According to the United Nations, least developed countries (LDCs) account for 13 per cent of the world population but only about 1.3 per cent of global GDP and less than 1 per cent of global trade and foreign direct investment .
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Poor households in rural Bangladesh often face concurring idiosyncratic and aggregate shocks, which have adverse impacts on their income and consumption.
Agricultural communities face a range of shocks from animal disease and crop pest outbreaks to natural disasters, political conflicts, and health crises such as COVID-19.