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9 Oct 2019 - Bangladesh has made significant progress in poverty reduction, with around 8 million people having come out of poverty in the country from 2010-2016, according to World Bank (WB).

“Bangladesh has come a long way in a short time in its fight to end poverty. In 2016, about 1 in 4 Bangladeshis were poor. Bangladesh halved poverty rates in a decade and a half, lifting over 25 million people out of poverty. From 2010-2016, about 8 million Bangladeshis were lifted out of poverty,” said the report.

The report, titled “Bangladesh Poverty Assessment, Facing old and new frontiers in poverty reduction,” was unveiled by WB at a Dhaka hotel on Monday.

The reduction of poverty and improvement to living conditions was mostly driven by labour income, and 90% of the poverty reduction was in rural areas, WB said in the report. 

However, 54% of the people are vulnerable to falling back into poverty, it added.

CONTINUE READING: https://www.dhakatribune.com/bangladesh/development/2019/10/07/wb-bangladesh-has-seen-8-million-come-out-of-poverty-in-7yrs

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Publication date: 
09/10/2019
Publication Organisation: 
Dhaka Tribune
Publication Author: 
Syed Zakir Hossain
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