Economic recovery of the new poor created by COVID-19: evidence from Bangladesh

Mohima Gomes, Nusrat Jahan, Tanvir Shatil, Nabila Tahsin, Narayan Das and Imran Matin

Development in Practice, 2024, vol. 34, issue 2, 221-237

Abstract: The COVID-19 shock resulted in a large number of people becoming newly poor in Bangladesh, for whom recovery was slow and difficult. In response, BRAC implemented a nationwide program – credit, business planning support, and mentoring – targeting the economic recovery of the new poor. This paper estimates its impact using a mixed method and finds that the program had a significant positive effect on employment, income, and assets, indicating a faster economic recovery of program participants. The learnings from this program can have major policy implications for future disaster responses targeting livelihood recovery, specifically during the time-sensitive transitory phase from relief to long-term development.

Date: 2024
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DOI: 10.1080/09614524.2023.2267795

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