Bangladesh poverty numbers down sharply, World Bank says
DHAKA (Reuters) - The number of people living in poverty in Bangladesh has fallen sharply over a decade, to 47 million from 63 million, a new World Bank report said on Thursday.
Despite a growing population of 160 million, the number of poor people declined by 26 percent between 2000 and 2010, it said.
The Bank's definition of "poverty" was an income of less than $2 a day, or a calorie intake of less than 2100 calories.
The report, "Bangladesh Poverty Assessment: Assessing a Decade of Progress in Reducing Poverty, 2000-2010," launched on Thursday, said poverty reduction was closely linked to the growth in labour income and demographic change.
Fertility rates have been steadily dropping for decades, resulting in lower dependency ratios and higher income per capita.
A series of external shocks hit Bangladesh in 2007 and 2008 but did not significantly slow down the speed of poverty reduction, the report said.
"Against the odds, Bangladesh lifted 16 million people out of poverty in the last 10 years and also reduced inequality; that is a rare and remarkable achievement," said Johannes Zutt, World Bank Country Director for Bangladesh.
"Bangladesh now needs to help a growing population of young adults to obtain the skills and education needed to find productive work and to participate fully in Bangladesh's social and political life."
The largest improvements were in amenities households owned, such as television sets and cellular phones. (Reporting by Serajul Quadir; editing by Andrew Roche)
- Tweet this
- Share this
- Digg this
- North Korea says Jang Song Thaek, uncle of leader Kim Jong Un, executed
- North Korea executes leader's powerful uncle in rare public purge
- Micromax aims to go global, high-end with smartphones
- BSE Sensex marks biggest weekly fall in nearly a month
- UPDATE 1-Air strike kills 15 civilians in Yemen by mistake -officials
Micromax, which has become India's No. 2 smartphone brand just five years after selling its first handset - a $30 made-in-China model, is looking to go upmarket and overseas. Full Article
North Korea says Jang Song Thaek, uncle of leader Kim Jong Un, executed. Full Article
“What the Fish” is a comedy about a cranky old woman, her beloved goldfish, and a group of reckless, irresponsible young people. Full Article