Or they could maintain the same birth rate and use technology that was well understood before anyone in this board was born. Huge portions of the Low Countries have been prosperous and below sea level for centuries. It requires dykes, ditches, windmills and uninterrupted competent engineering organisations. Dutch history shows that’s adequate for keeping land 2m below sea level inhabited and rich. Any rise greater than that and they might have to break out technology more advanced than windmills. It’s a massive engineering challenge but unless Bangladesh is built on limestone so the bedrock is porous it’s an engineering challenge that WWII technology would have been sufficient to.
Yes, regards water level it won't do much (I missed parent's point), but it doesn't hurt to have less children and give them better education vs the way it is now.