1. Economic recovery of the new poor created by COVID-19: evidence from Bangladesh.
- Author
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Gomes, Mohima, Jahan, Nusrat, Shatil, Tanvir, Tahsin, Nabila, Das, Narayan, and Matin, Imran
- Subjects
ECONOMIC recovery ,BUSINESS planning ,COVID-19 ,BUSINESS mentorships ,EMERGENCY management - 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. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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