It is encouraging to note that remittance inflows have continued to show a rising trend to stand at $14.78 billion till February 24 in current fiscal, up more than 10 percent over the corresponding period of previous fiscal. Bangladeshi expatriate workers sent an amount of USD1.33 billion remittance during first 24 days in the running month of February, according to Bangladesh Bank latest statistics.
The surge in remittance inflow is attributed to cash incentives, the central bank's awareness campaign, and recent measures taken by Bangladesh Financial Intelligence Unit (BFIU) to tighten the grip on illegal channelling of remittances or hundi business, to augment remittance inflow through the formal channel.
Remittance is perceived to be a driving force for fostering a country’s economic growth. As a consequence of the government’s various endeavours, the tempo of the country’s remittance inflow has remarkably progressed over the last years.
Focus should be given on the
need for grooming and
employing skilled hands and
diligent personnel abroad
Apart from reducing poverty remittance helps us start new jobs by providing capital. 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.
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.
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.
Last but not least, there is a need to facilitate the banking system for migrant workers so that they can easily send home their hard-earned money.
