The Asian Development Bank (ADB) approved the Road Network Improvement and Maintenance Project II for a loan of $126 million in November 2003 to help the government of Bangladesh achieve economic growth and poverty reduction.
Illiteracy and lack of life skills are major factors behind poverty. Recognizing this, the government of Bangladesh took major strides to eradicate illiteracy in 1991−2000. It funded literacy training for 17 million learners mainly through community-supported centers and with the assistance of nongovernment organizations (NGOs). But as these neo-literates required further training to reinfor
Under its 2005 poverty reduction strategy, the government of Bangladesh prioritized technical and vocational education and training (TVET) to maximize the opportunities for self- and wage employment accompanying economic growth.
Urbanization in Bangladesh had been increasing at a rate of 6% per year since 1971. As of 2005, an estimated 38 million people or 27% of the total population lived in urban areas. Despite significant progress in poverty reduction, 37% of the urban population were below the poverty line in the 1990s.
Due to high transaction costs, poor logistics performance, and a proliferation of nontariff barriers, South Asia was one of the least integrated regions in world trade until 2012.
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