The Covid-19 pandemic has resulted in an unprecedented rise in poverty in Bangladesh in a very short time span. The South Asian Network on Economic Modeling s (SANEM) household survey in November-December 2020 indicates that the poverty rate in Bangladesh increased from 20 percent in 2019 to 42 percent by the end of 2020. There is no denying that the decade-long success in poverty reduction in Bangladesh is under threat.
There are a few reasons behind the sudden and unprecedented rise in poverty in Bangladesh. First, the lockdown during March-May 2020 and the disruption of economic activities since the onset of Covid-19 resulted in unmatched havoc in the economy. This havoc created a large labour market disruption as many people either lost their jobs or earned less. Although the lockdown has been discontinued since June 2020, economic activities are yet to return to normalcy. Two rounds of SANEM s business confidence survey of firms from major economic sectors in Bangladesh in July
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SANEM’s survey on poverty rate is illogical: Finance Minister
AHM Mustafa Kamal. File photo Star Online Report Star Online Report
Finance Minister AHM Mustafa Kamal today said the survey which claimed that 42 percent of 5,577 households are below poverty line is illogical.
The survey was carried out by South Asian Network on Economic Modeling (SANEM).
The finance minister said this after a meeting of Cabinet Committee on Government Purchase (CCGP).
Replying to a question from reporters, he said, I think the whole survey has been totally distorted from the real position.
SANEM on January 23 revealed the survey findings, conducted over November and December last year, which found 42 percent of 5,577 households were below the poverty line.
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Prothom Alo English Desk
Published: 24 Jan 2021, 10:45
The South Asian Network on Economic Modeling (SANEM) on Saturday said the percentage of the population living below the poverty line (upper poverty line) has nearly doubled from 21.6 per cent in 2018 to 42 per cent in 2020, while the percentage of extreme poor (lower poverty line) trebled from 9.4 per cent in 2018 to 28.5 per cent in 2020, reports UNB.
Executive director of SANEM Selim Raihan disclosed the survey results at the 10th episode of SANEM Shongzog on COVID-19 Fallout on Poverty and Livelihoods in Bangladesh: Results from SANEM s Nationwide Survey (Nov-Dec 2020).
The poverty rate has increased in both urban and rural areas in Bangladesh. The percentage of the population below the poverty line in rural areas was 45.3 per cent, while the number was 35.4 per cent in urban areas.