The global coronavirus pandemic will be perilous for the rural, agrarian population in developing countries such as Bangladesh. In order to evaluate the income-crippling effects of the pandemic and consequent lockdown, LightCastle Partners has conducted a rapid, nationwide survey of 160 rural farmers and workers across 8 divisions.
The analysis finds that 80.4% of respondents experienced a decrease in income from February to March and 93% of respondents expect their income to decrease further in April. Among respondents, 25% of respondents expect to have no income in April, and 55% have no savings to fall back on. In an attempt to shape policy imperatives, the report puts forth customized recommendations for multiple stakeholders.