Business

Advertisement

 

79pc of marginalised families face financial crisis amid pandemic

Staff Correspondent | Published: 13:52, Apr 08,2021

 
 

Around 79 per cent of marginalised households in Bangladesh are exposed to financial hardship due to COVID-19 pandemic as their current income is not sufficient to manage current expenditure, according to a latest survey report.

Of them, only 21.5 per cent household have managed to recover from the situation and the recovery took on an average five months.

The remaining 78.5 per cent household could not recover yet from the hardships and the average expected recovery time is 13 months, the survey titled Marginalised Communities in Bangladesh: Dealing with Pandemic Fallouts found.

Citizen’s Platform for SDGs, Bangladesh on Thursday released the findings of the survey at a media briefing.

The platform conducted the face-to-face survey of 1,600 households across the country in February and the survey covered 10 marginalised groups, including households from char, haor and coastal areas, slum, dalit, indigenous, persons with disabilities, migrant, micro, small and medium enterprises.

According to the survey, more than 80 per cent households also cut down their food expenses through reduction of the number of protein items, number of items in a meal, number of meals and compromising baby food as coping strategies to mitigate impact of COVID-19 crisis.

At least 70 per cent surveyed households reported that at least one member of their households lost job or had to shut down business during the lockdown. More than 97 per cent of them, however, rejoined at work.

Monthly income of around 16 per cent household in February remained below the pre-COVID situation while monthly consumption dropped for more than 8 per cent household, it said.

The platform convener, also Centre for Policy Dialogue distinguished fellow, Debapriya Bhattacharya, CPD distinguished fellow Mustafizur Rahman, lead researcher of the survey Towfiqul Islam Khan and senior analyst Estiaque Bari, among others, spoke at the briefing, among others.

Want stories like this in your inbox?

Sign up to exclusive daily email

Advertisement

 

Advertisement

images