8th Five Year Plan (English Version)
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.