Study suggests govt measures to help gain remittance target

Posted: ফেব্রুয়ারি 4, 2009 in Remittances

The remittance flow this fiscal year would reach the target of $10 billion, even though the recruitment of workers reduces, if the government properly takes care of the Bangladeshis already employed overseas, reveals a research conducted by the Refugee and Migratory Movements Research Unit (RMMRU).

The research on Remittance Transfer to Bangladesh from Malaysia: Constraints and Prospects was conducted by Professor Tasneem Siddique on behalf of the Remittance and Payments Partnership Project of Bangladesh Bank.

Although retrenchment is taking place in Malaysia, yet the authorities do not have any plan to send Bangladeshi workers back to their country, they want to relocate them, a seminar, where the research findings were released, was told yesterday.

The RMMRU organised the seminar at a hotel in the capital.

A suggestion was also made that the government should initiate a negotiation with the Malaysian authorities for such relocation of workers.

Presenting the research paper, Tasneem suggested carrying out a campaign in the form of road shows in remote areas of Malaysia providing information on the formal channels of remittance transfer that are available in specific locations.

She also suggested special incentives for the remittance houses opening branches in Malaysia.

Tasneem urged the government to form a task force with the representation from the central bank, ministries of expatriate welfare and overseas employment, foreign affairs and finance, Bureau of Manpower Employment and Training and RMMRU to materialise the suggestions she has made.

The discussants at the seminar urged the government to take proactive and necessary steps to ensure smooth flow of remittance.

Deputy Governor of Bangladesh Bank Ziaul Hasan Siddiqui spoke as chief guest, while Executive Director Chowdhury Mohibul Haque was the special guest at the seminar, moderated by Executive Director of RMMRU Prof CR Abrar.

The daily star 05.02.2009

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