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Besides, these “new poor” are vulnerable to further deterioration of their financial health as they lack strong networks with employers, access to loans and social safety net programmes.
Fifty-one per cent of the total poor in 2022 were new as the dragging fallout of the coronavirus pandemic took its toll on the country, according to a survey of the Bangladesh Institute of Development Studies (BIDS).
Most of these people also remain poorly underserved by government services. Lack of livelihood skills and training, educational opportunities, inadequate and/or poor quality health and nutrition services all impose multiple burdens on the population that are already at or below the poverty line, and keep them trapped in the vicious cycle of poverty.