Fact-checked by Grok 2 weeks ago

Vision 2021

Vision 2021 is the strategic national development framework adopted by under Hasina's government, aiming to transition the country from low-income to middle-income status by 2021, coinciding with the 50th anniversary of , through targets including annual GDP growth exceeding 8 percent, to below 15 percent, and enhanced and human development. The framework, elaborated in the Perspective Plan 2010–2021, emphasized diversification of the beyond ready-made garments, promotion of and small industries, and healthcare, and the "Digital Bangladesh" initiative to leverage information and communication technology for governance and service delivery. Key achievements included Bangladesh's graduation to lower-middle-income status in 2015 based on classifications, with per capita rising from approximately $850 in 2010 to over $2,500 by 2021, alongside rates declining from 31.5 percent in 2010 to around 18.7 percent by 2021 according to household surveys. Sustained export growth, particularly in textiles, and investments in power generation and transportation infrastructure supported average annual GDP expansion of about 6.5 percent over the period, though below the aspirational 8 percent target. Despite these advances, the vision encountered setbacks, failing to attain upper-middle-income classification by 2021 as GNI per capita remained within lower-middle thresholds, with persistent challenges including , vulnerability to shocks, and incomplete progress on reforms such as electoral and anti-corruption measures. Evaluations highlight a pattern of economic gains amid institutional shortcomings, where rapid growth masked uneven sectoral development and reliance on low-value exports. The Digital Bangladesh component advanced and internet penetration to over 50 percent by 2021, yet disparities in rural access and endured. Overall, Vision 2021 laid foundational progress toward 's subsequent ambitions under Vision 2041 but underscored the limits of state-led planning in addressing structural bottlenecks without deeper dynamism and regulatory efficiency.

Background and Origins

Political Context of Launch

The adoption of Vision 2021 occurred in the aftermath of the 's decisive victory in the parliamentary elections on December 29, 2008, which ended a two-year extension of military-influenced caretaker rule that began in late 2006. This interim administration, initially tasked with conducting polls after the -led coalition's term, intervened amid allegations of electoral rigging and corruption, detaining thousands of politicians including leader and chairperson to enforce reforms. The prolonged crisis, marked by political violence and economic stagnation, delayed elections until the caretaker's mandate expired, paving the way for a grand alliance led by the to secure 262 of 300 seats with nearly 49% of the vote. Vision 2021 formed the core of the Awami League's 2008 election manifesto, presented as a blueprint to overcome decades of post-independence , entrenched affecting over 40% of the in the , and systemic that had undermined since 1971. , sworn in as prime minister on January 6, 2009, framed the vision as a direct counter to these legacies, promising accelerated growth to achieve middle-income status by 2021 through targeted economic and social reforms. While the manifesto emphasized restoring democratic norms eroded during prior regimes and eradicating corruption via institutional strengthening, Hasina's administration soon pursued centralizing reforms, including the 2011 abolishing the neutral system for overseeing elections—a originally designed to ensure impartiality but criticized by the as a tool for opposition disruption. This shift, justified as stabilizing post-crisis, enabled consecutive terms for the but drew accusations of consolidating executive power at the expense of pluralistic checks.

Formulation and Manifesto Basis

Vision 2021 originated from the Awami League's 2008 election manifesto, which pledged to achieve middle-income country status for by 2021 via accelerated economic expansion and structural reforms. This vision was articulated by Prime Minister upon assuming office in January 2009, framing a long-term development trajectory grounded in empirical growth patterns observed in export-oriented economies. The foundational document, the Perspective Plan of Bangladesh 2010–2021, was formulated by the General Economics Division of the to convert the manifesto's commitments into actionable strategies. Drawing on data-driven analyses of the 2000s economic performance, including the ready-made garments () sector's contribution to over 70% of exports by 2009, the plan prioritized export-led and investment as key drivers for transitioning from low-income status. It incorporated insights from international assessments, such as models emphasizing productivity gains and to sustain 8-10% annual GDP . Central targets included elevating GDP per capita from $543 in 2009 to approximately $2,000 by 2021, necessitating compounded annual growth rates exceeding historical averages through diversification and non-garment export promotion. The formulation process relied on baselines like the sector's expansion from $1.8 billion in exports in 2000 to $12.3 billion in 2009, underscoring causal links between trade openness, foreign investment, and income elevation over redistributive policies. This approach favored verifiable economic multipliers from prior decade trends rather than unsubstantiated ideological assertions.

Core Objectives

Economic Transformation Goals

The Perspective Plan of Bangladesh 2010–2021, underpinning , targeted achieving middle-income country status by elevating GNI per capita to approximately US$2,000 (in constant 2013 dollars), surpassing the lower middle-income threshold and building on the World Bank's classification of as a lower middle-income economy in 2015. This ambition required sustained structural reforms to enhance productivity and , with expected to drive expansion through an annual growth rate of 14% and a sectoral GDP share rising to 28–37%. Annual real GDP growth was projected at an average of 8% over the plan period, accelerating to 10% by 2021 to support gains and contributing 20% to overall expansion. Poverty headcount was set to decline to 13.5–14.4% by 2021 from 31.5% in 2010, contingent on mechanisms prioritizing rural and low-income inclusion. Export targets emphasized diversification beyond ready-made garments, which dominated 77% of exports, toward sectors like , pharmaceuticals, and light engineering with 12–15% annual growth; overall exports were to reach by 2021, comprising 25–26% of GDP. Infrastructure goals included doubling power generation capacity to 20,000 MW by 2021 from around 5,000 MW in 2010, ensuring universal electricity access and per capita consumption of 600 kWh to underpin industrial and competitiveness.

Social Development Targets

The social development targets of Vision 2021, as outlined in the associated Perspective Plan 2010–2021, prioritized measurable advancements in human welfare indicators, including , , and gender equity, to build a foundation for sustainable societal progress. These goals aimed to address persistent challenges such as low and high mortality rates through targeted interventions, emphasizing empirical benchmarks over aspirational rhetoric. Education targets focused on achieving a 100% rate nationwide and ensuring across primary, secondary, and tertiary levels, with women attaining equivalent access to schooling as men by 2021. These objectives built on prior gains in enrollment but stressed quality improvements and universal completion to enhance . In health, the plan set a goal of increasing average to 70 years through expanded access to , , and . Maternal mortality was targeted to fall below 100 per 100,000 live births, complementing reductions in under-five mortality to around 45 per 1,000 live births, via strengthened reproductive services and coverage. Gender equity extended beyond education to workforce participation, promoting microfinance expansion—where over 90% of borrowers were women—to foster economic independence and reduce household , particularly in rural areas. This approach linked to broader alleviation by enabling small-scale and skill-building for females. Urbanization was projected to reach approximately 40% of the by 2021, with policies tying urban expansion to reduction through migration-facilitating and job opportunities in secondary towns, aiming to mitigate proliferation and uneven .

Governance and Institutional Reforms

Vision 2021 outlined reforms to enhance governance through an effective , widespread adoption, and strengthened institutional accountability to combat and improve efficiency. The plan pledged by separating the judiciary from executive control, alongside electoral reforms to ensure transparent party financing and intra-party democratic processes, aiming for merit-based appointments and reduced political interference in state institutions. These commitments were rooted in the Awami League's election manifesto, which emphasized depoliticizing and fostering rule-of-law principles to transition toward a developed economy by 2021. Implementation included amending the Act in 2009 to expand its investigative powers, though critics noted favoring the , with investigations often targeting opposition figures while high-level government-linked persisted. Judicial separation occurred in 2007 prior to Vision 2021, but influence remained evident through appointments and case handling, deviating from pledged and undermining meritocratic standards. Electoral reforms faltered with the 15th in June 2011, which abolished the non-partisan system established in 1996 to oversee elections neutrally; the government justified this as preventing military-backed disruptions like the 2007-2008 emergency, yet it entrenched incumbency advantages by allowing the to control polling processes. Transparency in political financing saw limited progress, with no comprehensive laws enacted for mandatory disclosure of party funds or campaign expenditures as pledged, enabling opaque funding sources and weakening intra-party within the Awami League's centralized structure. These shifts prioritized short-term stability over first-principles accountability, as the absence of oversight contributed to disputed and elections marked by opposition allegations of and low turnout. Overall, while institutional frameworks were nominally reformed, persistent executive dominance contradicted meritocracy goals, with Bangladesh highlighting Vision 2021's recognition of needs unmet by systemic enforcement gaps.

