Also Read- What is progress without gender equality? Every year, a High-Level Political Forum (HLPF) is organized with the UN member countries where they present a National Voluntary Report (VNR) on their current position, adversities and ways to achieve their SDGs.

Bangladesh's exports rose 0.6% to $3.9 billion in July, after plummeting 83% to $520 million in April. DHAKA,Bangladesh -- A rebound in garment orders after demand crashed during spring shutdowns is helping to revive the Bangladesh economy. This is the second time that a National Voluntary Report (VNR) has been submitted to HLPF from Bangladesh. By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices. 2A Media Limited. “The garment sector is making a good comeback. The pace of the recovery will depend on how the pandemic behaves in the West over the next few months,” Mansur said. “Create full and productive employment and decent employment opportunities for all and achieve stable, inclusive and sustainable economic growth.”. There are 12 targets to achieve this goal. “At the moment we can say that the ready-made garment industry has been able to regain its growth trajectory upward compared to March-May," Rubana Huq, president of the Bangladesh Garment Manufacturers and Exporters Association, or BGMEA, told The Associated Press. All Rights Reserved.

The report also claims significant improvement in workplace safety, which is an indicator of SDG 8.8. All in all, as these goals are realized, the fairness in employment will lead to a heavily stimulated economy, akin to a rocket, which could fulfill Bangladesh’s potential as an economic powerhouse in the near future. According to the World Economic Forum, women are paid 32% less than men. FILE - In this April 19, 2018 file photo, trainees work at Snowtex garment factory in Dhamrai, near Dhaka, Bangladesh. Bangladesh’s 2020 National Voluntary Report shows commendable progress through increase in … But to meet the SDG 8.5, we have to create full-time productive employment and decent employment opportunities, and ensure equal pay for equal work for all men and women, including youth and the disabled by 2030. These targets range from a stable national economy and per capita income to entrepreneurship and women's safety in the workplace. There are 12 targets to achieve this goal. These targets range from a stable national economy and per capita income to entrepreneurship and women's safety in the workplace. That's a much brighter outlook than in April-May, when global clothing brands suspended or cancelled orders worth more than $3 billion, affecting about 4 million workers and thousands of factories. The country confirmed its first positive case on March 8. Also Read- What Bangladesh needs to do to improve health and welfare. 92% of working women in our country are involved in informal work where security and benefits are not guaranteed. Women working in the informal sector are the most vulnerable, but by institutionalizing their workplace we can transform them into partners in development. The Asian Development Bank reported this week that the economic comeback was encouraging. (AP Photo/A.M. But if the IMF’s latest projections are accurate, the gap is set to disappear, and Bangladesh and … Bangladesh’s 2020 National Voluntary Report shows commendable progress through increase in per capita income and GDP. In August, exports rose 4.3% from a year earlier, to $2.96 billion, mostly driven by apparel shipments, according to the government’s Export Promotion Bureau. Our agriculture is doing well. Bangladesh Economic Outlook September 22, 2020 Economic growth slowed to an over 10-year low in FY 2020 (July 2019–June 2020), reflecting disruptions related to the pandemic. Garment shipments totaled $5.7 billion in July and August. Since a large number of women in our country are involved in domestic work, economic evaluation of their work (inclusion in the GDP) will ensure their economic inclusion along with raising their social status. WSOC - TV Public File Contact / Program Director, WAXN - TV Public File Contact / Program Director. It is forecasting the economy will grow at a robust 6.8% annual pace in the fiscal year that ends in June if current conditions persist.

24/7 coverage of breaking news and live events. Sorry, the page you are looking for cannot be found. SDG 8 cannot be achieved unless women and men receive equal economic appraisal, labour structure, wages, medical care, and security in every sector. Women who work as labourers work harder than men but lag behind in wages and other benefits. The government imposed a nationwide lockdown on March 26, and the garments sector was closed for nearly three months, reopening only gradually.

Imports, which are reported on a quarterly basis, began recovering earlier, rising 36% in May-June.

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