Bangladesh's impressive gain in governance, economic freedom in 2010 MCC scorecard
Thursday, 12 November 2009
Bangladesh has made considerable progress in terms of MCC (Millennium Challenge Corporation) scorecards released in USA on Tuesday, reports UNB.
A release of Bangladesh Embassy in Washington said Bangladesh met MCC requirements in eight of seventeen indicators weighted by the MCC.
This is a net gain of two additional indicators over a year.
The US Government's Millennium Challenge Corporation (MCC) released country-by-country indicator data measuring the policy performance of 86 developing countries that are candidate for grant assistance from MCC in fiscal 2010.
As per 2010 MCC scorecards, Bangladesh gained impressively in the broader category of governance and economic freedom. According to the report, Bangladesh moved upward in political rights from 33% in 2009 to 60% in 2010, an impressive progress by 27%.
Matching the progress in civil liberties, Bangladesh made a dramatic progress from 46% in 2009 to 53% in 2010. In rule of law in 2009, Bangladesh received 57% in contrast to 60% in 2010.
In 'Investing in People' category, Bangladesh's immunization rates jumped from 70% in 2009 to 75% in 2010. In natural resource management sub-category under the same category of investing in people, Bangladesh obtained 41% in 2010 against 33% in 2009.
Under the economic freedom category, Bangladesh made good progress in sub-category trade policy as the country attained 8 per cent this year compared to last year's achievement of 4 per cent.
However, Bangladesh's achievement in tthe category of "investing inpeople" needs further boost for better outcome in the future.
The Millennium Challenge Corporation (MCC) is a US government corporation designed to work to reduce global poverty through the promotion of sustainable economic growth. Bangladesh could make itself an MCC eligible country if it could maintain upward movement of the criteria covered by the MCC report.
From this year's report, it appears that Bangladesh made considerable progress in a host of areas, which is reflective of the return to democracy through a free, fair and credible election in December last year and also the steps taken by the government of Prime Minister Sheikh Hasina.
Bangladesh Embassy in Washington, DC remained closely associated in disseminating information on Bangladesh's achievements in various areas ranging from politics to economics to investing in people.
Indeed, Bangladesh's return to democracy has consistently received support from US administration. On November 4, 2009 US President Barack Obama lauded the desire of the people of Bangladesh for democracy and assured US support to help Bangladesh in extending her democratic roots.
President Obama had stated this during the presentation of credentials of Akramul Qader, the newly appointed Bangladesh Ambassador to the USA. Obama affirmed that he "is proud to have supported this effort" for Bangladesh.
A release of Bangladesh Embassy in Washington said Bangladesh met MCC requirements in eight of seventeen indicators weighted by the MCC.
This is a net gain of two additional indicators over a year.
The US Government's Millennium Challenge Corporation (MCC) released country-by-country indicator data measuring the policy performance of 86 developing countries that are candidate for grant assistance from MCC in fiscal 2010.
As per 2010 MCC scorecards, Bangladesh gained impressively in the broader category of governance and economic freedom. According to the report, Bangladesh moved upward in political rights from 33% in 2009 to 60% in 2010, an impressive progress by 27%.
Matching the progress in civil liberties, Bangladesh made a dramatic progress from 46% in 2009 to 53% in 2010. In rule of law in 2009, Bangladesh received 57% in contrast to 60% in 2010.
In 'Investing in People' category, Bangladesh's immunization rates jumped from 70% in 2009 to 75% in 2010. In natural resource management sub-category under the same category of investing in people, Bangladesh obtained 41% in 2010 against 33% in 2009.
Under the economic freedom category, Bangladesh made good progress in sub-category trade policy as the country attained 8 per cent this year compared to last year's achievement of 4 per cent.
However, Bangladesh's achievement in tthe category of "investing inpeople" needs further boost for better outcome in the future.
The Millennium Challenge Corporation (MCC) is a US government corporation designed to work to reduce global poverty through the promotion of sustainable economic growth. Bangladesh could make itself an MCC eligible country if it could maintain upward movement of the criteria covered by the MCC report.
From this year's report, it appears that Bangladesh made considerable progress in a host of areas, which is reflective of the return to democracy through a free, fair and credible election in December last year and also the steps taken by the government of Prime Minister Sheikh Hasina.
Bangladesh Embassy in Washington, DC remained closely associated in disseminating information on Bangladesh's achievements in various areas ranging from politics to economics to investing in people.
Indeed, Bangladesh's return to democracy has consistently received support from US administration. On November 4, 2009 US President Barack Obama lauded the desire of the people of Bangladesh for democracy and assured US support to help Bangladesh in extending her democratic roots.
President Obama had stated this during the presentation of credentials of Akramul Qader, the newly appointed Bangladesh Ambassador to the USA. Obama affirmed that he "is proud to have supported this effort" for Bangladesh.