Key Pillars and Initiatives

Digital Bangladesh Initiative

The Digital Bangladesh Initiative was launched in 2009 by the Awami League government under Prime Minister Sheikh Hasina as a flagship program within Vision 2021, aiming to leverage information and communication technology (ICT) for economic growth, efficient governance, and social inclusion. Core objectives encompassed universal broadband access, development of e-governance platforms to streamline public services, integration of compulsory IT education in curricula by 2021, adoption of open-source software policies to reduce costs, establishment of outsourcing and freelancing hubs, and digital literacy programs targeting up to 100 million citizens. These elements were intended to foster a knowledge-based economy, with ICT positioned as a causal driver of productivity through enhanced connectivity and skill development rather than mere infrastructural expansion. Empirical adoption metrics indicate partial success in connectivity rollout, with internet users reaching 77.7 million by early 2025, equating to 44.5% penetration primarily via networks, and coverage expanding to nearly 100%. advancements, including widespread financial services, supported transaction volumes exceeding billions annually, while IT outsourcing grew, with software exports at $60 million in fiscal year 2021-22 and freelancing earnings projected at $650 million for 2023-24. emerged as the second-largest global source of freelancers, particularly in software and IT services, contributing to foreign exchange inflows akin to remittances. However, causal links to aggregate productivity remain constrained; studies highlight that while sector-specific gains in boosted individual and firm-level outputs, economy-wide labor productivity stagnated due to low skill absorption and uneven integration beyond urban elites. Infrastructure deficiencies tempered these outcomes, with rural-urban disparities persisting: broadband users hovered below 10% in many areas, reliant on slower / connections, and power unreliability disrupted sustained . The , rooted in affordability, gaps, and locational barriers, limited causal impacts, as rural populations—comprising over 60% of the populace—faced overlapping hurdles, undermining the initiative's universal aspirations. Despite policy pushes for hi-tech parks and , empirical data from rates suggest outpaced verifiable gains in broad-based , with IT contributions to GDP growth under 1% annually amid these constraints.

Infrastructure and Industrialization Efforts

A cornerstone of Vision 2021's industrialization strategy involved ambitious physical to enhance , , and supply, aiming to support toward middle-income status. Key projects included the Padma Multipurpose Bridge, initiated in 2009 with construction accelerating after 2015 following the government's decision to self-finance the project at an estimated cost of $3.65 billion after international lenders like the withdrew funding amid allegations. The bridge, spanning 6.15 kilometers over the , connected southwestern to the capital region, promising to reduce travel time from 10 hours to 3 hours and boost GDP by facilitating trade and agriculture in underserved areas, though its high domestic borrowing strained fiscal resources without immediate high returns on investment due to delayed completion until June 2022. Urban transport initiatives under Vision 2021 prioritized metro rail systems to alleviate Dhaka's congestion, with the (MRT Line 6) project commencing elevated track construction in 2016 as a Japanese-funded elevated line spanning 20 kilometers from Uttara to Motijheel. Trial runs were anticipated by early 2021, but delays pushed partial inauguration to December 2022, highlighting bottlenecks in land acquisition and urban coordination that limited short-term ROI despite long-term potential to handle 800,000 daily passengers and reduce road dependency. Port development efforts focused on deep-sea capabilities to handle larger vessels and reduce reliance on transshipment via or , with the Payra Port project launched in 2016 in as a multipurpose terminal initially planned for deep-draft access up to 13 meters. By 2021, however, deep-sea ambitions were scaled back to a standard seaport due to silting, funding shortfalls, and technical challenges, resulting in limited operational capacity with only a 650-meter berth handling smaller volumes, underscoring persistent hydrological bottlenecks and low utilization rates that hampered export logistics efficiency. The sector saw rapid capacity expansion from approximately 4,890 MW of maximum generation in 2010-11 to over 22,000 MW installed by 2021, achieved through a mix of domestic plants, quick-rental units, coal-fired imports, and cross-border imports from totaling 1,160 MW by 2020-21. This sixfold growth addressed chronic shortages but relied heavily on expensive rental (often 20-30% of capacity) and liquid fuel imports, inflating costs to unsustainable levels—reaching Tk 1.2 annually by mid-2020s—and creating overcapacity by 2021 with actual demand met at under 15,000 MW peak, revealing inefficiencies in planning and underutilized infrastructure amid transmission losses exceeding 10%. Industrialization efforts emphasized Special Economic Zones (SEZs) managed by the (BEZA), which planned over 100 zones by the mid-2020s to attract (FDI) and diversify manufacturing beyond ready-made garments into sectors like and pharmaceuticals. BEZA secured FDI proposals worth $1.5 billion by 2023, with targeted zones such as the Nawabganj Economic Zone for active pharmaceutical ingredients (API) production aiming to reduce import dependency from 90% to lower levels, though actual FDI inflows remained below targets due to regulatory hurdles and infrastructure gaps, limiting ROI to nascent stages with only a fraction of zones operational by 2021.

Human Capital Development Programs

Human capital development under Vision 2021 prioritized investments in and health to leverage Bangladesh's , with approximately 65% of the under age 35, aiming to address skills mismatches that hinder in a labor market demanding technical competencies. The Perspective Plan of Bangladesh 2010-2021 outlined strategies for inclusive systems, vocational skills alignment with industry needs, and expanded primary healthcare to build a productive , emphasizing causal links between improved and through enhanced and reduced ratios. Education initiatives included stipend programs covering around 13 million primary students to boost and retention, particularly among girls and disadvantaged groups, with secondary stipends supporting an additional 2.5 million students to promote and completion rates. University expansion accelerated, increasing the total number of institutions from fewer than 50 public universities in 2009 to 157 overall (including public and private) by 2020, focusing on , , and to produce skilled graduates amid rates exceeding 30% for some cohorts due to qualification gaps. Vocational training programs under the plan targeted full graduate employment by establishing technical schools in every and linking curricula to labor demands in sectors like and , with incentives for non-traditional skills among women to mitigate barriers in the youth bulge. Health programs featured the rollout of over 13,000 community clinics by 2021, revitalizing 10,723 existing facilities and adding 2,777 new ones to deliver , , and services in rural areas, contributing to universal access goals. drives through the Expanded Programme on Immunization (EPI) supported reductions in under-five mortality from 65 per 1,000 live births in 2009 toward a 45 target by 2021, alongside efforts to meet nutritional benchmarks of 2,122 kcal per person daily for 85% of the to sustain amid demographic pressures. These interventions aimed to convert the youth advantage into economic gains by prioritizing causal factors like disease prevention and skill-building over mere enrollment, though persistent mismatches in vocational outcomes highlighted implementation gaps.

Implementation and Progress (2009–2021)

Macroeconomic Achievements

Under the framework, Bangladesh's expanded significantly from 2009 to 2021, with nominal GDP rising from $102.4 billion in 2009 to $416.3 billion in 2021, reflecting sustained real GDP growth averaging approximately 6.5% annually over the period. This growth trajectory, supported by stable macroeconomic policies, positioned Bangladesh among the faster-growing emerging economies, driven by export-led manufacturing and service sector contributions, though external factors like global trade dynamics also played a role. Key external account indicators strengthened markedly. Ready-made garments (RMG) exports, a cornerstone of trade performance, reached $31.5 billion in fiscal year 2020-21, accounting for over 80% of total exports and demonstrating resilience amid global shifts. Remittance inflows from overseas workers climbed to $22 billion by 2021, bolstering balances and household incomes. Foreign direct investment (FDI) net inflows more than tripled, from around $700 million in 2009 to $1.7 billion in 2021, signaling improved investor confidence in policy stability and market potential. Macroeconomic stability was maintained through prudent monetary measures, with average annual consumer price at about 6.3% from 2009 to 2021, generally contained below 7% despite periodic pressures from food and energy import costs. accumulated to approximately $33 billion by end-2019, providing coverage for over six months of imports and acting as a against external shocks to the downturn.
Indicator2009 Value2021 ValueSource
Nominal GDP (USD billion)102.4416.3World Bank
RMG Exports (USD billion, FY)~1231.5BGMEA
Remittances (USD billion)~922IOM/World Bank
FDI Net Inflows (USD billion)0.71.7World Bank
Forex Reserves (USD billion, pre-COVID peak)~10~33 (2019)IMF

