Friday, 14 May 2010

'73 pc, non-resident Bangladeshis send remittance throu' legal channel'

Seventy-three percent Non-Resident Bangladeshis (NRBs) send their remittances to the country through the legal channel, said a survey report here on Wednesday.

The first-ever survey on remittance at the national level was conducted by International Migration Organisation (IMO) with the assistance of DFID. Mitra and Associate also extended cooperation in this regard.

The report of the survey was made public at a function here with Bangladesh Bank Governor Dr Atiur Rahman attending as the chief guest. Secretary of the Ministry for Expatriate Welfare and Overseas Employment Dr Zafar Ahmed Khan was present as the special guest.

Eminent migration expert Dr Manuel Orojko presented the keynote paper while IMO Regional Representative Rabab Fatema delivered the introductory speech.

DFID Senior Programme Manager Jim Machalpine, Remittance and Payment Partnership (RPP) Project Manager Robert Smith, and Mitra and Associates Director Fuyad Pasha also spoke on the occasion.

During the survey, a total of 10,585 families were interviewed to collect information on the migrant, the channel of sending remittance and the types of expenditures of the remittances.

The survey reveals that 98.3 percent of the migrants are male and their average age is 32 years.

Ninety percent of the migrants send remittances to the country and 70 percent of them use the formal channels, including money transfer operators and banking institutions.

Twenty percent of the migrants have bank accounts while more than 50 percent of the remittance recipient families maintain bank accounts.

According to the survey report, most of the recipient families take good food and have scopes to get education. Source

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