Innovision identifies that Eradicating Extreme Poverty requires navigating unique hurdles like climate vulnerability and high population density. While Bangladesh saw steady progress until 2019, the COVID-19 pandemic caused extreme poverty to spike from 9.4% in 2018 to 28.5% by 2020. Current approaches face a "jobless growth" phenomenon, where high GDP growth fails to create sufficient productive employment for the 24.5 million "new poor" identified during the crisis.
Strategic Lessons from our "Bangladesh Miracle" webinar forecast that over half of the nation's poor will reside in urban areas by 2030. To combat this, Innovision advocates for a holistic life-cycle approach that prevents "slippage" back into poverty once assistance ends.
To ensure sustainable impact, Innovision recommends implementing evidence-based decision-making and incentive-based policies for the private sector, such as tax rebates for primary care services. By linking local livelihoods with formal markets and adopting human rights-based strategies, Bangladesh can rebuild a resilient, equitable economy that leaves no one behind.
Read the full report here: Link
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