Sector-Specific Advances

In , policy interventions such as subsidies and public investment in drove yield improvements, with average productivity rising from 2.7 tons per in 2009 to 3.0 tons per by 2020 through adoption of high-yielding varieties. The developed flood- and saline-tolerant strains like BRRI dhan52 and BRRI dhan89, which covered over 20% of aman acreage by 2019, mitigating losses from seasonal inundation via extension services rather than purely market incentives. These measures contributed to self-sufficiency in , with production exceeding 35 million metric tons annually by 2020, though smallholder dominance limited broader . Aquaculture within fisheries expanded rapidly, with production reaching 2.49 million metric tons in 2018-19, over 50% from inland ponds driven by private small-scale farmers responding to domestic demand and export opportunities. Exports of and grew at an average annual rate of 5.3% from 2009 to 2019, generating USD 342 million by early 2020s figures, fueled by market-led intensification of and farming alongside government support for hatcheries and disease control. This sector's growth, contributing 22% to agricultural GDP, reflected entrepreneurial adoption of pond techniques over heavy state direction. The energy sector advanced through targeted infrastructure, with liquefied natural gas (LNG) imports beginning in August 2018 via the first floating terminal, supplying up to 500 million cubic feet per day to offset domestic gas shortages and support power generation. Off-grid electrification progressed via the Infrastructure Development Company Limited's solar home systems program, installing over 6 million units by 2021 to serve rural households previously without access, a policy-orchestrated public-private effort that reached 14 million people. These initiatives, blending state procurement with private distribution, elevated rural electrification from under 50% in 2009 to near-universal coverage by 2021, though reliance on imported fuels underscored vulnerability to global prices. COVID-19 disruptions in 2020-2021 strained export-oriented subsectors like fisheries processing due to halts and labor mobility restrictions, yet demonstrated with minimal output drops in staple crops owing to status exemptions. provision continued stably, with systems buffering grid strains, enabling a sectoral rebound as domestic demand recovered post-lockdown. adaptations, including stimulus for farming inputs, facilitated quicker stabilization compared to dependencies on international orders.

Monitoring and Milestones

The General Economics Division (GED) of Bangladesh's Planning Commission oversaw monitoring of the Perspective Plan 2010-2021, producing periodic progress reports and aligning implementation with national Five Year Plans (FYPs). Annual assessments tracked key indicators such as GDP growth, , and infrastructure development, with the Sixth FYP (2011-2015) and Seventh FYP (2016-2020) serving as medium-term frameworks for evaluation. Following the adoption of the UN (SDGs) in 2015, Vision 2021 initiatives were realigned to incorporate SDG targets, particularly in areas like poverty alleviation (SDG 1), zero hunger (SDG 2), and (SDG 5), through integration into the Seventh FYP and subsequent action plans led by relevant ministries. Key milestones included the 2018 approval of the Bangladesh Delta Plan 2100, which embedded Vision 2021's short- to medium-term goals—such as achieving upper middle-income status—into a long-term framework for water and , emphasizing climate-resilient growth. Preparations for graduation from Least Developed Country (LDC) status, recommended by the UN in 2021 and effective November 24, 2026, built on Vision 2021's economic targets, including sustained GDP per capita increases to meet graduation criteria. Independent audits remained limited, with monitoring predominantly reliant on government self-reporting via the Planning Commission, though efforts like the Centre for Policy Dialogue's Independent Review of Bangladesh's Development provided supplementary trend analyses. This structure raised concerns over empirical gaps, as objective third-party verification was not systematically institutionalized, potentially affecting data reliability in progress claims.

Challenges and Criticisms

Economic Shortfalls and

Despite ambitious targets under Vision 2021 to reduce the national headcount to 14 percent by 2021 through sustained high growth, actual progress fell short, with the rate remaining around 20 percent based on household survey adjustments and international estimates accounting for methodological consistency. This gap stemmed from insufficient acceleration and uneven sectoral contributions, as growth rates, while averaging 6-7 percent annually pre-COVID, failed to translate into broad-based eradication without deeper structural shifts beyond apparel-led expansion. Income inequality, as measured by the Gini coefficient, hovered around 32.4 in 2016 with minimal decline through 2021, indicating stagnant redistribution despite poverty gains, while urban-rural disparities widened due to migration-fueled urban wage premiums and concentrated non-farm opportunities. Cronyistic lending patterns exacerbated this by channeling credit to politically connected urban enterprises, fostering asset concentration that causal analysis links to elevated Gini persistence via selective resource allocation rather than market-driven efficiency. Public debt-to-GDP climbed above 35 percent by 2021, nearing 40 percent amid fiscal stimulus, while non-performing loans in the banking sector surged to 8 percent, primarily from politically influenced disbursements to inefficient borrowers, undermining financial stability. Over-reliance on low-skill ready-made garments (), accounting for over 80 percent of exports, exposed the economy to external shocks, with causing a $3.18 billion export loss in 2020-2021 through order cancellations and supply halts. The 2022 war further amplified vulnerabilities via import disruptions and price spikes, hitting -dependent growth without diversification into higher-value sectors, thus perpetuating low productivity traps and inequality in labor returns.

Governance Failures and Corruption

Bangladesh's score remained stagnant at 26 out of 100 in , placing the country at 147th out of 180 nations, reflecting limited progress in efforts during the Vision 2021 period despite pledges for institutional reforms. This ranking, consistent with prior years around the 140-150 range since 2009, indicated systemic issues in integrity that undermined the plan's objectives. Mega-projects under Vision 2021, such as the , were plagued by allegations, including kickbacks and totaling an estimated $5 billion linked to and contracts with . The Anti-Corruption Commission initiated probes in 2024 into irregularities at , revealing overpriced deals and fund diversions that inflated costs beyond the $12.65 billion project budget. Earlier incidents, like the 2019 "pillow scandal" involving falsified engineer accommodations, highlighted graft, with arrests made but broader lacking. Banking sector scandals exemplified governance lapses, notably the Hall-Mark Group loan from 2010 to 2012, where Tk 4,000 (approximately $454 million) was embezzled from Sonali Bank's Ruposhi Bangla branch through forged documents and fictitious exports. The involved between bank officials and Hall-Mark executives, leading to life sentences in 2024 for key figures, but it exposed weak supervisory oversight by , eroding trust in financial institutions central to Vision 2021's industrialization goals. State-owned enterprises (SOEs) incurred substantial losses due to entrenched , particularly in sector, where kickbacks in project awards amounted to at least $3 billion during the Hasina administration. SOEs like those in faced chronic inefficiencies from padded contracts and non-performing loans, contributing to delayed payments and fiscal burdens that hampered Vision 2021's infrastructure ambitions without corresponding productivity gains. Nepotism in public appointments contradicted Vision 2021's merit-based reform rhetoric, with relatives of ruling figures securing key positions in and oversight bodies, fostering networks over competence. Examples included family-linked roles in health and regulatory agencies, which prioritized loyalty and enabled graft in , as evidenced by public outcry in 2024 protests targeting such practices. This eroded institutional efficacy, as unqualified appointees failed to enforce measures pledged in the plan.

Political Repression and Democratic Erosion

The abolition of Bangladesh's non-partisan system through the 15th on June 30, 2011, removed the mechanism for neutral election oversight, allowing incumbent partisan governments to supervise polls and drawing criticism for facilitating ruling party advantages. This change contrasted with Vision 2021's pledges for strengthened intra-party and participatory decision-making within . The January 5, 2014, general election saw the main opposition (BNP) and allies boycott participation, citing the absence of a caretaker system and demanding reforms, resulting in low estimated at 40% or less and that killed at least 19 people on polling day. The secured nearly all seats, leaving parliament without effective opposition representation. The December 30, 2018, election, while not boycotted outright by the , was marred by opposition allegations of widespread , including ballot stuffing and voter intimidation, alongside pre-poll violence that killed at least 17 people. The won 96% of seats, prompting international observers to question the process's fairness despite government claims of transparency. Enacted on October 8, 2018, the Digital Security Act empowered authorities to prosecute online expression deemed harmful to state security, leading to over 500 arrests of journalists, activists, and critics by 2020 for alleged dissent, according to local human rights monitors. Human Rights Watch documented its use to harass and detain individuals indefinitely, stifling free speech in ways that undermined Vision 2021's implicit democratic foundations. The (RAB), an elite paramilitary force, faced accusations from organizations like and of conducting extrajudicial killings—often labeled "crossfire" deaths—and enforced disappearances targeting suspected opposition members and criminals, with rights groups estimating over 3,000 such killings from 2009 to 2021. RAB's involvement in hundreds of unresolved disappearances prompted U.S. sanctions in December 2021 for gross violations, though the maintained these were lawful operations against . This pattern of security force abuses contributed to one-party dominance, eroding checks on executive power despite early Vision 2021 rhetoric on accountable governance.

