How the World Bank tried to muscle into a newly-liberated Bangladesh but failed – Scroll.in
Bangladeshs heavy dependence on foreign aid in those early years made us vulnerable to pressure from aid donors. This was particularly uncomfortable for those of us in the Commission who had for many years criticised the hegemonic influence of the USA and the World Bank in the politics and policy agendas of the Pakistan state through the 1960s.
In the immediate aftermath of liberation, we discovered that Tajuddin Ahmad was even more strongly inimical to restoring any form of aid dependence on the USA and the World Bank.
When Bangladesh was liberated on 16 December 1971, the World Bank had every expectation of capitalising on the positive position it assumed during the war and hoped to establish ready access to the political leadership and decision-makers in Bangladesh. In early February 1972, Nurul Islam received a message from Cargill that the Bank president, Robert McNamara, was keen to use his official visit to India to visit Bangladesh. He offered to fly from Kolkata to Dhaka by helicopter to discuss the Banks possible contribution to reconstructing the war-devastated economy.
The political mood at that stage was highly nationalistic and animated by suspicion towards the USA. The Banks president was regarded as a card-carrying member of the Washington power elite even though he was no longer serving the government.
Furthermore, the Bank had as yet not formally recognised the sovereignty of Bangladesh by accepting us as a member. There was some suggestion led by Tajuddin Ahmad, who was then minister of finance and planning and was particularly hostile to any idea of restoring Western influence over Bangladesh, that we have nothing to do with the Bank or the USA. Bangabandhu, however, took the position that this would be a gratuitous discourtesy but that no great event should be made of McNamaras visit.
He, the president of one of the most powerful international institutions in the world, was coming personally to this destitute, war-shattered country as an angel of mercy anxious to put Bangladesh under the Banks bounty. He expected the overwhelmed government to lay down a red carpet for him and his Bank.
In their long-standing relations with Pakistan, Cargill as vice-president of the Bank had always been received on arrival by none other than the deputy chairman of the Commission and was royally feted by him. The Bank, at the least, expected similar treatment by Nurul. Cargill hoped to renew relations with me on as cordial terms as when he had hosted me at the Royal Monceau hotel in Paris in 1971. Sadly for the Bank, we were both advised to avoid any direct contact with the Bank.
Whilst the encounter was a major blow to McNamaras ego and reflected poorly on the public relations skills of the new regime, it certainly conveyed to the Bank the political mood in Bangladesh and the awareness that Bangladesh at that stage was unwilling to open itself up as a pasture to donor influence.
In this world, I found no socialists and my idealistic attempts to invoke notions of socialist fraternity in negotiating terms were contemptuously disregarded. We should have learnt from our experience, as we are learning today in our dealings with the Chinese version of socialism, that socialism as we understood it was largely a product of the romantic imagination of the Third World and Western intellectuals of a Left-wing persuasion.
It was virtually impossible on visits to socialist countries to find anyone, apart from leaders of the Communist Party, who was at all inclined to discuss the issue of socialism as it applied to their country or as a general concept. The disintegration of socialism in Europe did not come as a great surprise to me though the speed and totality of the process were beyond my imagination.
In Dhaka, we had already noted how some officials from the economic sections of the various embassies from the socialist countries were making private business deals with Bangladeshi middlemen, usually with political connections, and accumulating small fortunes before they returned home. We noted that some of the principal suppliers to stores in Gulshan of duty-free canned provisions, stores and under-the-counter alcoholic drinks originated from the staff of these embassies.
In those early days, those on the Left entertained the belief that because the West had colonised us and was the principal hegemonic force in the world, they must be challenged at all points. The corresponding notion that openings to the socialist world would provide us with compensatory benefits was founded on our imperfect reading of literature. It was only when we came to do business with them that we learnt of the gap between the imagined and the real world in these countries.
Excerpted with permission from Untranquil Recollections: Nation-Building in Post Liberation Bangladesh, Rehman Sobhan, Sage India.
