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Development projects reduce rural poverty in Bangladesh

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Development projects in Bangladesh supported by the International Fund for Agricultural Development (IFAD) are making substantial progress in helping reduce rural poverty by improving agricultural productivity. Technological innovations and microenterprise development are among the key factors highlighted by a new country programme evaluation that will be presented on Sunday. The country programme’s target group includes people living in extreme and moderate poverty. Its targeting strategy starts by identifying geographic areas of poverty and then assessing household assets and needs – including food supply – in those areas. For example the haor areas in Sunamganj, and char areas in newly accreted land near sea in Noakhali, are remote and hard–to–reach inaccessible locations covered ...

A visit filled with aspiration

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Indian Prime Minister Narendra Modi’s ongoing visit to Bangladesh has generated a flurry of hope on both sides of the border. Foreign minister AH Mahmud Ali feels that this visit is extremely significant where multifaceted relations between Bangladesh and India are concerned. At a press conference in Delhi too, Indian foreign Secretary S Jaishankar said, this visit of Narendra Modi is a historic one in all senses. The land boundary agreement has opened new vistas of cooperation and goodwill. The Indian prime minister is leading an 81-member delegation. The delegation includes West Bengal chief minister Mamata Banerjee, India’s national security advisor Ajit Duval and foreign secretary S Jaishankar. However, prior to Modi’s visit it was made clear that the Teesta deal would n...

Bangladesh outpaces India on Human-Development Indicators

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India is richer, in terms of per-capita economic output, than its smaller neighbor, Bangladesh, and a greater proportion of Indians are connected to the Internet and have cellphones. But if you look more closely at other measures of development such as life expectancy, child survival and the proportion of girls to boys in secondary education, and Bangladesh comes out ahead. Indo-BanglaThe two countries spend the same proportion (1%) of their gross domestic product on healthcare, but India devotes more of its GDP (3%) to education tha...

CPD doubts revenue target achievement

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Centre for Policy Dialogue (CPD) doubted that the lion part of the target of the revenue earnings projected in the proposed national budget for 2015-16 fiscal may not be achieved. The think-tank voiced its doubt on Friday at a media briefing organized at capital’s BRAC Centre Inn to give its formal reaction to the national budget placed in parliament on Thursday for the 20105-16 fiscal. At the briefing, economist and CPD’s distinguished fellow Debapriya Bhattachariya made their presentation on the budget. CPD executive director Mostafizur Rahman placed the welcome speech. The CPD also thinks that turning the dream the finance minister dreamt in the proposed budget of breaking free of 6 per cent GDP growth trajectory into reality would be difficult if the proposed revenue target...

Tk 2.95 trillion budget

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Finance minister Abul Maal Abdul Muhith Thursday proposed Tk 2.95 trillion (Tk 2,95,100 crore) national budget with a deficit of Tk 86,657 crore in parliament. He sets the target of attaining economic growth at 7 per cent at the end of the 2015-16 fiscal. muhith-1“Our main objective in this fiscal year’s budget will be to break free of the 6 per cent growth trap, and climb up to higher growth trajectory,” the finance minister hoped while unveiling the budget in parliament. The budget of the outgoing fiscal 2014-15 was proposed at Tk 2.5...

Govt joins Better Than Cash Alliance for digital financial service

Aligned with the nation’s Digital Bangladesh Vision 2021, the Government today announced it will accelerate its transition from cash to digital payments, marked by a new partnership with the Better Than Cash Alliance. With mounting evidence that digital financial services are a sustainable strategy to deliver effective govtaccess to financial services for all citizens, the move also supports the Government’s efforts to advance financial inclusion. The Government plans to digitize all forms of social safety payments to citizens, and all forms of fees ...