Post-2021 Evaluation and Legacy

Assessment Against Targets

attained lower-middle-income status in , ahead of the Vision 2021 timeline, with GNI per capita reaching approximately $2,503 in 2021, well above the lower-middle-income threshold of $1,086 but short of the upper-middle-income threshold of $4,096. However, the plan's implicit aim for upper-middle-income classification by 2021 was not met, as sustained acceleration in income growth proved insufficient amid structural constraints. Annual GDP growth averaged about 6.5% from 2009 to 2021, falling below the 8% target required for the envisioned economic trajectory. Pre-pandemic years saw peaks of 8.2% in 2019, driven by ready-made garments exports and remittances, but the 2020 contraction of 3.5% due to disruptions underscored vulnerabilities in export concentration and informal sectors. Post-2021 reached 7.1% in 2022, yet growth dipped to around 4-5% by 2024 amid , shortages, and banking sector weaknesses, highlighting endogenous rigidities such as limited diversification and regulatory bottlenecks that amplified external shocks. Poverty reduction showed partial success, with the national headcount ratio declining from 31.5% in 2010 to approximately 14.3% by 2016, nearing the 14% target, but stalling thereafter due to uneven rural-urban progress and reversals. Using the $3.20/day line (comparable to lower-middle contexts), fell from over 40% in the early 2000s to about 15% by 2021, effectively halving baseline levels from 2009, though urban migration strains and climate vulnerabilities impeded deeper gains. By 2022, the rate stood at 5.9% on the $3.00/day line, reflecting resilience but also exposure to policy implementation gaps. Human Development Index (HDI) improved to 0.661 in 2021 from 0.543 in 2009, advancing to medium human development status (rank 129th globally), with gains in (to 72 years) and mean schooling years (up 2.5 years). These advances aligned with targets for and , bolstered by female enrollment surges and drives, yet inequality-adjusted HDI losses of 23.9% revealed persistent disparities in access and quality.
Key TargetGoal2021 OutcomePost-2021 Note (to 2025)
Income StatusUpper-middle-income (GNI pc >$4,000)Lower-middle ($2,503); partialStagnant at lower-middle amid slowdowns
GDP Growth8% annual average~6.5% average; 6.9% in 2021Rebound to 5-6% by 2024, below trajectory
Poverty Rate≤14% (national)~14-15%; halved from baselineSlight rise post-COVID, then stabilization at ~12%
HDIMedium category advancement0.661 (medium); +22% from Marginal gains to 0.685 by , inequality persistent
The acted as an exogenous shock, contracting output and reversing gains by 1-2 percentage points through halts and dips, yet domestic factors—including overreliance on low-skill exports, inadequate , and inefficiencies—exacerbated the impacts, preventing full target recovery. Overall, Vision 2021 delivered foundational progress toward middle-income thresholds but fell short on accelerated metrics, attributable to a mix of external disruptions and internal structural limitations.

Impact on Subsequent Visions (e.g., Vision 2041)

The Vision 2041 extends the developmental trajectory initiated under Vision 2021 by targeting high-income status through , , and a knowledge-based , inheriting gains in infrastructure and but perpetuating challenges from inadequate reforms. Launched as part of the Perspective Plan 2021-2041, it aims for of $12,500 by 2041 and upper middle-income graduation by 2031, yet systemic issues like entrenched —evident in Vision 2021's implementation shortfalls—remain unaddressed, risking inefficient in pursuit of these ambitions. The Bangladesh Delta Plan 2100 provides long-term continuity in adaptive planning, focusing on climate-resilient , , and to support broader economic visions, with its holistic integration of sector policies building on Vision 2021's emphasis on sustainable growth amid delta vulnerabilities. However, the plan's execution depends on resolving Vision 2021-era deficiencies in institutional coordination and environmental safeguards, as unmitigated risks from rapid and hazard exposure could undermine projected prosperity. The Eighth Five-Year Plan (FY2021–2025) serves as an interim bridge, prioritizing export diversification—targeting a reduction in ready-made garment dominance—and productivity boosts through business climate improvements, directly addressing Vision 2021's overreliance on low-value exports. Political instability following Sheikh Hasina's ouster on August 5, 2024, has disrupted this momentum, with ongoing transitional governance challenges hindering policy continuity and investor confidence essential for plan targets like 8% average GDP growth. Bangladesh's LDC graduation on November 24, 2026, amplifies these vulnerabilities, demanding regime and VAT broadening for mobilization—reforms Vision 2021 inadequately advanced, leaving export sectors exposed to loss of duty-free preferences without compensatory agreements or domestic competitiveness enhancements. Failure to implement such measures risks a projected $2.5 billion annual export shortfall, perpetuating dependency patterns from Vision 2021 and complicating Vision 2041's industrialization goals.

Broader Geopolitical and Social Ramifications

The Vision 2021 framework, while driving , failed to generate sufficient high-quality jobs for Bangladesh's burgeoning population, exacerbating rates that reached 16.1% among those aged 15-29 by —over three times the national average—and sowing seeds of discontent that culminated in the 2024 mass protests. These demonstrations, initially triggered by a controversial job quota system favoring descendants of 1971 war veterans, rapidly escalated into a broader revolt against perceived and opportunity scarcity, directly fueled by structural mismatches between Vision-era GDP gains and labor market realities. The unrest forced to resign and flee to on August 5, 2024, marking a pivotal rupture in Bangladesh's political stability and underscoring how unaddressed socioeconomic grievances from the Vision period eroded public trust in state-led development narratives. Geopolitically, the influx of over 1 million Rohingya refugees since 2017—peaking at approximately 1.3 million by 2025—imposed severe resource strains on during the implementation phase, diverting funds and infrastructure from domestic priorities like poverty alleviation and urban development toward humanitarian containment in and . This burden amplified fiscal pressures, with half the refugees being children requiring sustained aid, while local communities faced heightened competition for jobs and services, contributing to social tensions that 's growth targets could not mitigate. Concurrently, 's participation in 's , which financed key -aligned projects like the Rail Link, raised concerns over debt sustainability, though to remained modest at about 7% of total obligations as of 2023; selective borrowing avoided outright traps seen elsewhere, yet escalating loans—such as a 2024 request for $5 billion in soft funding—highlighted vulnerabilities to geopolitical leverage amid depleting reserves. In regional dynamics, Hasina's alignment with —bolstered by counterterrorism cooperation and border management—contrasted with latent Islamist currents that Vision's secular rhetoric sought to suppress but ultimately tested, as evidenced by the post-2024 resurgence of groups like amid the regime's fall. This shift strained Indo-Bangla ties, with India's prior support for Hasina's secular governance yielding to accusations of overreach, while Bangladesh's constitutional ambiguity—declaring the alongside secular principles—fostered polarized identities that undermined Vision's nation-building ethos and heightened risks of spillover instability in . The era's suppression of Islamist undercurrents, rather than resolution, thus amplified post-Vision geopolitical frictions, as youth-led upheavals exposed the fragility of enforced against entrenched religious conservatism.