More:
How the World Bank tried to muscle into a newly-liberated Bangladesh but failed - Scroll.in
- Editorial: President Trumps brand of socialism has no place in a revival of Americas nuclear power industry - Chicago Tribune - December 10th, 2025 [December 10th, 2025]
- Sen. Rick Scott Calls for Passage of Resolution Denouncing Socialism: Its the Antithesis of the American Dream - U.S. Senator Rick Scott (.gov) - December 10th, 2025 [December 10th, 2025]
- Seminar: Cuba and China reinforce the validity of socialism as a development model for both peoples. - Workers World - December 10th, 2025 [December 10th, 2025]
- Socialism: Here, There, and Everywhere - Countercurrents - December 10th, 2025 [December 10th, 2025]
- LETTERS: Don't accept the immigration insanity; socialism creep in CFP - Waco Tribune-Herald - December 10th, 2025 [December 10th, 2025]
- The World Keep Turning: Mamdani, Costco and socialism - Greenfield Recorder - December 5th, 2025 [December 5th, 2025]
- Socialism Against the State - tribunemag.co.uk - December 5th, 2025 [December 5th, 2025]
- Billionaire sounds alarm on socialism: Theyre trying to change our way of life - Fox Business - December 4th, 2025 [December 4th, 2025]
- How a Trip to Poland Convinced Me That Socialism Works - The Imaginative Conservative - December 4th, 2025 [December 4th, 2025]
- Maureen Dowd: My brother believes that America will never buy socialism - The Irish Times - December 4th, 2025 [December 4th, 2025]
- US Democrats and Republicans Approve Resolution Condemning Evils of Socialism - ZENIT - English - December 4th, 2025 [December 4th, 2025]
- Prefecture Party Secretary Intensifies Ideological Demands: Tibetan Buddhism Must be Sinicized and Adapt to Socialism - Central Tibetan Administration - December 4th, 2025 [December 4th, 2025]
- Podcast: Is economic anxiety driving people to socialism? - Reason Magazine - December 4th, 2025 [December 4th, 2025]
- Socialism is popular, but government is still the problem - Washington Examiner - December 4th, 2025 [December 4th, 2025]
- The December 9 Protest in Tanzania, Nyereres African Socialism and the Struggle for Permanent RevolutionPart Four - World Socialist Web Site - November 30th, 2025 [November 30th, 2025]
- Letter stating that socialism will ruin US was hyperbolic [letter] - LancasterOnline - November 30th, 2025 [November 30th, 2025]
- Youth and Socialism: The Emerging Trend Reveals Growing Support Among Voters - La Voce di New York - November 30th, 2025 [November 30th, 2025]
- Liberty vs. socialism: The cases of Louisiana and New York - Washington Times - November 30th, 2025 [November 30th, 2025]
- The December 9 protest in Tanzania, Nyereres African Socialism and the Struggle for Permanent RevolutionPart Three - World Socialist Web Site - November 28th, 2025 [November 28th, 2025]
- What Socialism Got Right - In These Times - November 26th, 2025 [November 26th, 2025]
- The December 9 Protest, Nyereres African Socialism and the Struggle for Permanent RevolutionPart Two - World Socialist Web Site - November 26th, 2025 [November 26th, 2025]
- Resolution denouncing socialism passes in the House, ahead of Mamdani visit with Trump - Deseret News - November 26th, 2025 [November 26th, 2025]
- Zohran Mamdani and Donald Trump Prove That There Are Two Paths Toward Socialism - Reason Magazine - November 26th, 2025 [November 26th, 2025]
- These 2 Arizona Congress members opposed measure decrying socialism - azcentral.com and The Arizona Republic - November 26th, 2025 [November 26th, 2025]
- Watch: Carter denounces the horrors of socialism - U.S. Representative Buddy Carter (.gov) - November 26th, 2025 [November 26th, 2025]
- The Wave of Evolutionary Socialism in American Cities: News Article - Independent Institute - November 26th, 2025 [November 26th, 2025]
