• Tuesday, Sep 21, 2021
  • Last Update : 08:54 pm

ED: Strengthening our social protection

  • Published at 08:26 am June 20th, 2021
Poor-people
Mehedi Hasan/Dhaka Tribune

It is crucial now to focus on developing expansive social safety nets that will be able to cover a majority of the current population suffering from poverty

Although Covid-19 has affected the lives and livelihoods of nearly all sections of society, those living in and on the brink of poverty have, no doubt, been hit disproportionately hard.

To an extent, this has undone the colossal poverty alleviation work that Bangladesh managed to do over the past two decades, having brought poverty down from 48.9% in 2000 to 20.5% in 2019. Those who have newly slipped into poverty during this pandemic, termed the “new poor,” constitute almost 15% of the population as of last March.

It is imperative that Bangladesh acknowledge this stark rise in poverty rates, and implement measures accordingly to mitigate these adverse effects of the pandemic. While there have been continued efforts to aid the poor through these trying times, mostly by offering aid and relief, it is crucial now to focus on developing expansive social safety nets that will be able to cover a majority of the current population suering from poverty.

Poverty alleviation of this sort has numerous challenges ahead, funding being one of the major obstructions, especially due to the large numbers of the new poor.

To that end, it is encouraging to see the Asian Development Bank (ADB) approve a $250 million loan to Bangladesh to strengthen social protection programs and thus support an inclusive approach to recovery from the socioeconomic devastation caused by Covid-19.

Extensive reforms of this sort will go a long way towards poverty alleviation, which is absolutely crucial for the nation now, as it struggles with greater sections of its population falling below the poverty line.

86
Facebook 83
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail