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Economic Recovery of the New Poor Created by COVID-19: Evidence From Bangladesh

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.

Authors: Gomes, Mohima; Jahan, Nusrat; Shatil, Tanvir; Tahsin, Nabila; Das, Narayan; Matin, Imran
Type: Journal Article
Year: 2023

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