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Bangladesh can eradicate extreme poverty by 2021, analysts say
Star Business Report
Bangladesh has the capacity to eradicate extreme poverty by 2021, well before other countries in the subcontinent, analysts said yesterday.
To achieve this, Bangladesh needs to bring one million extreme poor families out of poverty each year until 2020, they said.
The observation came at an inter-ministerial meeting co-organised by the Rural Development and Cooperatives Division (RDCD) of the government and Economic Empowerment of the Poorest (EEP) at Cirdap auditorium in Dhaka.
EEP, a partnership programme between the Department for International Development (DFID) and the government, was adopted to eradicate extreme poverty to achieve the millennium development goals.
MA Quader Sarker, secretary to RDCD, chaired the discussion attended by representatives of 10 ministries, which are directly involved in the process of dealing with the poor.
Bangladesh has 2.5 crore extreme poor people or nearly 60 lakh families, according to Household Income and Expenditure Survey 2010. Extreme poverty is often chronic and lasts for years affecting generation after generation.
To bring down extreme poverty, all stakeholders, both public and private, need to take collective action that includes design and implementation of a national programme to enable 60 lakh families to be engaged with the market, speakers said.
They said prioritising the needs of the extreme poor and promoting institutional and policy reforms are vital to addressing extreme poverty.
Sarker said, “We'll do everything to ensure that the extreme poor have a fair chance at a free and dignified life.”
Asadul Islam, project director of EEP, said they have received endorsements from different sectors of the society, policymakers, government officials, and civil society.
Shazia Omar, head of advocacy of EEP, said Bangladesh has shown great strides in development in the sectors from microfinance to maternal mortality and family planning.
Geof Wood, professor in University of Bath in UK, also spoke on the occasion.
1. If Bangladesh had achieved freedom from Pakistan a decade or two earlier it would be much more prosperous now. Both Malaysia and Indonesia used to be behind Bangladesh, now they are way ahead.
2. The Communist Party of China apparently removes 1 million people out of poverty a month.
It's population is around 10 times more than that of Bangladesh's, so whereas Bangladesh could remove 1 million people out of poverty per year the Chinese do it every month.
3. Though India has a bigger economy on Bangladesh on paper, in reality the rich-poor divide in India is far greater excarcebated with the inhumanity, cruelty and brutality of the caste system.
Sri Lanka is the most advanced state in south Asia socio-economically more than Bangladesh, India or Pakistan.
4. "Lakh" is a south Asian term meaning one hundred thousand, so 60 lakh = 6 million.
Reducing extreme poverty dramatically can be done within the next decade.
Then things such as "Digital Bangladesh 2021" can be realized.
Digital Bangladesh - YouTube
Star Business Report
Bangladesh has the capacity to eradicate extreme poverty by 2021, well before other countries in the subcontinent, analysts said yesterday.
To achieve this, Bangladesh needs to bring one million extreme poor families out of poverty each year until 2020, they said.
The observation came at an inter-ministerial meeting co-organised by the Rural Development and Cooperatives Division (RDCD) of the government and Economic Empowerment of the Poorest (EEP) at Cirdap auditorium in Dhaka.
EEP, a partnership programme between the Department for International Development (DFID) and the government, was adopted to eradicate extreme poverty to achieve the millennium development goals.
MA Quader Sarker, secretary to RDCD, chaired the discussion attended by representatives of 10 ministries, which are directly involved in the process of dealing with the poor.
Bangladesh has 2.5 crore extreme poor people or nearly 60 lakh families, according to Household Income and Expenditure Survey 2010. Extreme poverty is often chronic and lasts for years affecting generation after generation.
To bring down extreme poverty, all stakeholders, both public and private, need to take collective action that includes design and implementation of a national programme to enable 60 lakh families to be engaged with the market, speakers said.
They said prioritising the needs of the extreme poor and promoting institutional and policy reforms are vital to addressing extreme poverty.
Sarker said, “We'll do everything to ensure that the extreme poor have a fair chance at a free and dignified life.”
Asadul Islam, project director of EEP, said they have received endorsements from different sectors of the society, policymakers, government officials, and civil society.
Shazia Omar, head of advocacy of EEP, said Bangladesh has shown great strides in development in the sectors from microfinance to maternal mortality and family planning.
Geof Wood, professor in University of Bath in UK, also spoke on the occasion.
1. If Bangladesh had achieved freedom from Pakistan a decade or two earlier it would be much more prosperous now. Both Malaysia and Indonesia used to be behind Bangladesh, now they are way ahead.
2. The Communist Party of China apparently removes 1 million people out of poverty a month.
It's population is around 10 times more than that of Bangladesh's, so whereas Bangladesh could remove 1 million people out of poverty per year the Chinese do it every month.
3. Though India has a bigger economy on Bangladesh on paper, in reality the rich-poor divide in India is far greater excarcebated with the inhumanity, cruelty and brutality of the caste system.
Sri Lanka is the most advanced state in south Asia socio-economically more than Bangladesh, India or Pakistan.
4. "Lakh" is a south Asian term meaning one hundred thousand, so 60 lakh = 6 million.
Bangladesh has 2.5 crore extreme poor people or nearly 60 lakh families, according to Household Income and Expenditure Survey 2010.
Reducing extreme poverty dramatically can be done within the next decade.
Then things such as "Digital Bangladesh 2021" can be realized.
Digital Bangladesh - YouTube