Bangladesh is a developing nation. Despite rapid economic growth, poverty remains a major issue. However, poverty has declined sharply in recent history. Shortly after its independence, approximately 90% of the population lived under the poverty line. However, since economic reforms and trade liberalization of early 1990s, along with accelerated economic growth since early-2000s, Bangladesh have experienced a dramatic progress in reducing poverty. The remarkable progress in poverty alleviation has been recognized by international institutions. According to World Bank, more than 33 million Bangladeshi people have been lifted out of poverty since 2000; as measured by the percentage of people living on the equivalent of US$1.90 or less per day in 2011 purchasing price parity terms. Since early-2000s, rapid economic growth has fueled a remarkable increase in per-capita income. Bangladesh's per capita has increased almost threefold between 2010 and 2020, from under $700 to $2,068, (the highest GDP per capita in South Asia) moving Bangladesh into the ranks of middle-income economy. At current growth, Bangladesh is projected to enter upper-middle income status by 2041. Based on the current rate of poverty reduction, Bangladesh is projected to eliminate extreme poverty by 2021, the first country in South Asia to do so. General overview of Bangladesh Bangladesh's economic reform started with the implementation of investment friendly economic policies, privatization of public industries, budgetary discipline, and liberalization of trade were among the key elements behind acceleration of Bangladesh's economy. Since then, Bangladesh has been among the fastest growing economies in the world, exceeding 6 percent growth annually between 2004 and 2015. The GDP growth further accelerated exceeding 7 percent mark since then, and is projected to gradually exceed 10 percent growth until 2020 Among Bangladesh's many economic and social achievements, dramatic reduction in poverty in often considered a phenomenon among international organizations such as IMF and The World Bank. Between 1972 and 2018, Bangladesh's population living on less than $1.90/day is estimated to have fallen from 90% to 9%. Between 2008 and 2018, The per capita income in the country increased 149%. As of 2020, female labor force participation rate stands at 45%, while net female school enrollment rate stands at a staggering 98%. World Economic Forum ranks Bangladesh as the most gender-equal nation in South Asia (ranked 47th, followed by Maldives 106th; India 108th). Rural and urban poverty Strong national poverty reduction, masks differences in welfare trends between rural and urban Bangladesh. The