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Perspective Plan of Bangladesh 2021-2041

Country
Type of law
Policy
Source

Abstract
The Bangladesh government has adopted Vision 2041 as a continuation of Digital Bangladesh Vision 2021, seeking to take the nation to the development path. Specifically, Vision 2041 seeks to eliminate extreme poverty and reach Upper Middle-Income Country (UMIC) status by 2031, and High-Income Country (HIC) status by 2041 with poverty approaching extinction. To convert Vision 2041 into a development strategy, with policies and programmes, this document launches Making Vision 2041 a Reality: Perspective Plan of Bangladesh 2021-2041 (PP2041). Vision 2041 and the associated PP2041 rely on four institutional pillars that will be harnessed by the people, who are the principal drivers of growth and transformation. These are (i) governance; (ii) democratization; (iii) decentralization and (iv) capacity building.
Rapid growth will be balanced with an emphasis on equitable distribution of the benefits of growth for all, especially the poor and the vulnerable. In that sense, one of the key elements identified by the document is food security. The document aims at building a sustainable agriculture to ensure food security and nutrition, diversified and also climate-resilient over the long-term. Along with food production, the document highlights the importance of measures in order to reduce food waste, specially the post-harvest loss and habitual wastages of valuable foods by rich people.
In order to ensure equitable access to food security and education, the Policy proposes several changes in agriculture, aiming at bridging a transformation of the rural agrarian economy into industrial and digital economies. Some of the agriculture sector priorities for the future under the policy are: creating opportunities for Sustainable Agriculture and Green precision agriculture, emphasizing on soil and water conservation, land development, drainage and flood control, and reclamation program; promoting agricultural diversification and expansion of horticultural crops; introduction and popularization of Good Agricultural Practices (GAP); farm mechanization; Post-Harvest Management in order to prevent postharvest losses and enhance farmers income; Value chain development for identifying constraints to marketing supply cannel for rationalizing prices of agricultural produce; and agricultural research.
The Urban transition will be an essential part of the strategy to move to a high-income Economy. The target of Vision 2041 is that by 2041, all citizens will be guaranteed a minimum quality of life based on employment income for all who seek work and social protection benefits for the vulnerable population who cannot participate in the labour market owing to age and physical disabilities. The document analyses from passed experiences relevant factors for poverty reduction. Factors that have been particularly beneficial for poverty reduction include improvements in farm productivity and incomes, expansion of rural non-farm employment through inflow of remittances, improvements in rural infrastructure, micro-credit programmes, expansion of low-skilled jobs in manufacturing, especially garment industry, and growth of urban services activities. The document concludes that The spread of microcredits plays an important role in creating non-farm employment, in improving the asset base of the poor and in smoothing consumption. Continued focus on microcredit will be important for further reducing extreme poverty. Agriculture will continue to play a major role in poverty alleviation, especially in the interim period between now and FY2031, as stated by the document.
On the other hand, the fourth pillar of Vision 2041 is capacity building. The purpose of building the capacity of institutions is to make them compatible with a transforming economy which is focused on strategic relationship, resource development and internal management and operations. The PP2041 strategy will further build on financing. The objective would be to expand the scope and access to microcredit for the poor, reduce the cost of credit and improve the broader access of the poor to institutional credit. Steps will be taken to improve the credit market through a range of measures including credit bureaus, credit guarantee schemes, and a range FinTech initiatives. The document incorporates the gender perspective and Leaving no one behind approach. It makes emphasizes on the importances of women participation in technical education and skills training, as well as on rural training. The PP2041 will pay attention to develop and modernize the existing TVET Institutes with available rural technologies to meet the challenge of the fast-changing economy in the rural setting.
Finally, the Policy is focused to build a Bangladesh resilient to climate change and other environmental challenges. The document identifies a high vulnerability to natural disasters owing to flooding, river erosion, sea level rise and other natural disasters in most of the poor districts, pointing out the link between poverty and vulnerability to natural disasters and climate change. The government has adopted a major long-term initiative called the Bangladesh Delta Plan 2100 (BDP2100) that seeks to improve the management of water, land, ecology, environment and climate change through strategies, policies, investment programmes and institutions. In particular, the BDP2100 seeks to address the vulnerabilities of Bangladesh caused by geography and climate change by addressing these risks right at the source. The associated strategies for flood control, water storage, irrigation, land management, agriculture, forestry resource management, and ecological balance will be major elements of the policy package for reducing poverty and improving environmental management during PP2041. The policy also includes specific measures for increasing resilience of agricultural production systems, specially: appropriate soil and nutrient management; improvement of water harvesting and retention; and conservation agriculture with reduced tillage and residue retention.
Date of text
Entry into force notes
2021-2041
Repealed
No
Publication reference
General Economics Division (GED) Bangladesh Planning Commission Ministry of Planning Government of the People s Republic of Bangladesh
Source language

English

Legislation Amendment
No