Remittance
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A comparative analysis of Bangladesh and Turkey
Over the past four decades, Turkey and Bangladesh have undergone transformative economic journeys that have reshaped their economic landscapes. Both nations have embraced economic liberalization and export-led growth strategies to fuel development and achieve remarkable milestones. This writer has tried to examine the economic transitions of Turkey and Bangladesh, exploring their paths to liberalization, export-oriented […]
BY Syed Raiyan Amir
Foreign aid dips as remittances and exports decline
Foreign aid to Bangladesh has experienced a significant drop in the first two months of the fiscal year 2023-24, posing challenges to the country’s foreign exchange reserves. During this period, foreign loan repayments surged by over 34%. Official data reveals that development partners provided 14.5% less in loans and grants compared to the same period […]
BY Insider Desk
Surge in Bangladeshi workers overseas raises concerns
The outbound migration of Bangladeshi workers has surged significantly, with approximately 750,000 departing in the initial seven months of this year. Official data unveils a 10% rise in July compared to the previous month, indicating an escalating trend in international worker deployment. The Bureau of Manpower, Employment, and Training (BMET) disclosed that 743,426 workers left […]
BY Insider Desk
Government to maintain a cautious policy to address the balance of payments instability
The government of Bangladesh has announced its commitment to a cautious and accommodative approach in addressing the instability in the country’s balance of payments (BoP) and foreign-exchange reserves for the fiscal year 2023-24. Finance Minister AHM Mustafa Kamal emphasized the government’s adoption of a timely strategy, which has reduced BoP instability. The central bank will […]
BY Insider Desk
Remittance decline lowers reserve, now below $31 billion
The country’s foreign exchange reserve fell below USD 31 billion in April due to a sharp decline in remittance inflow, according to central bank authorities. The International Monetary Fund (IMF) set a net reserve threshold objective of USD 24.46 billion by June of next year, but this decline in foreign exchange reserves has made that […]
BY Insider Desk