It may be a little too early to declare economic recovery, but certainly the growing forex reserve, remittance inflow, and surging exports are symptoms of the recovery that Bangladesh is aiming for. Bangladesh appears on the right track, though many other challenges remain.

Some speculate that Bangladesh’s pivot toward China, which has invested $23 billion in the country, may have influenced US policies towards Bangladesh. With China among Bangladesh’s key stakeholders, geopolitical considerations will play a significant role in Bangladesh’s energy security treaty negotiations with the US.