Assignment on MDG-Bangladesh

Poverty Reduction Strategy Papers are prepared by member countries in broad consultation with stakeholders and development partners, including the staffs of the World Bank and the IMF. Updated with annual progress reports, they describe the country's macroeconomic, structural, and social policies in support of growth and poverty reduction, as well as associated external financing needs and major sources of financing. This country document for Bangladesh is being made available on the IMF website by agreement of the member country as a service to users of the IMF website.

Bangladesh remains one of the poorest countries in the world with 43% of people living on less than $1.90 per day, according to the World Bank, but it has also become one of the eleven emerging economies of the world. Bangladesh is one of the forerunners in achieving the first of eight Millennium Development Goals-reducing extreme poverty rates by a half between 1990 and 2015. With the MDG achievements, Bangladesh has built up a confidence to tackle the challenges of SDGs and achieve most of the goals by 2030, but some goals are so difficult where lot of investments will be required in achieving those targets. For example:

The purpose of this report is to document some of the aforementioned achievements over the 2000-2010 decade and to illustrate their collective impact on poverty in Bangladesh. To the extent possible, the analysis covers the key drivers of poverty reduction over what has been a remarkable decade for Bangladesh.

2018

Poverty Alleviation and Economic Development in Bangladesh, 2022

Recently Bangladesh, a South Asian country, is celebrating its Golden Jubilee ceremony of its Independence Day. After a nine-month Liberation war with the supreme sacrifices of three million freedom fighters, Bangladesh finally achieved independence on December 16, 1971. Since its liberation war in 1971, the country has been known for its tragedies: wrenching poverty, natural disasters, and nowadays one of the world's biggest refugee crises, after the influx of 750,000 Rohingya Muslims fleeing persecution in neighboring Myanmar. Now, Bangladesh has also become one of the world's economic success stories. Aided by a fast-growing manufacturing sector - its readymade garment industry is second only to China's, the garment trade that began in Bangladesh in the 1970s is now a $34.13 billion industry, -- Bangladesh's economy has averaged above 6% annual growth for nearly a decade, reaching 7.86% in the year through June. Now Bangladesh is in the leading position among the South Asian countries based on the GDP growth rate. The Government of Bangladesh has taken enormous measures in this hurdle-ridden journey of eradicating poverty from the country and ensuring beyond poverty development and human dignity for all. Bangladesh will be pronounced as a country where poverty has been eliminated; the ruling development and the governance policy are inclusive, people-centered, sustainable, and equitable; and all citizens live a healthy, educated and empowered, and humanly honorable life. To reduce poverty to gradually lift the vast majority of the people above the poverty line and improve the quality of life for the average citizen is the most crucial goal of the economic policy of the government of Bangladesh. The policy implications of these results show that economic growth is the foremost tool for fighting against poverty. From mass starvation in 1974, the country has achieved near self-sufficiency in food production for its 160 million-plus population. Per capita income has risen nearly threefold since 2009, reaching $1,750 by 2019. The number of people living in extreme poverty -- classified as under $1.25 per day -- has shrunk from about 19% of the population to less than 9% over the same period, as per the World Bank record.

Provides a sketch of Bangladesh’s socio-economic performance in the light of the UN’s Millennium Development Goals. After providing some background on these goals and on Bangladesh, this article considers trends in the incidence of poverty and hunger in Bangladesh, access to education and gender equality in Bangladesh, child mortality and maternal health, the incidence of important diseases in Bangladesh and Bangladesh’s progress in achieving environmental sustainability, particularly in relation to its use and development of its energy resources. In addition, Bangladesh’s involvement in global partnerships providing financial and other assistance to it are considered.