Five Year Plans

THE FIRST FIVE YEAR PLAN 1973-78

The "First Five Year Plan 1973-78" refers to the initial national development plan implemented in Bangladesh following its independence, focusing on a socialist development policy with the primary goals of accelerating economic growth, poverty alleviation, and employment generation through human resource development, all within the timeframe of 1973 to 1978; it aimed to achieve a balanced approach between public and private sector involvement in the economy while prioritizing agriculture and basic infrastructure development.

THE SECOND FIVE YEAR PLAN (1980-85) Part-2

The Second Five Year Plan of Bangladesh, spanning from 1980 to 1985, was a crucial economic development strategy focused on accelerating agricultural growth, diversifying the export base, and improving basic infrastructure, aiming to stabilize the post-liberation economy while dealing with challenges like natural disasters and limited resource availability. Key aspects of the Second Five Year Plan:

• Agricultural Emphasis:Prioritized increasing food production through improved irrigation facilities, promotion of high-yielding varieties, and expanding rural credit access. 
• Industrial Diversification:Sought to move beyond traditional jute exports by developing new industries like textiles, leather goods, and light engineering to boost export earnings. 
• Infrastructure Development:Focused on improving transportation networks by expanding roads, waterways, and power generation capacity to facilitate economic activity. 
• Social Sector Focus:Included programs for primary education, healthcare, and family planning to improve human capital development. 

Challenges faced during the Second Five Year Plan:

• Frequent Natural Disasters:Frequent floods and cyclones disrupted development efforts and required significant resources for relief and rehabilitation. 
• Foreign Aid Dependency:The plan heavily relied on foreign aid, which was susceptible to fluctuations in donor commitments. 
• Political Instability:Political turmoil during the period could have impacted policy implementation and investment decisions. 

Overall, the Second Five Year Plan aimed to lay the foundation for a more robust and diversified Bangladeshi economy, but its progress was hindered by external factors like natural disasters and fluctuating foreign aid. 

THE SECOND FIVE YEAR PLAN (1980-85) Part-1

The Second Five Year Plan of Bangladesh, spanning from 1980 to 1985, was a crucial economic development strategy focused on accelerating agricultural growth, diversifying the export base, and improving basic infrastructure, aiming to stabilize the post-liberation economy while dealing with challenges like natural disasters and limited resource availability. Key aspects of the Second Five Year Plan:

• Agricultural Emphasis:Prioritized increasing food production through improved irrigation facilities, promotion of high-yielding varieties, and expanding rural credit access. 
• Industrial Diversification:Sought to move beyond traditional jute exports by developing new industries like textiles, leather goods, and light engineering to boost export earnings. 
• Infrastructure Development:Focused on improving transportation networks by expanding roads, waterways, and power generation capacity to facilitate economic activity. 
• Social Sector Focus:Included programs for primary education, healthcare, and family planning to improve human capital development. 

Challenges faced during the Second Five Year Plan:

• Frequent Natural Disasters:Frequent floods and cyclones disrupted development efforts and required significant resources for relief and rehabilitation. 
• Foreign Aid Dependency:The plan heavily relied on foreign aid, which was susceptible to fluctuations in donor commitments. 
• Political Instability:Political turmoil during the period could have impacted policy implementation and investment decisions. 

Overall, the Second Five Year Plan aimed to lay the foundation for a more robust and diversified Bangladeshi economy, but its progress was hindered by external factors like natural disasters and fluctuating foreign aid.