References

  1. [1]
    [PDF] PERSPECTIVE PLAN OF BANGLADESH
    The Perspective Plan of Bangladesh 2010-2021 has provided the road map for materialization of the national goals enshrined in The Vision 2021. That Vision ...
  2. [2]
    [PDF] Outline Perspective Plan of Bangladesh 2010-2021 - UNCTAD
    1.1 The Vision for National Development. The overarching vision of the Perspective Plan is successful national development. That encompasses all aspects of ...
  3. [3]
    [PDF] perspective plan of bangladesh 2010-2021 - DHAKA
    Note: PERSPECTIVE PLAN OF BANGLADESH 2010-2021 : MAKING VISION 2021 A ... Bangladesh's progress is a mosaic of solid achievements with some disappointments.
  4. [4]
    Bangladesh - World Bank Open Data
    Economic ; GDP (current US$) · 450.12 · 45 ; GDP per capita (current US$) · 2,593.4 · 0.3 ; GDP growth (annual %) · 4.2 · 3 ; Unemployment, total (% of total labor force) ...
  5. [5]
    Bangladesh Overview: Development news, research ... - World Bank
    Bangladesh has an inspiring story of growth and development, aspiring to be an upper middle-income country by 2031. Since 1972, the World Bank has committed ...
  6. [6]
    Publication: Bangladesh, a Middle Income Country by 2021
    Attaining the vision 2021 poverty target of 14 percent by 2021, however, is less certain as it requires a Gross Domestic Product, or GDP growth of at least 8 ...
  7. [7]
    World Bank Country and Lending Groups
    You can also download the current classification by income in XLSX format and the historical classification by income in XLSX format. ... Bangladesh, Jordan ...The World by Income · Country Classification · Classify countries · Atlas method
  8. [8]
    [PDF] Achieving Digital Bangladesh by 2021 and Beyond
    “Digital Bangladesh” is an integral part of the government's Vision 2021—which promises a prosperous and equitable middle-income Bangladesh by its golden ...
  9. [9]
    [PDF] Bangladesh's Vision 2041 and the Perspective Plan
    Bangladesh's Vision 2041 and the Perspective Plan 2021-2041 are designed to guide the country towards achieving middle-income status by 2041.
  10. [10]
    Election Watch | Journal of Democracy
    Bangladesh: Parliamentary elections were held on December 29 after a delay of two years during which a military-controlled caretaker government had declared ...
  11. [11]
    Awami League wins Bangladesh election - CNN.com
    Dec 30, 2008 · Former Prime Minister Sheikh Hasina's Awami League won a landslide victory in Bangladesh's first national elections in seven years, ...
  12. [12]
    Election Manifesto of Bangladesh Awami League, 9th Parliamentary ...
    Oct 1, 2013 · The rape of the democratic constitution, rehabilitation of war criminals and religious fanatics, criminalization of politics and promotion of ...
  13. [13]
    Bangladesh ends caretaker government arrangement - BBC News
    Jun 30, 2011 · The Bangladeshi parliament overturns a 15-year-old requirement that general elections are overseen by non-partisan caretaker governments.
  14. [14]
    [PDF] PERSPECTIVE PLAN OF BANGLADESH
    The Perspective Plan 2021-2041 has been prepared to translate the policies and programmmes enshrined in the Vision 2041 into development strategies. This ...
  15. [15]
    [PDF] Background Studies for the Second Perspective Plan of Bangladesh ...
    The Plan, in fact, was an elaboration of the Vision 2021 announced by the. Hon'ble Prime Minister Sheikh Hasina. It provided a roadmap for accelerated growth.
  16. [16]
    GDP per capita (current US$) - Bangladesh - World Bank Open Data
    GDP per capita (current US$) - Bangladesh. Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files.Missing: Vision target
  17. [17]
    [PDF] Bangladesh Country Report for Triennial Review 2021
    ... middle-income country (LMIC). The rapid increase in per capita GNI over the last decade set Bangladesh well on the road towards an upper middle- income. Page ...
  18. [18]
    [PDF] WT/TPR/S/385 • Bangladesh - 8 - SUMMARY
    policies based on its Perspective Plan of Bangladesh (2010-2021) (Vision 2021), which is focused on, inter alia, export-led growth. Export and Import ...
  19. [19]
    [PDF] PERSPECTIVE PLAN OF BANGLADESH
    adopted the Vision 2021. The Vision 2021 and the associated Perspective Plan 2010-2021 have set solid development targets for Bangladesh by the end of 2021.
  20. [20]
    None
    Below is a merged summary of the economic targets outlined in Bangladesh's Outline Perspective Plan 2010-2021, consolidating all information from the provided segments. To ensure a dense and comprehensive representation, I will use a table in CSV format to capture detailed targets and additional qualitative insights, followed by a narrative summary for context.
  21. [21]
    [PDF] Bangladesh Vision 2021 - Centre for Policy Dialogue (CPD)
    1.1 Strengthened intra-party democracy and financial transparency. 1.2 A credible election process. 1.3 A transparent campaign financing system.
  22. [22]
    [PDF] undp bangladesh - gender equality strategy
    Microfinance has had a tremendously empowering effect on women: 92 per cent of borrowers are women,8 increasing their economic independence, social inclusion, ...
  23. [23]
    [PDF] URBANISATION IN BANGLADESH: CHALLENGES AND WAY ...
    Bangladesh is a rapidly urbanising country expected to host 56% of its population living in urban areas by 2050. Urbanisation and industrialisation have ...
  24. [24]
    [PDF] Governance and Integrity in Election Manifestos of Political Parties ...
    Sep 17, 2018 · Since independence, Bangladesh has experienced different forms of systems and governments – from electoral democracy to military rule, from one ...
  25. [25]
    Governance Reforms and Anti-Corruption Commission in Bangladesh
    Aug 6, 2025 · First, some forms of corruption have been kept outside its scope, such as bribery through intermediaries, the harassment of service seekers with ...Missing: electoral judicial
  26. [26]
    After the Monsoon Revolution, Bangladesh's economy and ...
    Jan 28, 2025 · Examples of these autocratic tendencies include the abolition of the caretaker government system, widespread persecution of opposition ...
  27. [27]
  28. [28]
    ABOLITION OF NON-PARTY CARETAKER GOVERNMENT ...
    Bangladesh's people were mostly satisfied with this system, as NCG performed its duties successfully. However, the NCG was abolished by the Parliament in 2011 ...
  29. [29]
    The Two Sides of Bangladesh's Ousted Awami League - RAND
    Aug 6, 2024 · Amid violent protests and mounting dissent in Bangladesh, Prime Minister Sheikh Hasina's resignation marks the end of an era, ...
  30. [30]
    is 'anti-corruption' only rhetoric or also a reality?
    The government's Vision 2021 recognises good governance and corruption control as indispensable elements of state policy. The Perspective Plan 2010-21 ...<|separator|>
  31. [31]
    [PDF] e-Government Master Plan for Digital Bangladesh
    The Digital Bangladesh program was launched in 2009. It aims to be at the forefront of achieving. Honorable Prime Minister Sheikh Hasina's vision of ...
  32. [32]
    [PDF] Digital Bangladesh
    True to its objective, the project initiated action research to identify the potential use of ICTs in social sectors such as education, health, agriculture, etc ...
  33. [33]
    Digital Bangladesh Concept Note: Access to Information Programme ...
    Feb 14, 2010 · The “Digital Bangladesh” vision needs to be translated in the context of the overall election manifesto of the Awami League led Grand Alliance ...
  34. [34]
    Digital 2025: Bangladesh — DataReportal – Global Digital Insights
    There were 77.7 million individuals using the internet in Bangladesh at the start of 2025, when online penetration stood at 44.5 percent. Bangladesh was home to ...Need The Latest Data? · Facebook Adoption In... · X User Growth In Bangladesh
  35. [35]
  36. [36]
    Software Industry Of Bangladesh - What The Present & Future Holds
    Software exports reached $60 million in 2021-22, up from $51 million in 2020-21. Ranks 21st globally in IT outsourcing. 2nd largest producer of IT freelancers ...1. Mobile App Development · 2. Web Development · Export Ambitions And...
  37. [37]
    Bangladesh's IT Freelancing Revolution: A Data-Driven Analysis of ...
    Nov 17, 2024 · The projected annual freelancing revenue stands at an impressive $650 million for FY 2023-24, positioning Bangladesh as the 8th largest ...
  38. [38]
    [PDF] Digital Bangladesh and Productivity: Stagnation or Development?
    This paper analyses the adoption of technology, its impact on development and consequently productivity. Roads to the path theoretical and statistical ...
  39. [39]
    Unpacking the Rural Digital Divide in Bangladesh
    Jul 21, 2025 · Recent studies highlight a pronounced urban-rural gap in Internet and ICT access, with rural regions facing multiple overlapping barriers: ...Missing: criticisms | Show results with:criticisms
  40. [40]
    Zero digital divide still a far cry for Bangladesh
