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Many materials inside factories have been damaged as a result, having been lying unused for so long. To compound matters, floodwaters have now entered factories and caused even more damage. national football league jacksonville jaguars crocs “I cannot make out how I will survive”, Miah, a factory owner, said. “There is no option other than immediate government support for saving the industry from destruction”, Mofakhharul Islam, president of Balla handloom owners’ association, made clear. The workers need financial support to make it through while the factory owners need large amounts of bank loans either interest-free or at low interest to restart their operations, he added. Media report that, after losing their jobs overseas due to the coronavirus pandemic,
thousands of Bangladeshi migrant workers are struggling to survive. Many are struggling with unpaid debt and are considering selling their land in order to pay back loans, as they have been left with no income amidst the coronavirus pandemic and have no other way to pay loan instalments. “I recently took a loan to buy land and I have been paying it back in instalments. This loan has become a huge pressure for the family. It seems I need to sell our land to pay back the loan”, a migrant worker who recently returned to Bangladesh, explained. Media report that, according to World Bank data, the coronavirus pandemic may have driven as many as 100 million people back into extreme poverty. The Bank previously estimated that 60 million people would fall into extreme poverty due to COVID-19, but the new estimate puts the deterioration at 70 to 100 million, and the Bank’s president warned that the “number could go higher” if the pandemic worsens.