Global crises, reduced income, make Bangladeshis cut food consumption: Study (Business Standard)
Business Standard (Bangladesh) published an article with findings from IFPRI. In its study, Russia-Ukraine war and the global crisis: Impacts on poverty and food security in Bangladesh and other developing countries.
“The Russia-Ukraine conflict has shot up prices of food, fuel, and fertilizers, resulting in an increase in the poverty rate by 3.3 percentage points worldwide, IFPRI Director for Development Strategy and Governance, Paul Dorosh, said in presenting the study report at the event. The new poor might be 5 million in number, he added. The report projected a 2.5 percent drop in agriculture’s contribution to Bangladesh’s GDP, with a decrease in the production of rice, wheat, and other major crops. Besides, GDP growth might drop by 0.3 percent. To overcome the situation, Dorosh suggested the government exempt duties on food imports, increase fertilizer subsidies and local production, and provide cash assistance to the poor.