    where every citizen has equal access to digital resources — appears to be a distant dream for Bangladesh.
  41. [41]
    The role of the digital economy in Bangladesh's economic ...
    The objective of this study is to assess the current and potential dimensions of the digital economy in Bangladesh, with the ultimate goal of fostering the ...
  42. [42]
    Opening New Horizons: Bangladesh Joins the New Development ...
    Apr 25, 2022 · ... Padma Multipurpose Bridge, a construction project that started in 2009 and took until 2021 to complete. It ultimately carried a US$ 3.65 ...
  43. [43]
    The Padma Bridge: A symbol of Bangladesh's pride
    Jun 3, 2022 · ... finish big project on its own, Bangladesh also made significant economic gains by self-financing the construction of Padma Bridge. Even if ...
  44. [44]
    Dhaka Metro Mass Rapid Transit System - Railway Technology
    Mar 24, 2023 · Phase one of the line comprising a 12km-long route from Diabari to Agargaon was inaugurated in December 2022 and commenced operations in January ...
  45. [45]
    Country's first overhead metro rail expected to start operation in 2021
    Dec 30, 2020 · The country's first overhead metro rail is expected to start its test and trial run at the beginning of 2021.
  46. [46]
    Construction of Payra seaport in Bangladesh | Jan De Nul
    The development of the Payra port area is in full swing and with it all possible access options to it. Accesses from land and from the sea.Missing: progress | Show results with:progress
  47. [47]
    Port of Payra - Wikipedia
    As of 2021, plans for a deep seaport at Payra have been shelved and the port was to be developed as a regular seaport.
  48. [48]
    Power & Renewables - Invest Bangladesh
    In the fiscal year 2010-11, the maximum power generation capacity stood at 4,890 MW, but by the fiscal year 2021-22, this capacity had risen to 13,525 MW.Missing: rentals | Show results with:rentals
  49. [49]
    Why is Bangladesh's electricity generation heading towards a GHG ...
    May 9, 2022 · The imported electricity raised to 1160 MW in 2020–21, when the total installed capacity was 22 GW [Citation1]. The public sector installed ...
  50. [50]
    [PDF] Annual Report
    Jan 2, 2024 · Under the implementation of this plan, the total grid-based generation capacity has increased to 25,951 MW at present, marking a sixfold ...
  51. [51]
    Towards an orderly energy transition in Bangladesh - IEEFA
    Oct 25, 2023 · This means Bangladesh's power system has a significant surplus capacity after keeping a reserve margin of 15 to 20%. While the power demand ...
  52. [52]
    2021 Investment Climate Statements: Bangladesh - State Department
    Bangladesh Economic Zones Authority (BEZA) plans to establish approximately 100 Economic Zones (EZs) throughout the country over the next several years.
  53. [53]
    BEZA receives $1.5 billion FDI proposals so far - New Age
    Oct 22, 2023 · The Bangladesh Economic Zones Authority received foreign direct investment proposals worth $1.5 billion so far, he said.Missing: electronics pharma
  54. [54]
    BEZA to construct Nawabganj EZ to boost pharmaceuticals, API ...
    The government has planned to build Nawabganj Economic Zone to establish pharmaceutical and active pharmaceutical ingredient (API) industries to develop ...
  55. [55]
    The National Skills Development Authority (NSDA) Revolution
    Jun 24, 2025 · Demographic Dividend: With 65% of the population under 35, proper skilling can turn this youth bulge into an economic powerhouse; Fourth ...
  56. [56]
    Skills mismatch threatens employment growth in Bangladesh
    Sep 20, 2025 · Bdjobs.com, the country's largest job portal, says around 35% of National University graduates remain unemployed even at age 30, ...
  57. [57]
    [PDF] Committee On Social Development - ESCAP
    • A total of 13 Million students of primary schools are receiving monthly stipend ... resource constraint, within next five years it will be covered school ...
  58. [58]
    Keeping Bangladesh's Students Learning During the COVID-19 ...
    Apr 18, 2021 · The Bank-financed secondary education program provided stipends and tuition fees to 2.5 million secondary students (900,000 boys and 1.6 million ...Missing: Vision | Show results with:Vision
  59. [59]
    Bangladesh (2020-2023, Vol. 31, Nos. 1&2, pg. 100-119)
    Dec 20, 2023 · According to the 47th Annual Report 2020 of the UGC, the total number of public and private universities in Bangladesh is 157, as of 31 December ...
  60. [60]
    Community clinics in Bangladesh: A unique example of public ... - NIH
    May 11, 2020 · Bangladesh has established more than 13,000 community clinics (CCs) to provide primary healthcare with a plan of each covering a population ...
  61. [61]
    [PDF] Skills Gap and Youth Employment in Bangladesh
    Bangladesh is now showing signs of a youth bulge, which means that it is well-poised to reap the benefits of a demographic dividend if it can capitalise on ...
  62. [62]
    GDP (current US$) - Bangladesh - World Bank Open Data
    GDP (current US$) - Bangladesh. Country official statistics, National Statistical Organizations and/or Central Banks; National ... 2009, 2008, 2007, 2006, 2005 ...
  63. [63]
    Bangladesh and the IMF
    At a Glance ; 2025 Projected Real GDP (% Change) : 3.8 ; 2025 Projected Consumer Prices (% Change): 10.0 ; Country Population: 173.736 million ; Date of Membership: ...
  64. [64]
    GDP growth (annual %) - Bangladesh - World Bank Open Data
    GDP growth (annual %) - Bangladesh. Country official statistics, National Statistical Organizations and/or Central Banks; National ... 2009, 2008, 2007, 2006 ...
  65. [65]
    Export Performance - BGMEA
    Comparative Statement on Export of RMG & Total Export of Bangladesh ; 2018-19. 34133.27. 40535.04 ; 2019-20. 27949.19. 33674.09 ; 2020-21. 31456.73. 38758.31 ; 2021 ...
  66. [66]
    [PDF] SNAPSHOT REMITTANCE INFLOWS TO bANGLADESH (2019–2022)
    Remittances increased 20.8% from 2019-2020, then 1.8% from 2020-2021, reaching USD 22 billion. Inflows declined in 2022, with a 20% growth from 2019 to 2021.
  67. [67]
    Foreign direct investment, net inflows (BoP, current US$) - Bangladesh
    Foreign direct investment, net inflows (BoP, current US$) - Bangladesh. Balance of Payments database, International Monetary Fund ( IMF ), note: International ...
  68. [68]
    Bangladesh Foreign Direct Investment | Historical Chart & Data
    Bangladesh foreign direct investment for 2021 was 1.72 billion US dollars, a 13.02% increase from 2020. Bangladesh foreign direct investment for 2020 was 1.53 ...
  69. [69]
    Inflation, consumer prices (annual %) - Bangladesh | Data
    Inflation, consumer prices (annual %) - Bangladesh · Consumer price index (2010 = 100) · Wholesale price index (2010 = 100) · Bank nonperforming loans to total ...Missing: 2009-2021 | Show results with:2009-2021
  70. [70]
    [PDF] Bangladesh - International Monetary Fund (IMF)
    Foreign exchange reserves were expected to be above USD 32 billion at the end of FY20, which would cover about 5.4 months of prospective imports of goods and ...
  71. [71]
    Total reserves (includes gold, current US$) - Bangladesh | Data
    This dataset shows Bangladesh's total reserves (including gold, in current US$) from 1972 to 2024, sourced from the IMF.Missing: pre- COVID
  72. [72]
    [PDF] bangladesh's agriculture, natural resources, and rural development ...
    Mar 15, 2023 · Bangladesh's agriculture has focused on achieving self-sufficiency, and is dominated by the production of rice, largely by smallholder farmers.
  73. [73]
    [PDF] CLIMATE CHANGE AND AGRICULTURE IN BANGLADESH - IUCN
    All crops have critical stages when it needs water for their growth and development. Moreover excessive rainfall may occur flooding and water logging condition ...Missing: progress | Show results with:progress
  74. [74]
    The Vision of Agri-Environmental Sustainability in Bangladesh
    Bangladesh's agriculture has made laudable progress over the period, for instance, the total rice production has increased by 243% over the last 40 years [2].
  75. [75]
    Current Economic Performance and Export Potentialities of ...
    The fisheries sector has been growing steadily in the recent decade with a 5.3% growth over the period from 2009 to 2019. In FY 2018-19, 56.76% (2.49 million MT) ...
  76. [76]
    [PDF] Aquaculture growth potential in Bangladesh – WAPI factsheet
    In 2021, Bangladesh was the 3rd largest fish exporting country in Southern Asia. The country's export of aquatic products increased from USD 342.617 million ...
  77. [77]
    Transformation of the farm segment of the aquaculture value chain ...
    Feb 15, 2025 · They contribute about 22 % to agricultural GDP, 2.08 % to national GDP, and 1.05 % to export earnings. Bangladesh earned USD 480 million in 2021 ...
  78. [78]
    Bangladesh - Power and Energy - International Trade Administration
