bangladesh \lifts 13 mln from poverty\
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Bangladesh 'lifts 13 mln from poverty'

Arab Today, arab today

Arab Today, arab today Bangladesh 'lifts 13 mln from poverty'

Dhaka - AFP

Bangladesh lifted 13 million people out of poverty in the five years to 2010, pushing the poverty rate in the South Asian country down to 31.5 percent, the government said Wednesday. A nationwide survey, sponsored by the World Bank, found some 46.8 million people were classified as "poor" at the end of 2010, down from more than 60 million in 2005, said senior Planning Ministry official Shamsul Alam. "It's one of fastest paces of poverty decline in the country's history and has been driven by a boom in remittances, welfare spending, exports and the huge growth of non-farm sectors in the rural areas," he told AFP. "This is an impressive achievement by any standard," said Sanjay Kathuria, World Bank Country Office acting head. In the survey, "poor" was classified as someone unable to buy food that provides 2,122 kilocalories of nutrition per day. Remittances shot up to $11 billion in 2010 from $4.8 billion in 2005 while exports nearly doubled in the same period, Alam said, adding the government had boosted social welfare spending by 53 percent to $2.5 billion. "Remittances played the single biggest role because most money sent by our millions of migrant workers went to poor villages. Garment factories, the mainstay of exports, also created jobs for three million poor girls," he said. According to the survey, rural poverty declined to 35.2 percent in 2010 from 43.8 percent in 2005, while urban poverty fell to 21.3 percent from 28.4 percent in the same period. Rural areas are home to some 70 percent of Bangladesh's 150 million population. According to official statistics, some 60 percent of Bangladeshis lived below the poverty line in 1990. Impressive economic growth -- averaging five percent annually through the 1990s and six percent in the 2000s -- saw the number drop to 49 percent in 2000 and 40 percent in 2005.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bangladesh \lifts 13 mln from poverty\ bangladesh \lifts 13 mln from poverty\

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bangladesh \lifts 13 mln from poverty\ bangladesh \lifts 13 mln from poverty\

 



GMT 08:40 2017 Sunday ,24 December

Hurting Madrid refuse to throw in the towel - Zidane

GMT 12:54 2016 Monday ,19 September

Munich's Oktoberfest opens amid tight security

GMT 10:06 2016 Friday ,19 August

Murray survives grueling day for top seeds

GMT 12:12 2017 Saturday ,05 August

Pakistani Premier meets British FM

GMT 20:00 2017 Thursday ,19 October

Egypt to tackle overpopulation

GMT 03:07 2018 Friday ,19 January

Amazonians want pope to come to their defense

GMT 09:13 2018 Tuesday ,16 January

Volkswagen reports record global car sales

GMT 13:50 2017 Saturday ,11 February

Tanzanian president appoints new anti-narcotics team
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday