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.
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.
Though there are many views on 'inclusive growth', the key consensus is that inclusive growth is a growth process which reduces poverty, inequality and social exclusion and promotes 'decent' jobs and economic and social cohesion.