    Jul 20, 2022 · Solar Power: Bangladesh has successfully managed to implement a large-scale Solar Home System (SHS) project with over 4.2 million systems ...
  79. [79]
    Power sector transformation in Bangladesh: Paving the pathways ...
    According to this plan, there would be roughly about 24,000 MW of generation capacity by 2021 and 38,000 MW by 2030 [17]. Afterward, PSMP 2016 was introduced ...
  80. [80]
    [PDF] impact assessment of covid-19 on bangladesh's manufacturing firms
    The findings of this study show that COVID-19 has hit Bangladesh's manufacturing sector particularly hard, especially MSMEs. Due to the reduction in sales ...
  81. [81]
    [PDF] The Development and Humanitarian Response to the COVID-19 ...
    Furthermore, Bangladesh exhibited economic resilience during the pandemic, as evidenced by the rebound in economic growth following the initial pandemic shock, ...
  82. [82]
    Opportunity lost: The impact of long lockdown on the RMG sector
    Prior to the recent lockdown which started from 23 July, 2021 in Bangladesh, the RMG sector was recovering from the year and half long pandemic very rapidly ...
  83. [83]
    [PDF] SIXTH FIVE YEAR PLAN
    The Vision 2021 and the associated. Perspective Plan 2010-2021 have set solid development targets for Bangladesh by the end of. 2021. Those targets if ...
  84. [84]
    Bangladesh - Sustainable Development Goals
    an actionable agenda by formulating Perspective Plan (2010-2021) and two Five Year Plans. (FYPs) associated with this. Bangladesh integrated the 2030 Agenda in ...
  85. [85]
    Bangladesh .:. Sustainable Development Knowledge Platform
    Action Plan to achieve SDGs: The Government is preparing an action plan for implementation of the SDGs in alignment with the 7th FYP. Respective ministries ...
  86. [86]
    Vision 2041: Alignment with other macro plans | The Financial Express
    Vision 2021, through a full-blown Perspective Plan (2010-2021), laid down goals and strategies together with a framework for mobilising natural and human ...Missing: achievements | Show results with:achievements
  87. [87]
    Overview of BDP 2100 - Delta Plan 2100
    BDP 2100 seeks to integrate the short to medium term aspirations of Bangladesh to achieve upper middle income (UMIC) status and eliminate extreme poverty by FY ...Missing: 2021 | Show results with:2021<|separator|>
  88. [88]
    Bangladesh's journey towards sustainable LDC Graduation
    Bangladesh is scheduled to graduate from the Least Developed Countries (LDCs) category on 24 November 2026, about five decades after its inclusion in the group ...Missing: Vision | Show results with:Vision
  89. [89]
    Independent Review of Bangladesh's Development (IRBD)
    Launched in 1995, it is Bangladesh's first civil society initiative to analyse the trends in the economy, linking economic policies to development efforts. IRBD ...
  90. [90]
    Bangladesh - Poverty and Inequality Platform - World Bank
    Most recent poverty rate for Bangladesh and other countries in the region ... Gini Index, Theil Index, All. Download Share Methodology. Groups in the ...<|separator|>
  91. [91]
    Bangladesh, a middle income country by 2021 : what will it take in ...
    Apr 28, 2014 · Among the core targets identified to monitor the progress toward the vision 2021 objectives is that of attaining a poverty headcount of 14 ...
  92. [92]
    Gini index - Bangladesh - World Bank Open Data
    Gini index - Bangladesh. World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical ...
  93. [93]
    [PDF] Bangladesh Rural Income Diagnostic - World Bank Document
    This report aims to enable faster, more equal income growth in rural Bangladesh, assessing context, opportunities, and constraints for income growth.<|separator|>
  94. [94]
    Determinants of non-performing loans in conventional and Islamic ...
    NPLs are usually recorded due to ex-post credit risk, which is considered to be the genesis of the banking crisis (Reinhart & Rogoff, 2010). As a result, NPLs ...
  95. [95]
    Corruption's impact on non-performing loans of banks in emerging ...
    Nonperforming loans (NPLs), which are related to credit risk, arise when borrowers fail to repay loans to the bank. Banks' other common indicators of credit ...
  96. [96]
    Why Bangladesh is leading in defaulted loans in Asia | Prothom Alo
    Sep 17, 2025 · The data shows that Bangladesh's non-performing loan ratio has been rising steadily since 2021. It was 8 per cent in 2021, increasing to 8.7 per ...
  97. [97]
    Where does the Bangladeshi economy stand after Covid-19 and the ...
    Global lockdowns and cancelled export orders led to a loss of around $3.18 billion in RMG exports. Like Bangladesh, Vietnam and Romania were also experiencing ...
  98. [98]
    [PDF] Business Model Resilience in Bangladesh's RMG Sector
    Jun 4, 2025 · Approximately 80% of Bangladesh's total export revenues are generated by the Ready-Made. Garment (RMG) industry, which provides employment for ...
  99. [99]
    Bangladesh economy hit hard by Ukraine war - Daily Sun
    The war in Ukraine has affected the Bangladesh economy in a number of ways, and most of these can be described as supply chain disruptions.
  100. [100]
    [PDF] Impacts of the Russia-Ukraine War Price Shocks on the Bangladesh ...
    On the other hand, the export sector of Bangladesh is highly concentrated upon the RMG industry, which is dependent on imports of raw materials and an ...Missing: reliance | Show results with:reliance
  101. [101]
    2021 Corruption Perceptions Index - Explore the… - Transparency.org
    ... 2021 scores. ScoreCountryRank. 88. Denmark1. 88. Finland1 ... Bangladesh147. 26. Madagascar147. 26. Mozambique147. 25.
  102. [102]
    Bangladesh - Transparency.org
    Find out more about corruption in Bangladesh: Latest news, Corruption Perceptions Index score & local chapter's contact information.
  103. [103]
    Bangladesh launches $5bn graft probe into Hasina's family
    Dec 23, 2024 · ... embezzlement connected to a Russian-backed nuclear power plant by ousted leader Sheikh Hasina and her family, the anti-corruption commission…
  104. [104]
    ACC opens probe into alleged Rooppur nuclear project graft
    Dec 23, 2024 · The alleged corruption involving Tk 800 billion occurred in nine projects, including the Rooppur Nuclear Power Plant and the Special Ashrayan ...
  105. [105]
    Enforcing anti-corruption efforts around the Rooppur Nuclear Power ...
    Jan 7, 2025 · The project has been shrouded in allegations of corruption since 2019, when the so-called “Rooppur pillow scandal” emerged. Engineers that were ...
  106. [106]
    Opinion | Bangladesh's Other Banking Scam - The New York Times
    Apr 11, 2016 · Between 2010 and 2012, one branch of Sonali Bank alone illegally gave out $454 million in loans, including nearly $344 million to Hallmark Group ...
  107. [107]
    Bangladesh businessman, wife receive life sentences in nation's ...
    Mar 19, 2024 · More than $8 billion embezzled through 24 major loan scams in past 10.5 years in Bangladesh - Anadolu Ajansı. ... “Hallmark scam was a wake-up ...
  108. [108]
    Who did Hallmark's Tanvir hold liable in deposition
    Mar 21, 2024 · Over Tk 36.06 billion was embezzled through forgery from the Ruposhi Bangla branch of Sonali Bank (Earlier it was Sheraton branch, at the time ...
  109. [109]
    Power and energy: A system designed for corruption - The Daily Star
    Dec 2, 2024 · Corruption in Bangladesh Power Sector: No less than $3 billion changed hands as kickbacks in awarding power plant projects during Sheikh ...<|separator|>
  110. [110]
    2025 Investment Climate Statements: Bangladesh - State Department
    The IG is working to remove two Hasina-era practices that hinder foreign investment: delayed foreign currency payments owed by state-owned enterprises (SOEs) ...
  111. [111]
    Public service nepotism topples Bangladesh's government
    Aug 7, 2024 · Public service nepotism topples Bangladesh's government. Bangladesh's Prime Minister Sheikh Hasina fled the country amid protests against ...<|separator|>
  112. [112]
    Sheikh Hasina and the Question of Nepotism - KANAK MANI DIXIT
    Oct 12, 2023 · ... Bangladesh. The nepotism cannot be adding to the stature of her country and government, much as Dahal's unthinking actions on other matters ...
  113. [113]
    Caretaker system abolished | The Daily Star
    Jul 1, 2011 · Parliament yesterday abolished the caretaker government system allowing general elections under elected partisan governments.
  114. [114]
    Bangladesh's bitter election boycott - BBC News
    Jan 3, 2014 · The Bangladesh Nationalist Party (BNP) says that it will not participate unless the vote is held under the auspices of a neutral government.
  115. [115]
    Low Turnout in Bangladesh Elections Amid Boycott and Violence
    Jan 5, 2014 · The main opposition group refused to participate in the voting, driving down turnout, and political violence left at least 19 people dead.<|separator|>
  116. [116]
  117. [117]
    Bangladesh PM Hasina wins thumping victory in elections ...
