretary

The interim government is concluding its tenure with $29 billion in foreign exchange reserves and a six-month food supply buffer, according to Shafiqul Alam, Press Secretary to the Chief Adviser.

Speaking at a press conference at the Foreign Service Academy on Sunday, Alam detailed the economic transition following the Advisory Council meeting. He noted that when Chief Adviser Professor Muhammad Yunus took office on August 5, 2024, the nation’s reserves stood at $15 billion, with a stagnant banking sector and several institutions facing insolvency.

"Through strategic interventions, we have nearly doubled the reserves to $29 billion," Alam stated. "This provides a safety net for at least six months of essential food imports, ensuring the next administration inherits a stable economic foundation."

Addressing governance and human rights, the Press Secretary claimed that no enforced disappearances occurred during the interim period. He highlighted that despite challenges from "fascist elements," the government successfully implemented structural reforms in the banking and administrative sectors while establishing a new legal framework for future stability.