Bangladesh’s progress on poverty reduction, in the light of the SDGs, is redeeming, if not remarkable. According to an official document, during the Seventh Five-Year Plan period, extreme poverty decreased from 12.9 per cent in 2016 to 10.5 per cent in 2019, with the poverty elasticity of GDP growth at 0.8. This elasticity, compared to 1.1 in earlier periods, indicates that the rate of poverty reduction has slowed down. It may be mentioned here that a large number of people fell into poverty following the Covid outbreak, commonly referred to as the new poor.
Bangladesh’s progress on poverty reduction, in the light of the SDGs, is redeeming, if not remarkable. According to an official document, during the Seventh Five-Year Plan period, extreme poverty decreased from 12.9 per cent in 2016 to 10.5 per cent in 2019, with the poverty elasticity of GDP growth at 0.8. This elasticity, compared to 1.1 in earlier periods, indicates that the rate of poverty reduction has slowed down. It may be mentioned here that a large number of people fell into poverty following the Covid outbreak, commonly referred to as the new poor.
