A lack of insurance protection costs Bangladesh farmers hundreds of millions of dollars in colossal crop losses perennially in onslaughts of climate-related calamities, according to independent findings. Agricultural losses have amounted to an estimated US$700 million over the past six years since 2019 due only to nine cyclones and heavy rains, according to data collated by the Ministry of Disaster Management through assessments conducted by officials at all administrative levels-- from the lowest to the highest tiers. While considering all types of climate-related disasters, they have found agricultural damages significantly higher, with estimates from the Bangladesh Bureau of Statistics (BBS), the country's national statistical organization, showing average annual losses of nearly $720 million between 2015 and 2020 or around 1.0 per cent of GDP.

Shasha Denims, a garment exporter, had plans to expand its operations by setting up a new factory with 210 looms at the Dhaka Export Processing Zone, aiming to increase its annual revenue by over $12.5 million. The company, capable of producing over 27.5 million yards of garments annually, also intended to invest in an associated garment factory to boost its turnover by Tk 4.0 billion and create employment for 2,000 people. However, rising interest rates have hampered the plans of the fully export-orientated and publicly listed company. Shams Mahmud, managing director of Shasha Denims Ltd, said: "We had decided to invest Tk 6 billion in these new factories and expand the business, but now we’ve stepped back. It’s not viable to do business by borrowing and paying such high interest rates."