How to navigate a crisis

Bangladesh must be pro-active in order to avoid the crises seen across the world.

We have seen the political and economic crisis in Sri Lanka.

Early in the month of April, protests in Colombo, the nation’s capital were sparked by concerns over rapidly increasing prices that spread across the country.

In the UK, as a result of the worsening issue concerning the cost of living, inflation has now surpassed its worst level in 40 years.

Recent research on the cost of living crisis asserts that more than 2 million adults in the UK have gone a whole day without eating because they can’t afford to.

The circumstances, however, in developing and least developed countries such as Bangladesh are much more miserable.

There are still a great number of people in this country who are living below the poverty line.

In addition, owing to our significant foreign debt, Bangladesh is also confronting a financial crisis.

The unbridled inflation in prices of key commodities such as rice, beans, edible oil, flour, sugar.

And water has reached its pinnacle; news about it is continuously reported in the press and on social media platforms. 

We have seen the disheartening scenario of people hanging behind TCB trucks.

Also, there have even been cases of family members taking their own lives as a result of starvation and poverty.

We believe that in order to deal with the current situation, we need to put aside all of our differing views.

And collaborate on ways in which we might lessen the number of people who are going through such misery, with some feeling the need to take their own lives.  

Here are some recommendations to get rid of this crisis.

First of all, there should be a zero-tolerance policy against corruption.

This ought to be declared immediately. Corruption has to be stopped by any means.

Furthermore, the market monitoring system needs to be bolstered so that unscrupulous people in business cannot profit at the expense of the mass people.

We are largely dependent on imported products; nevertheless, it is essential to minimize our reliance on imports. Imports of luxury items, in particular, should be cut as much as possible.

Remittance is the key driver of our economy.

Needless to say, we often see their critical condition in the foreign countries.

The government is obligated to do an accurate evaluation of remittance fighters. 

According to the national labour force survey (LFS) conducted in 2016–2017, 11% of young people are unemployed, and their portion of the overall unemployment rate is close to 80%.

Training in various technical trades such as driving, electrical, mechanical, and for computer and IT-related tasks is what’s needed to get young people out of unemployment and onto the job market.

Those who are interested in starting their own businesses ought to be provided with the appropriate opportunities.

Moreover, sending young people who are unemployed overseas with technical training and language instruction would be beneficial.

Many young people who are unemployed should be offered the opportunity to work independently as freelancers.

They are no less than the expatriates. Rather, they are the best at boosting the country’s economy without requiring a large investment.

We must take effective measures to help them. In addition to providing free service training at various union and upazila levels.

A computer centre can be set up for people who cannot have access to the device.

The soil in Bangladesh is known for its high fertility. Each and every square foot of its land needs to be put to productive use.

This has also been mentioned by Prime Minister Sheikh Hasina herself.

It should not be left fallow, regardless of whether it is the roadside or the edge of the yard.

It is imperative that grains and vegetables be cultivated in every available space.

Those who still have some funds available for investments should make plans to put those funds into productive activities.

We must ensure that the state takes responsibility for the collection and distribution of zakat.

More effort should be put to end living a lavish lifestyle. Instead, focus on leading a reasonable and active one, regardless of the field of work you’re in.

To ensure the aforementioned suggestions, we have to be aware, personally and socially.

Furthermore, there is no alternative to strong collaboration between the government and non-government sector if we are to successfully implement effective policy initiatives.

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