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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).
The government project undertaken to prepare the country s first-ever poverty registry has not been completed in more than seven years, with the data collected for it already rendered useless.
The National Household Database (NHD), initially known as the Bangladesh Poverty Database, is meant to help streamline the beneficiary selection process for social safety net programmes by gathering socioeconomic data of each household in the country.
Implemented in collaboration between the Bangladesh Bureau of Statistics (BBS) and the Department of Disaster Management (DDM), the project beginning in 2013 was supposed to be completed by 2017.
But the Tk 328 crore project, financed by the government and the World Bank, saw its deadline pushed to June 2021 and cost balloon to Tk 727 crore.
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