Socio-economic services crucial to sustain development impacts

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BSS, Dhaka :
Speakers at a webinar have called for ensuring socio-economic services to sustain development impacts and reduce poverty in the country.
The webinar was organised recently by CARE Bangladesh in association with Swiss Agency for Development and Cooperation (SDC), a CARE press release said.
A study commissioned by CARE Bangladesh on social and economic integration in market systems was presented at the online discussion. While commenting on the study outcome, Rubaiyath Sarwar, the lead researcher of the study, said the poor and the disadvantaged face two types of systemic challenges- on one side, the dysfunctional economic systems mean that they have income poverty; and on the other side, the governance challenges in the local community and the local governance systems mean that they are deprived of social services that they are entitled to.
“Market systems work has huge potential to help address poverty at a scale. Among others, understanding and addressing challenges around contextual systemic constraint on market system is critical,” said Prabodh Devkota, Deputy Country Director- Programme of Care Bangladesh.
Fouzia Nasreen, Senior Technical Adviser, Swiss Foundation for Technical Cooperation, said: “We cannot solve all socioeconomic problems by adopting a single approach. We need to focus on the incremental changes at the life and livelihood of the poor and the disadvantaged. A gender transformative outlook is also required to shift the power imbalance in the society.”
Shakeb Nabi, Country Director, ICCO Bangladesh, said: “The discourse around resilience got new connotation in Bangladesh; it encompasses natural disaster, poverty and COVID. Due to COVID-19 pandemic, about 30 percent people are at risk of falling back to the poverty line. We need to check how far existing models of market development could able to safeguard smallholder producers from this kind of emerging crisis irrespective of social and economic.”
Anowarul Haq, Social Development Adviser of DFID, said: “Approaches and interventions to eradicate poverty is not linear, we need to understand the root causes of poverty from the perspective of people living in poverty and the stakeholders associated with them including NGOs and local market actors.”
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