DOT Desk: The spike in global commodity prices caused by the Russia-Ukraine war pushed around three million people into poverty in Bangladesh, reveals a study by the Bangladesh Institute of Development Studies (BIDS), reports TBS.
The study titled “Impact of the Russia-Ukraine War Price Shocks on Bangladesh Economy” further states that rural households, especially the vulnerable groups who earn the most from agriculture, are worst affected by the war.
Thareen Tahrima Chowdhury of the BIDS and Angga Pradesha from the International Food Policy Research Institute presented the highlight of the paper on the first day of the BIDS Research Almanac yesterday.
Planning Minister MA Mannan inaugurated the two-day event arranged by the BIDS at a hotel in the capital. State Minister of Planning Dr Shamsul Alam, Planning Secretary Satyajit Karmaker, and BIDS Director General Dr Binayak Sen spoke at the inauguration session.
Dr Binyak sen said that about 50% of the total number of poor people in 2022 were new as the coronavirus pandemic left a major impact on the country.
The percentage of poor increased for only three months during the Covid-19 pandemic, but it declined shortly after.