The preparatory process of the Eighth Five Year Plan is marked by the infestation of the major global catastrophe ‘COVID-19’, which has caused consequential economic conundrum across the world. The Eighth Five Year Plan is unique compared to its preceding two plans as it blends the COVID-19 recovery strategies in the macroeconomic framework as well as developing sectoral strategies in the plan. The government was in strong favor of the continuation of the Five Year Plan instead of formulating a separate COVID-19 response plan as discontinuation of the Five Year Plan could slow down the ongoing development initiatives of the government, which are extremely essential to face the challenges of LDC graduation, to meet the targets of SDGs and to fulfill the aspiration of the Vision 2041. Besides, the implementation of the Perspective Plan (PP) 2021-2041 is envisaged in four ‘Five Year Plans’; the first quinquennium starts with the Eighth Five Year Plan. Hence, the main objective of the Eighth Five Year Plan is to start the implementation of PP2021-2041 in a way that brings Bangladesh closer to the goals of achieving UMIC status by 2031 and attaining SDGs targets through managing the challenges of LDC graduation, which will also help to eliminate extreme poverty by 2031.
8th Five Year Plan July 2020 – June 2025
PP2041 এর বাস্তবায়ন চার পাঁচ বছরের ধাপে কল্পনা করা হয়েছে। প্রথম পর্ব 8FYP দিয়ে শুরু হয়। সুতরাং, 8FYP এর প্রধান কাজ হল PP2041 এর বাস্তবায়ন শুরু করা যাতে এটি বাংলাদেশকে নিয়ে আসে ইউএমআইসি মর্যাদা অর্জন, প্রধান এসডিজি লক্ষ্য অর্জন এবং চরম দারিদ্র্য দূরীকরণের লক্ষ্যের কাছাকাছি FY2031 দ্বারা।
SEVENTH FIVE YEAR PLAN FY2016 – FY2020
The 7th FYP has been formulated with full recognition that the 'outlier' phenomenon is not merely a blip on the development path but rather a sustainable occurrence chartering a new development trajectory. Lauded as a 'Development Surprise' by prominent international media, Bangladesh has emerged as a shining example for countries throughout the world as it continues to defy traditional, linear development models and innovate a novel, alternative pathway for socioeconomic progress.
SIXTH FIVE YEAR PLAN – FY2011-FY2015
Over the past 40 y¬ears since independence, Bangladesh has increased its real per capita income by more than 130 percent, cut poverty by more than half, and is well set to achieve most of the Millennium Development Goals. Bangladesh’s development experience is particularly remarkable in that it stands out as a positive example of a resilient young nation that has fought many natural and global disasters as well as internal political debacles and yet stayed firm on the development path. Notwithstanding many external and internal shocks, per capita income has risen continuously and steady progress has been made in lowering poverty. This positive development experience provides the basis for optimism, notwithstanding the many remaining policy and institutional constraints and the global uncertainties, that Bangladesh will continue to make inroads in improving the living standards of its citizens.
Fifth Five Year Plan
The Fifth Five Year Plan (1997-2002) has been formulated with a vision as a guide. The dream of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman of Sonar Bangla from where poverty and deprivation will be banished forever has served as a beacon to the plan formulators. For too long this dream has remained unrealised. Adverse international situation affected our efforts to take a place of pride in the comity of nations. The brutal assassination of the Father of the Nation in 1975 took the nation away from the charted course of attaining prosperity in freedom. Our steps faltered. We continued along the trend lines. We did not yield ratchet effects through conscious, dispassionate and determined endeavour.