Dhaka, January – Inward remittances witnessed a massive growth of 37.6 percent in the first six months of the current fiscal 2020-21, over the corresponding period of the previous fiscal.
Tag: Remittance
IBBL Noakhali Zone confce on Capacity Building in Remittance
Noakhali Zone of Islami Bank Bangladesh Limited organized a virtual conference on Capacity Building in Foreign Remittance on 5 August 2020, Wednesday. Md. Mahbub ul Alam, Managing Director and CEO of the bank addressed the conference as chief guest.
Sharp fall in its remittance inflow feared due to Copid-19
Amid slump in export earnings, experts say another big shock lies ahead for Bangladesh economy as its remittance inflow, the life line for many rural families, is likely to shrink significantly in the coming months as a coronavirus fallout. They…
BD eyes more remittance inflow from migrant worker incentive
Dhaka, Aug 7 – Finance Minister AHM Mustafa Kamal has expressed the hope that the remittance inflow will reach $20 billion in the current fiscal year from $16.42 billion in 2018-19FY following the 2 percent incentives announced by the government…
Bangladesh gets $15bn remittance in 11 months: Minister
Dhaka, June 22 – Bangladesh received some US$ 15 billion remittance in the first 11 months of the outgoing fiscal year of 2018-19, according to statistics placed by Finance Minister AHM Mustafa Kamal in Parliament on Saturday. “The amount of…
Migrants send record remittance but overall poverty pertains
At the end of this year, migrants will have sent 466 billion dollars to family and friends in their countries of origin. Despite this record amount these remittances have little to no effect on the dire economic state of affairs…
Is there a remittance trap?
Workers’ remittances—the money migrants send home to their families—command the attention of economists and policymakers because of their potential to improve the lives of millions of people.