What happened in Bangladesh regarding social protection in 2023?

Bangladesh saw some measures taken related to social protection in 2023:

• Universal Pension Scheme (UPS)

In August 2023, the Bangladeshi government introduced the Universal Pension Scheme (UPS). Under this program, citizens aged under 50 can enroll by paying a fixed premium for at least 10 years. Upon reaching 60, beneficiaries receive pension payments. Notably, both the deposited premiums and pension disbursements enjoy tax exemptions. Additionally, beneficiaries have the option to withdraw up to 50% of their accumulated funds as a loan.

• Garment Workers’ Minimum Wage Increase

Effective December 1, 2023, the minimum wage for garment workers rose from 8,000 taka to 12,500 BDT (approximately 110€) per month. This was after many protests that met with violent repression and remains far below the trade unions unified demand of 24.000BDT/month.

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  Employment Injury Scheme for Garment Workers

Long awaited, this pilot scheme launched in 2023 is addressing occupational safety, the Employment Injury Scheme provides comprehensive support for garment workers. It includes data collection, rehabilitation services, and safety enhancements within factories. See ILO's June 2024 publication on its achievements here.

Climate Change Challenges

Also in 2023, Bangladesh faced climate-related health risks due to rising temperatures, floods, and cyclones. These challenges impact poverty reduction efforts and strain healthcare systems. However, addressing climate change can also yield health benefits, including improved air quality and disease prevention.