In Bangladesh, challenges hindering the achievement of economic equality are: low public expenditure on education, training, health, rural development and social protection.
The share of the total allocation for spending directly on poverty reduction has come down for the upcoming fiscal year despite persistently higher inflation, deepening the uncertainties of the poor.
The Covid-19 pandemic, the Russia-Ukraine war, the consequent price hikes and the global economic crisis have impeded the progress towards these goals
Bangladesh needs proper macroeconomic management to avoid middle income trap
Around eight million people in Bangladesh have come out of poverty between 2010 and 2016, according to the latest poverty assessment report of World Bank.
Bangladesh got about 19.3 million people out of poverty between 2004 and 2014, the fastest reduction in UNDP’s poverty index during that period.
Bangladesh's rate of poverty reduction has slowed down in recent years.
Protecting the rights of children and providing the essentials for their development must be part of the definition of poverty reduction.
The successful implementation of the NSSS will provide a strong basis for Bangladesh to extend proper social security to its poor and vulnerable populations. It recognises the differences in risks at different stages of the life cycle and provides support to various demographic groups.
AS per a report published by ESCAP titled 'Economic and Social Survey of Asia and the Pacific 2015', Bangladesh is ahead of both India and Pakistan in terms of inclusive growth.
EXTREME poverty is officially defined in Bangladesh in terms of total living expenses of a family falling short of the cost of minimum
CAN we really banish poverty in Bangladesh by the year 2030? I do not question the loftiness of the goal of eradicating poverty or the sincerity of policy makers and the economists. However, what gives me reasons for concern is the lack of evidence on the efficacy of various anti-poverty programmes, and the limited amount of time left to meet the target, i.e., only fifteen years remaining. Complicating the scenario is the evidence from research that the mainstay of our economic programmes to eradicate poverty in the last two decades, viz., employment generation in the garments sector and microcredit expansion, may not deliver the goods for those who live in poverty.
AS published in a leading Bangla daily, a study brought out by the General Economic Division of Planning Commission, poverty has reduced to 24.47 per cent.