Eliminating Poverty in Post-Pandemic World
Dr. Ranjan Roy
Ending poverty (SDG-1) is one of the biggest challenges facing humanity in the 21st century. Globally, about 150 million people are living in extreme poverty, that is, living on less than $1.90 a day. Due to Covid-19 pandemic, global extreme poverty has increased in 2020 for the first time in over 20 years. Poverty is the inability of fulfilling the most basic needs such as health, education, and access to water and sanitation, the UN expresses.
The World Bank estimates, poverty reduction strategies have grossly been slowed down over the last year mainly because of the Covid-19 disruptions, which compound the impacts of natural disaster. In Bangladesh, poverty rate has been increased to double (42 per cent) in December 2020 from 21.6 per cent in 2018 for Covid-19 fallout, according to the survey of the South Asian Network on Economic Modelling (SANEM).
At least 66,622 people would fall below the poverty line due to the decline in exports following Bangladesh's graduation to a developing nation from the group of least-developed countries, according to a government analysis. The number of poor is likely to increase from 24.09 million to 24.16 million, according to the "Impact Assessment and Coping up Strategies of Graduation
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EU, Germany contribute €80m to strengthen social security The New Nation
BSS, Dhaka :
The European Union (EU) and Germany transferred €80 million (around Tk 800 crore) to Bangladesh to strengthen key areas of its social security system and build resilience to Covid-19, with a particular focus on affected workers in export-oriented industries.
The establishment in October 2020 of the Government s Social Protection Programme for Unemployed and Distressed Workers in the Ready-Made Garment (RMG), Leather goods and Footwear Industries features as an important response measure, said media release on Thursday.
This is the first joint disbursement from the €113 million grant made available by the EU and Germany as part of Team Europe s response to fight Covid-19 and its consequences in Bangladesh. Funds are channelled through the budget support programme on National Social Security Strategy reforms in Bangladesh.
19 December 2020,
Child labor
Life and livelihood are tied in the same thread in recent times. There have been various problems and worries about livelihood. Many lives have stopped for Covid-19. This epidemic time explains that life is a struggle for survival. So, we have to struggle and survive. This world is very cruel today. However, many people have been accustomed to and familiar with this cruelty for many years. Poor children and street children understand what the urge for livelihood is, what hunger means. In developing countries like Bangladesh, the rate of child labor is very high. This number has also increased significantly in Covid-19. According to the South Asia Economic Focus report of the World Bank published in October, the number of poor people in Bangladesh has doubled during the Corona period. The poverty rate has increased from 12.5 percent to 22 percent. According to a report by the World Bank, Bangladesh s economic growth could fall from 7% to two or three p
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Pic: Zabed Hasnain Chowdhury / Shutterstock.com The European Union and Germany have signed an agreement to provide €113 million (nearly 1,145 crore taka) in support to the Government of Bangladesh’s Social Protection Programme for Unemployed and Distressed Workers in the RMG, Leathergoods and Footwear Industries. This will contribute to safeguard livelihoods of workers in export-oriented industries.
The programme, which is part of Team Europe’s contribution to fight COVID-19 and its consequences in Bangladesh, offers a safety net to workers whose livelihoods are affected by the economic fallout. It also contributes to strengthening the resilience of Bangladesh’s social security system.