It is encouraging to note that despite worsening Covid-19 pandemic situation around the world, remittance inflow again showed a robust growth at the beginning of the new fiscal year. As reported by this daily on Saturday, in just four working days in new fiscal year, remittance inflow witnessed a rapid growth to stand at $555.24 million ahead of Eid festival.
The tempo of the country’s remittance inflow has remarkably progressed over the past years. It needs no mentioning that remittance inflow to the country is touching new heights every passing year despite multifarious limitations and challenges.
According to Bangladesh Bank, Bangladeshi expatriates sent 36.10 percent or $6.57 billion more money in fiscal 2020-21 compared to the corresponding period a year ago, when it was $18.20 billion.
If we can send more skilled workers to new
and potential destinations, the remittance
flow will increase manifold in the future
However, the credit goes to the government for giving 2 per cent incentives on remittances since July 1, 2019 which has played an important role in encouraging expatriates to send more money through legal channels.
It is discouraging to learn that larger portion of our remittance comes only from ten countries. Therefore, the government should take necessary steps to find new work destinations for our expat workers. The government must ensure proper training for foreign jobseekers before sending them abroad. Needless to say, if we can send more skilled workers to new and potential destinations, the remittance flow will increase manifold in the future.
It is worth mentioning that thousands of expatriate Bangladeshi workers returned home from abroad in the last one and half years because of the pandemic. In order to keep the progress of the country’s remittance inflow intact, pragmatic measures should be devised to send back all our expatriate workers who have been compelled to return home because of the pandemic.