Saturday, 7 March 2009

BANGLADESH: Clouds on remittance horizon

Remittances have long been a principal element of the Bangladesh economy, but in the last two years, especially, with the sky-rocketing in the price of essentials due to global commodity price rise, it has been the remittances sent back by overseas Bangladeshis that have kept the economy afloat and have made the difference for countless struggling families, especially rural ones.

It is therefore critical that the government focus on remittance earnings as a bulwark of the economy, and also have in place contingency measures in case there is a significant downturn in remittance earnings, as statistics and analysts indicate may well be the case in the near future. Read More

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