Bangladesh expects 15 percent growth in remittance inflows in the next fiscal year (2013-14) as remittance grew by 12.8 percent on an average in the last four years, the Finance Minister said in Parliament Thursday while placing the national budget.
“It continues to sustain this momentum in the current fiscal as well, widening the Balance of Payment (BOP) surplus, especially surplus in the Current Account,” AMA Muhith said.
He said that in the current fiscal year (2012-13), up to April, remittance inflows were US$ 12.3 billion, up 16 percent over the corresponding period of the previous fiscal (2011-12).
The Finance Minister mentioned that when the present government assumed office, the remittance inflow was about US$ 7 billion.
“The signing of memoranda of understanding with Malaysia and Bahrain, and the interests shown by Hong Kong and Jordan to recruit female workers, are surely expected to boost the flow of remittance in future,” he said.
Source: UNB Connect