- They really think this is how socialism works. They're going to destroy the New York economy. - facebook.com - November 26th, 2025 [November 26th, 2025]
- Denouncing Socialism - Congressman Tom Mcclintock (.gov) - November 26th, 2025 [November 26th, 2025]
- Socialism and the soul of the Packard Foundation - Capital Research Center - November 26th, 2025 [November 26th, 2025]
- Mamdani dodges question on socialism vote ahead of high-stakes meeting with Trump - Fox News - November 26th, 2025 [November 26th, 2025]
- Horrors of socialism: The new red scare that preempts debate | Opinion - Idaho Statesman - November 26th, 2025 [November 26th, 2025]
- Armstrong Williams: Socialism is the equal sharing of misery | STAFF COMMENTARY - Baltimore Sun - November 26th, 2025 [November 26th, 2025]
- The December 9 protest in Tanzania, Nyereres African Socialism and the Struggle for Permanent RevolutionPart One - World Socialist Web Site - November 26th, 2025 [November 26th, 2025]
- Political Landscape Shifts As Alabama's Figures And Sewell Take Opposing Stands On Socialism - Tuscaloosa Thread - November 26th, 2025 [November 26th, 2025]
- Socialism may be the rage in NYC, but not in Fairfax County! - Fairfax County Times - November 26th, 2025 [November 26th, 2025]
- MINI: Don't kind yourself, socialism is alive and well in this country - Sioux City Journal - November 26th, 2025 [November 26th, 2025]
- The Rise of Zohran Mamdani and Socialism in America - Heartland on the Lars Larson Show - The Heartland Institute - November 26th, 2025 [November 26th, 2025]
- The Democratic Party Is Offering a False Choice Between Socialism and Technocracy - Reason Magazine - November 26th, 2025 [November 26th, 2025]
- Martin: The American Dream still outshines socialism - The Detroit News - November 20th, 2025 [November 20th, 2025]
- Opinion | Gen Z, Socialism and the Memes of Production - The Wall Street Journal - November 20th, 2025 [November 20th, 2025]
- Socialism will 'help the Republican Party if it spreads,' influencer says - Fox News - November 20th, 2025 [November 20th, 2025]
- BELMONTE | The Scariest Thing This Halloween Was Socialism - The Cornell Daily Sun - November 20th, 2025 [November 20th, 2025]
- PETROVA | The Red Sun Rises: How Democratic Socialism Swept the Vote - The Cornell Daily Sun - November 20th, 2025 [November 20th, 2025]
- David North to speak in London November 22: The American Volcano: Towards Fascism or Socialism - World Socialist Web Site - November 20th, 2025 [November 20th, 2025]
- Horace Cooper: Socialism Destroys Everything It Touches - The National Center - November 20th, 2025 [November 20th, 2025]
- Socialism 2025: Armed with socialist ideas, we can change the world! - Socialist Party - November 20th, 2025 [November 20th, 2025]
- Martin County falls victim to socialism trend. Vero Beach home to aging heroes | Letters - Treasure Coast News - November 20th, 2025 [November 20th, 2025]
- Bill Maher's terribly confused socialism rant may have gotten one thing right - lastnighton.com - November 20th, 2025 [November 20th, 2025]
- GEN Z LOVES SOCIALISM, BUT DONT KNOW WHAT IT IS Theyre not reading Karl Marx. Theyre just vibing with TikToks promising free stuff and no more... - November 20th, 2025 [November 20th, 2025]
- Building The Movement For Socialism In The Age Of Trump 2.0: Socialist Alternative Convention 2025 - Socialist Alternative - November 18th, 2025 [November 18th, 2025]
- The Savage Heart of Socialism: Fear and Loathing Among the Democratic Socialists of America - The Daily Economy - November 18th, 2025 [November 18th, 2025]
- Bill Maher on now socialism is tainting the Democratic party - Why Evolution Is True - November 18th, 2025 [November 18th, 2025]
