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This is a dismal figure when compared to other developed economies. Even though the poverty rate in Bangladesh has been decreasing, it is doing so at a slow rate of less than 2% per year. [37] Poverty matters because it affects many factors of growth – education, population growth rates, health of the workforce and public policy.
According to Asia Times, food waste is a cause; across Bangladesh approximately 5% of food is wasted each year. Food waste is particularly large during Bangladesh's winter wedding season, which produces "tons of food wastage". Families of the bride and groom are expected to produce lavish meals, and the lack of RSVPs means caterers can't easily ...
Yunus' belief that poverty - which plagued more than 18% of Bangladesh's population in 2022 - is a "threat" and causes problems ranging from terrorism to trafficking, informs most of his work.
Protection, health, education, nutrition, safe water and hygiene are considered basic rights for all children, yet children in Bangladesh face issues on all these fronts. 26 million children live below the national poverty line. Bangladesh has one of the highest rates of child-marriage in the world. 66% of women (aged 20 to 24) were married ...
Yunus is a social entrepreneur and banker who won the 2006 Nobel Peace Prize for his pioneering microfinance work that helped alleviate poverty in Bangladesh and was widely adopted around the world.
Monga is a Bengali term referring to the yearly cyclical phenomenon of poverty and hunger in Bangladesh. It is also called "mora Kartik," which means "months of death and disaster." It refers to two times per year, from September–November (after the aman crop is planted) and from March–April (after the boro crop is planted). [1]
Agriculture is the largest employment sector in Bangladesh, making up 14.2 percent of Bangladesh's GDP in 2017 and employing about 42.7 percent of the workforce. [1] The performance of this sector has an overwhelming impact on major macroeconomic objectives like employment generation, poverty alleviation, human resources development, food ...
The number of people living in relative poverty, across the country, tends to vary from state to state, e.g. in California (in 2018), 4.66 million people lived in poverty versus in Minnesota with about 456,000 people that lived in poverty. [61] The causes of relative poverty in the US are complex and revolve around the following: