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Bangladesh to create seven million new jobs

By Xinhua,

Dhaka : Bangladesh’s caretaker government will create more than seven million new jobs in the next three years to reduce poverty in the country, a senior official said Wednesday.

The new target has been set to fulfill the objectives of the second version of the Poverty Reduction Strategy Paper (PRSP), which will come into effect July 1, an official of the planning ministry said.

In March 2003, Bangladesh presented its first three-year plan to achieve sustainable economic growth, tackle poverty and initiate social development projects.

The PRSP has projected an employment growth of 4.67 percent between 2008 and 2011. The total number of jobs generated would be 50.58 million during the period.

The projections were made on the basis of the expected growth of the country’s Gross Domestic Product (GDP) at seven percent during the period.