- Great interest in Berlin meeting Where is America Heading? Socialism or Barbarism?, to be addressed by American Trotskyist David North - World... - November 18th, 2025 [November 18th, 2025]
- Can socialism ever be more than just a fad in America? - The Fulcrum - November 18th, 2025 [November 18th, 2025]
- To save Ohio, Party for Socialism and Liberation says look beyond capitalism | Opinion - Akron Beacon Journal - November 18th, 2025 [November 18th, 2025]
- Seattle Mayor-Elect Katie Wilson Thinks She Is the Exception to Socialism - The Daily Signal - November 18th, 2025 [November 18th, 2025]
- Column: Socialism: What it was, what it is and what it will be - The Augusta Press - November 18th, 2025 [November 18th, 2025]
- Bill Maher Rails Against Democratic Socialism on HBOs Real Time - IMDb - November 18th, 2025 [November 18th, 2025]
- Zohran Mamdani and the ugly rebirth of the socialism of fools - Spiked - November 18th, 2025 [November 18th, 2025]
- Questions on tipping culture; Thoughts on socialism; Letters to the Editor for Nov. 16, 2025 - LancasterOnline - November 18th, 2025 [November 18th, 2025]
- Socialism and Liberalism: Articles of Conciliation? - Dissent Magazine - November 18th, 2025 [November 18th, 2025]
- Charlamagne: Affordability, not socialism, is whats resonating in NYC - CNN - November 5th, 2025 [November 5th, 2025]
- New York City chose Mamdani. Now we get to see full-blown socialism in action. | Opinion - USA Today - November 5th, 2025 [November 5th, 2025]
- Where has socialism worked? What does Zohran Mamdani stand for and what are his plans for New York? - Diario AS - November 5th, 2025 [November 5th, 2025]
- What to Know About Democratic Socialism, the Progressive Movement Championed by Bernie, AOC and Zohran Mamdani - People.com - November 5th, 2025 [November 5th, 2025]
- After election night, GOP expected to center messaging on Mamdani and socialism - Scripps News - November 5th, 2025 [November 5th, 2025]
- Readers sound off on socialism spreading, health insurers and lies about migrants - New York Daily News - November 5th, 2025 [November 5th, 2025]
- Why Zohran Mamdanis Socialism Might Have a Future Outside New York City - NOTUS News of the United States - November 5th, 2025 [November 5th, 2025]
- World Socialism Forum: Italian scholar: the world faces a choice between conflict and cooperation - news.cgtn.com - November 5th, 2025 [November 5th, 2025]
- New York City chose Mamdani. So how will 'democratic socialism' play out in the US? - The Herald - November 5th, 2025 [November 5th, 2025]
- How global media reported US election, Mamdani's win: From signal to Trump to NYC's love for socialism - livemint.com - November 5th, 2025 [November 5th, 2025]
- Indonesia is building an economy that combines the best of socialism and capitalism - Peoples Dispatch - October 28th, 2025 [October 28th, 2025]
- Will Cain: Socialism is the brand of Democrats - Fox News - October 28th, 2025 [October 28th, 2025]
- REP. SALAZAR AND SEN. RICK SCOTT INTRODUCE RESOLUTION CONDEMNING SOCIALISM AS A FAILED IDEOLOGY - House.gov - October 28th, 2025 [October 28th, 2025]
- Will Cain: Socialism is the brand of Democrats - Yahoo - October 28th, 2025 [October 28th, 2025]
- Watch | Bihar: Between Socialism & Hindutva | Nistula Hebbar in conversation with Ajay Singh - The Hindu - October 26th, 2025 [October 26th, 2025]
- Why privileged young New Yorkers love socialism and Zohran Mamdani - The Times - October 24th, 2025 [October 24th, 2025]
- Chinas progress proves socialism is the only viable framework for saving the planet - mronline.org - October 24th, 2025 [October 24th, 2025]
- Bees Expose Flaw in Socialism, Whether Autocratic or Democratic - The Daily Economy - October 24th, 2025 [October 24th, 2025]
- Driving the building of socialism across the country - Nhan Dan Online - October 24th, 2025 [October 24th, 2025]