DHAKA -- Bangladesh has begun a process of unwinding subsidies and preparing to graduate out of Least Developed Country status in 2026, prompting an outcry from the crucial apparel industry but also cautious optimism from some experts.
Economy
Bangladesh weans garment industry off subsidies for new-look economy
Dhaka faces outcry over early transition from a 'least developed country'
A garment factory in Gazipur, Bangladesh. The country has sustained companies with cash incentives on their exports, but it is dialing them back. © Reuters
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