On our way to materialize this vision, Bangladesh is justifiably proud of its progress in reducing poverty through the social protection and inclusion of its more marginalized people. A major implication of these gaps in the present safety-net system is the low-net impact on poverty reduction. Inadequacy of resources and competing demand from infrastructure limited the government’s ability to increase the spending on social protection. The government, however, recognizes the need for a redesign of the social protection system. Disaster-risk reduction and management for ensuring social security of vulnerable people is also an integral element of socio-economic development strategy as Bangladesh is among the most disaster-affected countries.

Source: Dhaka Tribune March 04, 2019 18:00 UTC