• Wednesday, Nov 13, 2019
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UN report: Bangladesh shows significant decline in poverty

  • Published at 03:27 pm July 12th, 2019

It showed that poverty in both rural and urban areas has decreased at the same pace

A UN report has stated that Bangladesh is one of the countries that showed the fastest decline in the MPI value - which shows the occurrence of multidimensional poverty every year.

United Nation Development Programme (UNDP) published a report, Global Multidimensional Poverty Index 2019, on Thursday that said poverty in both rural and urban areas in Bangladesh has decreased at the same pace.

MPI is an instrument to measure the progress against Sustainable Development Goal (SDG) 1, which endeavours to end poverty in all its forms universally.

The reports studies acute multidimensional poverty in 101 countries, among them 31 low income, 68 middle-income and two high-income, where around 1.3 billion people are “multidimensionally poor.” 

It compares poverty and observes changes based on 10 indicators including health, education, quality of work and standard of living.

The report assesses 10 countries with a combined population of two billion people that made statistically significant progress towards SDG 1, although the reduction progress was uneven. Among them, eight countries saw a reduction in their MPI value and a combined drop in the number of “multidimensionally poor people.”

According to the report, Bangladesh along with Cambodia and India has shown the fastest progress towards declining poverty, indicating improvements in at least nine indicators.

Over half of the 1.3 billion people identified as poor, some 663 million are children under the age of 18, and around a third – some 428 million - are under the age of 10, the report stated. Moreover, the majority of these children, around 85%, live in South Asia and sub-Saharan Africa.

However, the report stated: “Child poverty fell markedly faster than adult poverty in Bangladesh, Cambodia, Haiti, India, and Peru.”

The report also examined the inequality among poor people, that is, the difference in the intensity of poverty experienced by each poor individual. 

The report also found that Pakistan and Bangladesh have the same MPI values that is 0.198, with inequality in Pakistan being higher (variance of 0.023) than Bangladesh (0.016).