    Dec 29, 2018 · At least 17 people killed, with claims ruling Awami League rigged country's first contested election in a decade.
  118. [118]
    Bangladesh election: Opposition demands new vote - BBC
    Dec 30, 2018 · An opposition leader condemns what he calls a "farcical result", amid claims of vote rigging.
  119. [119]
    Bangladesh: Crackdown as Elections Loom | Human Rights Watch
    Dec 13, 2018 · The United Nations, European Union, United States, India, China, and others should press the government of Prime Minister Sheikh Hasina Wazed to ...
  120. [120]
    Two years since coming into force, Bangladesh's Digital Security Act ...
    According to local human rights defenders, since 2018, 204 cases have been filed against 517 persons under the DSA and ICT Acts (506 under DSA and 11 under ICT) ...
  121. [121]
    Bangladesh: New Digital Security Act is attack on freedom of ...
    Nov 12, 2018 · Bangladesh's new Digital Security Act is an attack on freedom of expression that is even more repressive than the legislation it has replaced.
  122. [122]
    Bangladesh: Repeal Abusive Law Used in Crackdown on Critics
    Jul 1, 2020 · Bangladesh authorities are using the abusive Digital Security Act to harass and indefinitely detain activists, journalists, and others ...Missing: 2018 | Show results with:2018
  123. [123]
    [PDF] Bangladesh: Repackaging Repression : The cyber security act and ...
    Aug 22, 2024 · Similarly, the DSA had been enacted to repeal and replace an earlier controversial provision that was also systematically used to gag dissent, ...
  124. [124]
    Democracy in the Crossfire: Opposition Violence and Government ...
    Apr 29, 2014 · This 64-page report details violent protests by opposition activists who called for an election boycott. On numerous occasions, opposition ...
  125. [125]
    [PDF] BANGLADESH 2023 HUMAN RIGHTS REPORT - State Department
    unlawful killings, including extrajudicial killings; enforced disappearance; ... murder, but the RAB had not submitted its report. Political Prisoners and ...
  126. [126]
    Bangladesh's Declining Democracy - New Lines Institute
    Sep 15, 2022 · One-party rule in Bangladesh has been accompanied by an erosion of major institutions of the state, including the police and judiciary.
  127. [127]
    Bangladesh GDP Growth Rate | Historical Chart & Data - Macrotrends
    Bangladesh gdp growth rate for 2021 was 6.94%, a 3.49% increase from 2020. Bangladesh gdp growth rate for 2020 was 3.45%, a 4.43% decline from 2019. Annual ...
  128. [128]
    Poverty headcount ratio at national poverty lines (% of population)
    Poverty headcount ratio at national poverty lines (% of population) - Bangladesh from The World Bank: Data. ... Data are compiled from official government sources ...
  129. [129]
    New directions for human development in Bangladesh
    Dec 17, 2023 · ... Bangladesh being one the best performers, moving from an HDI of 0.397 in 1990, the fourth lowest in the region, to a HDI of 0.661 in 2021.
  130. [130]
    Country Insights - Human Development Reports
    This report provides human development data for 193 countries, including their HDI value and change from 2022. For example, Afghanistan has a HDI of 0.496.
  131. [131]
    Human Development Report 2021-22: Takeaways for Bangladesh
    Sep 27, 2022 · Inequality is a major challenge: Bangladesh's HDI value falls to 0.503 when adjusted for inequality, resulting in a loss of 23.9 percent of its ...
  132. [132]
    impact of covid-19 on the overall sector of bangladesh economy
    The impact was spreading to all sectors of the economy. The principal purpose of this study is to give an overview of the pandemic's impact on the economy as a ...
  133. [133]
    (PDF) SMART Bangladesh Vision 2041: Concept of a Sustainable ...
    Feb 23, 2023 · This research paper represents the concepts and key elements or main pillars of Smart Bangladesh Vision 2041.
  134. [134]
    Bangladesh Vision 2041 - Wikipedia
    Selected goals · Graduation to upper middle income country by 2030 will be followed by high income country status by 2041 · Per capita income of $12,500 (more ...
  135. [135]
    [PDF] Bangladesh Delta Plan (BDP) 2100
    Jan 21, 2019 · Main Strategy: Protect agriculture and vulnerable communities from floods, integrated water/land resource management and management of ...Missing: milestones | Show results with:milestones
  136. [136]
    Bangladesh Delta Plan (BDP), 2100
    The Bangladesh Delta Plan (BDP) 2100 is a long term integrated techno-economic mega plan that integrates all delta-related sector plans and policies, ...Missing: 2021 milestones
  137. [137]
    Bangladesh's pathways to climate-resilient development
    The e BDP 2100 vision is to achieve a safe, climate resilient, and prosperous delta by the end of the 21st Century.
  138. [138]
    [PDF] adb-brief-293-expanding-diversifying-exports-bangladesh.pdf
    These factors have been extensively discussed in national documents like the 6th (2011–2015), 7th (2016–2020), and 8th Five-Year Plans (2021–2025), and the ...
  139. [139]
    What Bangladesh has achieved in the year since its revolution
    Aug 13, 2025 · In 2024, Bangladesh's student-led “Monsoon Revolution” ousted an entrenched autocratic regime, marking a historic shift. Yet, with deep systemic ...
  140. [140]
    Ouster in Bangladesh fuels instability - GIS Reports
    Sep 12, 2024 · Sheikh Hasina's ouster is unlikely to bring stability to Bangladesh, the world's 35th-largest economy home to 171 million people. Bangladesh has ...
  141. [141]
    [PDF] PURSUING GRADUATION IN THE CURRENT GLOBAL CONTEXT
    Bangladesh is now set to leave the LDC category on 24 November 2026 after the expiry of the five-year preparatory period. As per UN General Assembly Resolution ...Missing: VAT Vision
  142. [142]
    [PDF] Strategic Approaches to FTAs in the Context of LDC Graduation
    Sep 4, 2025 · Bangladesh's forthcoming graduation from LDC status in November 2026 poses significant risks to its export competitiveness, particularly due to ...Missing: Vision | Show results with:Vision
  143. [143]
    [PDF] 8th Five Year Plan (July 2020 – June 2025) - ICAB
    It is estimated that Bangladesh may experience a shortfall of 8-10 percent of its gross export revenue, amounting to almost USD 2.5 billion annually, due to ...
  144. [144]
    Bangladesh Protests Inequality of Opportunity - The New York Times
    Jul 21, 2024 · As of 2022, the youth unemployment rate, at 16.1 percent, was about three times as high as the overall rate. Public-sector jobs are ...
  145. [145]
    Bangladesh's Reforms, Recovery, and Economic Transition
    an average of C$22 billion annually — to illicit ...Missing: owned enterprises<|separator|>
  146. [146]
    A year on from Sheikh Hasina's flight into exile, Bangladesh waits for ...
    Aug 7, 2025 · It is now one year since Sheikh Hasina, the long‑time prime minister of Bangladesh, fled to India on August 5, 2024 amid a student‑led uprising
  147. [147]
    Rohingya refugee crisis: Facts, FAQs, and how to help | World Vision
    Jun 25, 2025 · Since 2017, nearly 1 million Rohingya refugees have fled extreme violence in Myanmar, seeking safety in Bangladesh. Most now live in Cox's Bazar, Bangladesh.Missing: strain | Show results with:strain
  148. [148]
    Bangladesh runs out of resources for Rohingya refugees - Reuters
    Aug 25, 2025 · Children make up half the 1.3 million Rohingya refugees now living in Bangladesh, most of whom fled a brutal 2017 military crackdown in Buddhist ...<|separator|>
  149. [149]
    China's double-edged debt trap | East Asia Forum
    Sep 19, 2023 · Bangladesh owes 53 per cent of its external public debt to multilateral creditors and only 7 per cent to China. Sri Lanka owes 35 per cent to ...
  150. [150]
    Why Is Bangladesh Seeking a $5 Billion Soft Loan From China?
    May 9, 2024 · The Bangladesh government's decision to request a $5 billion soft loan from China for budget support to replenish foreign currency reserves and pay import bills
  151. [151]
    Bangladesh-India Relations Caught in a Downward Spiral
    Dec 4, 2024 · Hasina was perceived as a “trusted friend and ally” of India, especially since she was seen to be “sensitive to India's security concerns.”.
  152. [152]
    The Upsurge Of Radical And Fundamentalist Islamic Elements In ...
    Mar 24, 2025 · With radical Islamist groups regaining ground in Bangladesh after regime change, border vulnerabilities and anti-India rhetorics are on the rise.
  153. [153]
    Bangladesh's Identity Crisis: To Be or Not to Be Secular - The Diplomat
    Dec 6, 2021 · The Awami League's ambiguity about secularism and Islam signals the polarized nature of Bangladesh society. This became evident during the ...
  154. [154]
    Bangladesh's Turning Point: Secularism to Islamic Nationalism and ...
    Dec 13, 2024 · The rise of radical Islamism and the revival of an Islamic Republic in Bangladesh represent a dramatic departure from the secular ideals that ...