Bangladesh’s central bank, the Bangladesh Bank, has identified 13 sectors of the economy,including the readymade garment and textiles, which have been severely impacted by the first wave of the coronavirus pandemic.
This was maintained in media reports, which underlined that the central bank identified these sectors in a survey involving the country’s 59 banks — titled ‘Economic and Financial Stability Implications of Covid-19: Bangladesh Bank and Government’s Policy Response’— even as the central bank made the study public on 29 March (Monday).
As per the survey, which was carried out in the second half of 2020 (taking into consideration sectors that needed the most credit support), 47 banks identified the garment and textile sector, 32 banks identified real estate and construction, 45 banks identified SMEs, 51 banks identified travel & tourism and 28 banks identified education as ‘dreadfully affected’.
The first five have been affected ‘most severely’ as per the participating banks, the study, reportedly, maintained while also adding that the rest of the affected sectors are consumer credit, agriculture, real estate and construction, transport and IT, trade and commerce, ship-breaking and building, agro-based industries, healthcare and power and gas.
