Investor Presentaiton
Independent Review of
Remittances: Delving into Causes of Depressed
RBD Trend
Bangladesh's Development
Hypothesis 2: Economic slowdown in the GCC countries
Respective governments adopt austerity measures and scaled down government
spending
Witnessed a sharp slowdown in their GDP growth
➤ Nationalises labour market by replacing foreign workers
Capital flight could also be a factor for lower remittance flow
Remittances could be diverted from the country of origin to other countries
Recommendations
➤ Cost of sending money should be reduced
Better investment opportunities and benefits may be offered to both the diaspora and
remitters
Bangladesh Bank Committee to investigate malpractices on remittances needs to
strengthen through involving experts and use of technology
➤ Regulatory measures and policy framework may be revisited.
➤ Reliable estimates of the migrant workers' stock should be there - coordination
among Ministries, missions abroad, Wage Earners' Welfare Board (WEWB),
immigration police is recommended
CPD (2017): State of the Bangladesh Economy in FY2017 (First Reading)
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