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BSS-14
NEC-MEETING-PERSPECTIVE PLAN
NEC approves Perspective Plan 2021-2041
DHAKA, Feb 25, 2020 (BSS) – The National Economic Council (NEC) today
approved the country’s second Perspective Plan for the year 2021-2041 in a
bid to turn Bangladesh as a higher mid-income country by 2031 and a higher
income and developed country by 2041.
The approval came from the NEC meeting held at the NEC Conference Room with
its Chairperson and Prime Minister Sheikh Hasina in the chair.
The implementation of the country’s first Perspective Plan (2010-2021) is
nearing completion.
Briefing the reporters after the meeting, Planning Minister MA Mannan said
the meeting approved this historic outline document for the next 20 years
based on four institutional pillars which are governance, democratization,
decentralization and capacity building.
According to this long-term plan projects, the country’s per capita income
on current price would stand at US$12,500 by 2041.
It said the country’s GDP growth rate in 2031 is expected to reach nine
percent growth while it would further expect to grow at 9.9 percent in 2041.
The extreme poverty rate in the country is expected to reduce at 2.55
percent in 2031 from 9.38 percent in 2020 (base year) while it is expected to
come down further at 0.68 percent in 2041.
The poverty rate is projected to come down at seven percent in 2031 and
further at below three percent in 2041.
Major goals of the mega plan are to eliminate extreme poverty by 2031 and
to bring down the poverty rate below three percent by 2041.
It also aims to ensure industrialization and structural transformation as
well as exemplary change in the agriculture sector and export-oriented
economy.
The Planning Minister said although the NEC today gave approval to this
final document of the Perspective Plan, the Ministries and Divisions would be
able to give their further inputs within the next one month and thus those
would be in incorporated.
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