General Economics Division is happy to announce that the soft copy of the 8th Five Year Plan (July 2020-June 2025) has been uploaded in the website. Three cheers to team GED led by respected Member (Senior Secretary) Dr. Shamsul Alam . The hard copy of the document will also be available very soon. Team GED is thankful to all who cooperated in the making of such magnificent plan.
At the advent of the fifty years’ celebration of our great independence and the joyous Mujib birth centenary, the General Economics Division (GED) of Bangladesh Planning Commission has made colossal efforts to put forward the Eighth Five Year Plan (July 2020-June 2025) before the nation. As a constitutional mandate to attain a just and egalitarian society through planned economic growth, the first Five Year Plan was
formulated under the prudent guidance and visionary leadership of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman, which laid strong foundation of today’s development.
Thereafter, a total of seven Five Year Plans were devised till date to map out the strategic vision to be a prosperous nation. Preparatory process of the Eighth Five Year Plan is marked by the infestation of 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 favour 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 it 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.
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