Editorial

Remittance flow soaring

New destinations for expats should be explored


Bangladeshpost
Published : 15 Jun 2022 07:30 PM

It is encouraging to note that remittance inflows witnessed a rising trend again as the devaluation of money and incentives to remitters are having positive effects on remittances. As soon by this daily on Wednesday, after a fairly good amount of remittance poured in April-May, the momentum has increased further in June, the last month of the current fiscal year 2021-22. Reportedly, expatriates have sent $594.10 million in the first 9 days of this month. However, it is apprehended that economists and bankers have expressed hope that remittance inflows will further increase in the country ahead of Eid-ul-Azha.

Remittance is perceived to be a driving force for fostering a country’s economic growth. Apart from reducing poverty remittance helps us start new jobs by providing capital. As a consequence of the government’s various endeavours, the tempo of the country’s remittance inflow has remarkably progressed over the last years. 


if we can send more skilled workers to new and potential

destinations, the remittance flow will increase

manifold in the future


It needs no mentioning that remittance inflow to the country is touching new heights every passing year despite multifarious limitations and challenges. But it is dissatisfying to note that larger portion of the remittance comes only from ten countries; hence, more stress on finding new work destinations should be given in due time. 

In this regard, we need to encourage more European countries to take our workers. And in order to do that, we must ensure that they are skilled and have basic knowledge about foreign languages as well as adaptation abilities.  Also we 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. 

There is a huge demand for skilled workers like computer operators, graphics designers and medical equipment operators in European countries. Therefore, focus should be given on the need for grooming and employing skilled hands and diligent personnel abroad.