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Bjorn Lomborg

Get the facts straight

Streamlining opportunities to migrate

2016-03-30

In Bangladesh, remittances from people living and working abroad added up to nearly Tk. 1.2 trillion last year—more than four times the nearly Tk. 250 billion that foreign aid agencies spent in the country.

Almost 5 percent of the total working age population is now migrant workers, and every year, roughly half a million more people leave the country to work overseas. Bangladesh Bank estimates that they send the equivalent of 7.4 percent of GDP back to family and friends, from 2001-2015; this totalled to Tk. 9.6 trillion.

Despite these remittances from overseas migrants, Bangladeshis reap fewer benefits from migration than they could. The informal process of migration is overly costly and has become riddled with expensive middlemen.

Published by:

The Daily Star

Category:

Articles

Language:

English