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] 50

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Meeting the sustainable development challenges will

require raising awareness and understanding of the chal-

lenges and coordinated efforts at local, regional, national

and global levels. The timeframe of NSDS coincides with

the Perspective Plan of Bangladesh 2010–2021 which guides

the economy towards its transition to a middle income

economy by early next decade. The Bangladesh government

has implemented the Sixth Five Year Plan FY 2011–FY2015

which, together with The Perspective Plan and other existing

government plans, policies and strategies are in line with the

SDGs. The strategies highlight the need for population plan-

ning to maintain a balance between population, development

and environment. This has been prioritized because slowing

the growth of population will contribute to the health of the

environment and efforts to increase the standards of living

not just for the present generation, but also for the future.

The strategy document has been prepared through exten-

sive consultation with ministries, development partners,

academia, researchers, civil societies, think tanks and NGOs.

The National Sustainable Development Strategy (NSDS) has

been prepared to meet the formidable environmental chal-

lenges that Bangladesh faces on the way to development.

The Institutional Framework is one of the key elements of

implementation and monitoring progress of the NSDS. It will

maintain coherence between and among different strategic

priority areas and sectors as well as existing national and

sectoral policies during implementation of the strategy and

the monitoring progress.

The objective of a good governance sector strategy is to

ensure an effective parliamentary process, sound law and

order, pro-people public services, an improved legal and

judicial system, strengthened local governance, and a corrup-

tion-free society with social justice. The strategies focus on

strengthening institutional capacity, reforming key institu-

tions, controlling corruption, enhancing efficiency of planning

and budgeting, promoting e-governance, ensuring access to

information, and reviving values and ethics in society.

The Perspective Plan of Bangladesh 2010–2021 has

provided the road map for realization of the national goals

enshrined in The Vision 2021 which embodies a dream that

Bangladesh, on the eve of its 50th anniversary of independ-

ence, will cross into the middle income country threshold,

with citizens enjoying a higher standard of living, better

access to education, improved social justice, and a more equi-

table socio-economic environment. These milestones will be

achieved in a political climate that is in line with core demo-

cratic principles of human rights, freedom of expression, the

rule of law, equality of citizens irrespective of race, religion

and creed, and equality in opportunities.

The Perspective Plan acknowledges that, in order to meet

the desired outcomes by 2021, the country needs better

governance that provides improved incentive mechanisms

for the public sector to deliver results. This improvement

requires enhanced public administration capacity, lower

levels of corruption from increased transparency and

stronger prevalence of the rule of law.

For Bangladesh to qualify as a middle income country, the

government must adopt a prudent macroeconomic frame-

work that ensures macroeconomic stability for the long term.

This necessitates that the policy ensures external and inter-

nal stability through an effective exchange rate policy, low

inflation, and adequate resource mobilization to generate an

optimal level of public and private investment. The goal is to

accelerate real GDP growth to 10 per cent by 2021, and reduce

head count poverty rate to about 14 per cent of 2021 popula-

tion. It begins with a focus on explicit goals, challenges, and

strategies for the agricultural and rural sectors which account

for a significant proportion of the country’s GDP and employ-

ment. The primary goal is to eliminate food deficiency by

improving production that will enable citizens to meet their

nutritional requirement. More specifically, for ensuring food

security by 2021, strategic goals need to be addressed in the

crop sector, fisheries, livestock and poultry, and forestry.

In order to enhance employment generation and rural

development, adequate policy attention must be given to

rural non-farm activities. The industrialization process must

play a central role in accelerating growth and achieving real

GDP growth of 10 per cent by 2021. This means that, in an

era of increasing globalization, the only mantra for survival

and progress is to facilitate the competitive strength of our

industrial sector. In terms of broader goal, the industrial

sector will continue to account for a much larger share of

GDP, reaching 37 per cent in 2021. The Bangladesh economy

today is more integrated with the global market, largely due

to the rapid growth in trade, substantial out-migration of

labour and remittance inflows, financial sector reform, and

creation of favourable FDI regimes. The Perspective Plan

emphasizes that it is very important for Bangladesh to make

use of the complementary resources shared with countries

like India, Nepal, Bhutan and Myanmar. This makes a case for

greater regional cooperation on trade and trade facilitation,

regional transport, energy trade and water management, FDI

and joint ventures, and cooperation on rail and road projects.

The Vision 2021 also constitutes a goal that is eloquently

described by the Bangladesh Prime Minister as ‘Digital

Bangladesh’ to rapidly address the lack of capacity to generate

productivity improvements from technological progress, which

has long been undermining Bangladesh’s growth potential.

Lastly, the Perspective Plan reiterates that accelerating

economic growth without paying attention to the concepts

of inclusiveness and sustainability holds no meaning.

As a result, the Plan intends to achieve pro-poor growth

with adequate attention to social protection that promotes

participation of the excluded groups – such as poor women,

people from ethnic groups, and socially excluded groups –

in the process of development. The growth experience so

far has also brought chronic environmental degradation.

Consequently, the plan document accepts that the present

decade holds a window of opportunity for halting the process

of environmental degradation through pursuing strategic

actions that generate green growth, and also minimize the

adverse effects of climate change. In sum, the Perspective

Plan of Bangladesh 2010–2021 articulates the means and

ends that Bangladesh wants to adopt and reach on the eve of

its 50th anniversary of independence. It highlights a prag-

matic multidimensional approach in producing an economy

that is innovative and competitive, and the opportunity it

creates allows us to achieve a socially just society.