Bangladesh Sixth Five Year Plan FY-2011-2015 Accelerating Growth and Reducing Poverty (Part 3)

[Accelerating growth and reducing poverty]

Over the past 40 years since independence, Bangladesh has increased its real per capita income by more than 130 percent, cut poverty rate by sixty percent, and is well set to achieve most of the millennium development goals. Some of the underlying specific achievements include, reducing total fertility rate from 7.0 to 2.7; increasing life expectancy from 46.2 years- to 66.6 ; increasing the rate of economic growth from an average rate of 4% in the 1970s to- 6% in the 2000s; increasing the savings and investment rates from below 10 percent each in- the 1970s to 24 percent (investment rate) and 30 percent (savings rate) in FYIO; achieving- gender parity in primary and secondary education; and more than tripling of the production of- rice (from 10 million tonnes in FY73 to 32 million tonnes in FYIO) thereby achieving near- self-sufficiency in normal production years. The economy today is lot more flexible and- resilient, as indicated by the ability to withstand the global financial crisis with minimum- adverse effects. Bangladesh also is now much more capable of handling natural disasters with- minimum loss of life. Bangladesh achieved this remarkable progress with development despite numerous internal and external constraints Notwithstanding this past progress, the Government recognizes that Bangladesh is still a low- income country with substantial poverty, inequality and deprivation. An estimated 47 million people arc living below the poverty line with a significant proportion living in households which arc female headed, in remote areas, and consisting of socially excluded and other- vulnerable people. Most of the labor force is engaged in informal low productivity and low income jobs. The access to secondary and tertiary education is limited and the quality of- education at all levels is deficient. The poor group of the population is severely disadvantaged in terms of ownership of assets and has inadequate access to institutional finance as well as to basic services including quality education, healtheare, water and sanitation. These people, and among them especially women and children, are also disproportionately affected by natural disasters and the adverse effects of climate change. Despite expansion, publicly supported mitigating measures in the form of social protection programs are still inadequate

Date and language
May 2011
Agris Subject Categories: 
Food Security
Physical Location: 
FPMU Documentation Center
Classification Number: 

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