Syndicate Work Presentation Covid-19 pandemic and economy of Bangladesh

1. Presented By
Special Foundation Training Course for the Officers of Department
of Textiles (1st Batch)
National Academy for Panning and Development
WELCOME TO PRESENTATION
ON
Covid-19 pandemic and economy of
Bangladesh

2. Md. Mominul haque
Roll 101
Md. Zahid Murad Shuva
Roll 105
Md. Nur Alam
Roll 106
Elias Khalil
Roll 103
Sree Arobindu Shaha
Roll 104
Md. Mozammel Hossain
Roll 102

3. • Introduction
• Origin of Covid-19
• How it Spread out
• Symptoms of Covid-19
• Timeline of COVID-19 Outbreak
• Covid-19 situation in Bangladesh
• Economic Situation of Bangladesh before covid-19
• Impacts of COVID-19 in Textile Sector
• Government Stimulus Packages in COVID-19
• SWOT Analysis
• Suggestions to overcome
• Conclusion

4. • The novel coronavirus has already caused deadly havoc in the
world, affecting more than 208 countries and the spread is still on
the rise, significantly affecting the global economy.
• Bangladesh being forced through lockdown until end of May has
seen a crippling effect on workers and businesses across the
country.
• The economy almost came to a standstill and debilitating effects are
being observed in almost all sectors.

5. • Severe acute respiratory syndrome coronavirus 2
(SARS-CoV-2) is a novel severe acute respiratory
syndrome coronavirus.
• It was first isolated from three people with
pneumonia connected to the cluster of acute
respiratory illness cases at Wuhan city in China.
December 2019.
• All structural features of the novel SARS-CoV-2
virus particle occur in related coronaviruses in
nature.

6. • COVID-19 is caused by mainly when an infected person is in close contact with another
person.
• The virus can spread from an infected person’s mouth or nose in small liquid particles
when they cough, sneeze, speak, sing or breathe heavily. These liquid particles are
different sizes, ranging from larger ‘respiratory droplets’ to smaller ‘aerosols.
• Other people can catch COVID-19 when the virus gets into their mouth, nose or eyes,
which is more likely to happen when people are in direct or close contact (less than 1
metre apart) with an infected person.
• By respiratory droplets among people who are in close contact with each other.
• Aerosol transmission can occur in specific settings, particularly in indoor, crowded and
inadequately ventilated spacesThe virus can also spread after infected people sneeze,
cough on, or touch surfaces, or objects, such as tables, doorknobs and handrails.

7. 31st Dec,2019
Li Wenlian informed WHO
7th Jan,2020
1st Identified as Corona
9th Jan, 2020
1st death in China
20th Jan, 2020
Emergency in China
30th Jan, 2020
WHO declared world
Emergency
11th March, 2020
Declared as Pandemic
13th March, 2020
USA declared Emergency
12th March, 2020
UK declared Emergency
17th March, 2020
GoB limits mass movement
GoB imposes Lockdown

8. • Most common symptoms:
• fever
• Dry cough
• tiredness
• Less common symptoms:
• aches and pains
• sore throat
• Diarrhoea
• conjunctivitis
• headache
• loss of taste or smell
• Serious symptoms:
• difficulty breathing or shortness of breath
• chest pain or pressure
• loss of speech or movement

9. 11053
657K
745K
5345K

10. The first case of COVID-19 was identified in Bangladesh on March 8, 2020, and the first
death from the virus was recorded on March 18.

11. Economy
COVID-19

14. COMPARIOSN BETWEEN BEFORE COVID-19 & AFTER COVID-19
OF KEY INDICATORS OF BANGLADESH ECONOMY

17.  Liquidity management could be
challenging for a number of Banks
 Banks may act to contain its
escalating cost
 Client Relationship Management
will see new interfaces
 Tech landscape within the banking
industry will reshape fast
 Enhancing cooperation of banks
with mobile operators/e-payment
service providers

18. It is estimated that the lockdown has obstructed the
livelihood of 85% of the country’s working
population
lockdown has obstructed the livelihood of 85% of the
country’s working population
50% of the household in the country lost at
least one third of their income within the
first ten days of government lockdown
The country’s GDP is also probable to
decline by 3-4% on account of the
pandemic

20.  A stimulus package of BDT 50bn for the purpose of payment of salaries of employees engaged in
export-oriented industries. This stimulus will be available in the form of loan at 0% interest and 2.0%
one-time service charge for a 2-year period with 6 months’ grace period.
 Bangladesh Bank’s EDF has been increased by UDS 1.5bn (BDT 127.5bn) to facilitate import of
raw materials under back to back LC. Under the revised rated, exporters can avail funds from EDF at
2.0% interest instead of six-month LIBOR plus 1.5%, which equates to nearly 3.0% interest rate. BB
has also enhanced the loan ceiling for exporters from USD 25mn to USD 30mn.
 A new credit facility of BDT 50bn as ‘Pre-shipment Credit Refinance Scheme’ has been
introduced by BB where exporters can avail funds at 6% interest for a 3-year period on a revolving
basis.

21. S W O T
S
Successfully Starts
Vaccination. Agriculture
oriented Economy.
2nd Best performing
Economy in world
STRENGTHS
W
Lack of Good
Governance in Local
Government &
Distribution channel
WEAKNESS
O
Increase of E-
Commerce and
Freelance Jobs.
Moving to IT based
Industry
OPPORTUNITIES
T
Fear of Loosing RMG
Business if not handled
Carefully. Healthsector
management .
THREATS

22. • Damages to the economy of Bangladesh will depend largely on the duration and
pervasiveness of Covid-19, as well as the effectiveness of government measures to
tackle the pandemic.
• Next, the assumptions behind a V-shaped recovery are,
• quick recovery in domestic consumption in the US and Europe, the two main
destinations of major Bangladeshi exports,
• consistency, and growth of Bangladeshi migrant workers’ employment, an
upward pull of oil price in Arab countries,
• among the external factors while, rise in steady domestic consumption, quick
recovery of CMSMEs and informal sectors are the major domestic factors.
• In line with the above, a set of dynamic fiscal and monetary policy will be
required from the government’s side to provide an environment conducive to
recovery

23. As the coronavirus outbreak quickly surges worldwide, many countries are adopting non-
therapeutic preventive measures, which include travel bans, remote office activities,
country lockdown, and most importantly, social distancing. However, these measures face
challenges in Bangladesh, a lower-middle-income economy with one of the world's
densest populations. Social distancing is difficult in many areas of the country, and with
the minimal resources the country has, it would be extremely challenging to implement
the mitigation measures. Mobile sanitization facilities and temporary quarantine sites
and healthcare facilities could help mitigate the impact of the pandemic at a local level. A
prompt, supportive, and empathic collaboration between the Government, citizens, and
health experts, along with international assistance, can enable the country to minimize
the impact of the pandemic.