Speakers at a virtual dialogue on Thursday said fiscal measures would be more effective in easing the burden of the coronavirus pandemic on women than monetary measures. The government has aptly rolled out a number of liquidity support and fiscal stimulus packages in response to the pandemic, they said. However, the speakers said, these packages were not designed keeping women in mind, and hence have not been entirely successful in addressing women’s special needs during the pandemic. They said most women are unaware of the liquidity support while some, who are aware of it, are reluctant to apply for loans. Due to the economic downturn and the uncertainty regarding the future, women need cash handouts more than loans, they noted.  These observations emerged at the virtual dialogue titled “Socio-Economic Recovery Measures of the Government: How Much Women Have Benefitted” held on Thursday. Centre for Policy Dialogue (CPD), in partnership with UN Women, hosted the dialogue.  CPD has recently undertaken a study on the theme in collaboration with UN Women. The findings of the study were shared at the dialogue.  This study explores the gender dimension of the government’s COVID-19 policy measures and recommends policies for making the COVID-19 response work for women. CPD’s Executive Director Dr Fahmida Khatun made the keynote presentation during the virtual dialogue. She presented some of the highlights from a rapid survey on women entrepreneurs’ access to the stimulus package.  In this respect, she focused on a range of issues, such as providing training for women entrepreneurs and improving women’s access to finance.  She also pointed out that child marriage, burden of unpaid care and domestic work, and violence against women have increased during the pandemic. Commenting on the promotion of the incentive package, chief guest of the event, Planning Minister MA Mannan said everyone should work together to bring this information to the right people. He mentioned the government recognises the challenges of women during the pandemic and is working towards improving their situation. Shoko Ishikawa, Country Representative, UN Women Bangladesh Country Office joined the dialogue as a Special Guest and focused on the global picture of women due to pandemic. She mentioned that globally, 47 million women and girls are forced into poverty because of COVID-19. She also added that all packages need to ensure adequate and transparent delivery for women. Professor Rounaq Jahan, Distinguished Fellow, CPD chaired the dialogue.  She opined that though COVID-19 added disadvantages for women, a plan of action for specific groups to support in specific areas for women entrepreneurs need to be prepared.  A task force might be formed to monitor the progress of this work. MSMEs are in the informal financial system and their issues cannot be solved unless they are taken to the formal banking/financial channel, said Dr Lila Rashid, former Executive Director, Bangladesh Bank.  Selim RF Hussain, Managing Director and CEO, BRAC Bank stated that banks should also focus on investing in non-financial advisory services for women entrepreneurs. Shaheen Anam, Executive Director, Manusher Jonno Foundation; Kaniz Almas, CEO & Managing Director, Persona; Dr Fauzia Moslem, President, Bangladesh Mahila Parishad and Vidiya Amrit Khan, Director, Desh Group of Companies joined the virtual dialogue and delivered their remarks as distinguished discussants.  The dialogue was participated by relevant government officials, business leaders, development activists, experts and academia, representatives from the development partners and media professionals.

Mentioning that around 46 percent people are deprived of social safety allowance, senior secretary and member of the General Economics Division (GED) of the Bangladesh Planning Commission Dr Shamsul Alam on Sunday hoped that all the poor people would come under social safety programmes soon.

The National Board of Revenue (NBR) has devised five strategies to boost its revenue collection offsetting the negative impacts of the Covid-19 pandemic.

More than 32 million of the world’s poorest people face being pulled back into extreme poverty because of COVID-19, leading UN economists said on Thursday, highlighting data showing that the pandemic is likely to cause the worst economic crisis in decades among least developed countries (LDCs).

An additional 207 million people could be pushed into extreme poverty by severe long-term impact of the coronavirus pandemic, bringing the total number to more than 1 billion by 2030, according to a new study from the UN Development Programme (UNDP).

Heads of United Nation agencies called on countries to take action to protect children from food supply problems sparked by Covid-19 pandemic.

Amid the growing unemployment and poverty rate during the shutdown period due to COVID-19, economists and businesses urged the government to distribute all stimulus packages properly in the affected sectors.

Several ministers at FBCCI's webinar discussion on Sunday expected major changes in the budget for 2020-21 fiscal year to overcome the COVID-19 impact.

The Asian Development Bank (ADB) and the government of Bangladesh on Monday signed $500 million loan agreements to strengthen Bangladesh’s efforts to mitigate the socio-economic impact of the novel coronavirus or COVID-19 pandemic.

Three out of four U.S. hospitals surveyed are already treating patients with confirmed or suspected COVID-19, according to a federal report that finds hospitals expect to be overwhelmed as cases rocket toward their projected peak.