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Economy
Planning
Bangladesh has pursued the path of planned development since independence. Short term Annual Development Programs. Medium term Five-year Plans and Long term perspective plans have been used for the purpose. The First-Five year plan (1973—78) was launched in 1973, while the Fourth-Five year plan concluded in June. 995. The Fifth Five Year Plan has been launched by the present government covering the period 1997—002 in order to enable the country to face the challenges of the 21st century. Export—led economic growth through a liberal free market approach, alleviation of poverty and empowerment of the poor, industrialization, agricultural growth and human resource development have been attached topmost priority in recent Development Plans.
During the l990s, the government policy has focused on strengthening the government’s role in social and infrastructure development, with the private sector playing the leading role in directly productive activities. The roles of the government are mainly confined to regulatory and promotional ones.
Participation of target people at the grassroots level in the planning process has been emphasized by the present government. Grass-roots institutions and individuals are expected to get a prominent role in future in plan formulation and implementation.
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