Bangladesh Poverty Assessment : Facing Old and New Frontiers in Poverty Reduction, Volume 2 Background Papers
Bangladesh has an inspiring story of reducing poverty and advancing development. Since 2000, the country has reduced poverty by half. In the last decade and a half, it lifted more than 25 million out of poverty. The country’s economy remained robus...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/428911572583239007/Background-Papers http://hdl.handle.net/10986/32755 |
| Summary: | Bangladesh has an inspiring story of
reducing poverty and advancing development. Since 2000, the
country has reduced poverty by half. In the last decade and
a half, it lifted more than 25 million out of poverty. The
country’s economy remained robust and resilient even in the
face of many challenges. All sectors of the economy have
contributed to poverty reduction. This has been accompanied
by enhanced human capital, lower fertility rates and
increased life expectancy, which have also significantly
contributed to increase households’ ability to earn more and
exit poverty. Yet, behind this progress, there are emerging
contrasts. As the country is rapidly urbanizing, its rural
and urban areas did not experience the same level of poverty
reduction. The rural areas reduced poverty impressively,
accounting for 90 percent of the poverty reduction since
2010. But, in urban areas, progress has been slower and
extreme poverty has not decreased. The country’s higher
economic growth in the last decade has not led to a faster
poverty reduction. Specially, poverty has stagnated and even
increased in the Western divisions while the Eastern
divisions fared better. This report highlights the need for
both traditional and fresh solutions. To end extreme poverty
by the next decade, Bangladesh will need to continue to
build on its successes, such as family planning, educational
attainments, and growth in agriculture and manufacturing.
But at the same time, it will need solutions to overcome new
and re-emerging frontiers of poverty reduction. |
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