Wednesday, 25 March 2009

Bangladesh ranked among top 10 recipients of remittance in 2008

A Z M Anas

Bangladesh retained its position among the world's top 10 recipients of remittances last year, according to the World Bank, as record overseas jobs helped keep the flow intact.

The flow of remittances the country hauled in reached US$8.9 billion in 2008 after more than 800,000 Bangladeshis entered the international job market, with the United Arab Emirates (UAE) becoming the biggest employer.

In 2007 also, the country was on the list of top 10 recipients.

In its Outlook for Remittance Flows (2008-2010), the Washington-based lender said the country beat even Pakistan in terms of receipt of workers' money during 2008. Pakistan received $7.1 billion in the same period.

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