Social Safety Nets In Bangladesh Essay

5374 words - 22 pages

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[Social Safety Nets in Bangladesh] |
This report looks at the overall structure of Social Security Net Plans in Bangladesh and their poverty impact at a macroeconomic level. The main objective of the study is to look into the overall impact of the existing safety net programs on poverty reduction in Bangladesh. The paper also looks into the impact of the existing safety net programs on reducing inequality. |

Social Safety Nets In Bangladesh
This report looks at the overall structure of Social Security Net Plans in Bangladesh and their poverty impact at a macroeconomic level. The main objective of the study is to look into the overall impact ...view middle of the document...

The Social safety nets play both a redistributive and a productive role supporting moral philosophy as well as managing risks. These two are the major pillars that justify the existence of safety net programs. It should be mentioned at the outset that the safety net programs create a path towards poverty reduction in the long run. They do not reduce poverty directly; rather, these programs tend to reduce transitional poverty through ensuring proper nutritional intake, education, health care etc.
In other words, the safety net programs are methods through which poverty is expected to fall through investment in human capital.
With about 40 per cent of its population living below the poverty line and an increasing number of population being added below the lower poverty line, safety net programs in Bangladesh are more than a necessary element in fighting poverty. The government has been following a combination of direct and indirect safety net programs for poverty eradication addressing both human and income poverty. However, despite having a large number of programs under the safety net, the rate of poverty reduction has not been satisfactory. It is thus crucial to scrutinize the impact of the existing safety net programs on poverty reduction in Bangladesh and identify the kind of programs that would be more suitable to the socio-economic condition of the country.
This report looks at the overall structure of Social Security Net Plans in Bangladesh and their poverty impact. It does not go into detailed evaluation on which of the various types of safety net programs have been successful in Bangladesh. The paper discusses a number of SSNPs that have been considered to be successful in other countries of the world and highlights the current scenario of Bangladesh.
The main objective of the study is to look into the overall impact of the existing safety net programs on poverty reduction in Bangladesh. The paper also looks into the impact of the existing safety net programs on reducing inequality. In the final section, the study provides several policy suggestions on design, target and coverage of the existing safety net programs.

2. Introduction
Bangladesh had made some remarkable achievements in reducing poverty and other improving social and economic outcomes between 1991 and 2000 (The World Bank Group). During this period, poverty rates fell by 9%. Also, the percentage of population that completed grade five educations increased from 44% in 1991-92 to 56% in 2000 (The World Bank Group).
In spite of this, some 63 million people, which is roughly half of the country’s population, still live in severe deprivation, according to 2000 data (The World Bank Group). 55% of people over the age of seven couldn't read nor write.

3.1. The Poverty Situation of Bangladesh
While today, fewer people lived in acute poverty, inequality within and across region have progressively increased. The country's major challenge is to keep the momentum...

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