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Bangladesh could see decline found in remittance inflow in 2021: RMMRU

30 Dec 2020 11:25 AM

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The country’s remittance earnings may fall subsequent year as the outflow of personnel abroad declined drastically in today's year, projected a RMMRU report.

Only 183,682 personnel went overseas with jobs from January 01 to November 19 this year. Of these 181,218 workers went to their job destination countries in the first three months of the year, the survey showed.

Analysing the pattern of outflow of staff to job markets, RMMRU also projected that Bangladesh’s abroad jobs are approximated to stop by 71.45 % in 2020.

The report titled ‘Migration Trend Report from Bangladesh-2020, Achievement and Concern’ was presented at a virtual press meeting organised by the Refugee and Migratory Motions Research Unit (RMMRU) on Tuesday.

RMMRU Seat Professor Tasneem Siddiqui while presenting the are accountable to the journalists said this past year about 0.7 million Bangladeshi employees proceeded to go abroad with jobs. But this season only 183,682 could head out abroad for employment.

Usually personnel start sending remittance on a regular basis with their families from the next calendar year of their migration. So, the lower quantity of migration will effect on the remittance income in next season, if any exceptional incident does not take place in this sector, she also stated.

Ms Siddiqui stated there are lots of causes of the sudden increase in remittance earning through the Covid-19 pandemic.

Visa trading stopped as a result of halt of recruitment this season. A section of recruiters purchase each visa on average at US$ 1500.

If they would like to buy 700,000 visas, they need to spend US$ 1.05 billion. Recruiters meet up with the visa expense through hundi. Because they did not buy visas this season, the remittance was dispatched through recognized channel, she added.

The decline in import of recycleables by makers and gold smuggling are also vital reasons behind the decrease of sending money through hundi. The government’s 2.0 % incentive also is attempting to inspire the workers to send remittance using official channels.

Besides, the workers will be closing businesses or perhaps investments before returning residence. So, they are mailing all funds home, she as well mentioned.

Bangladeshis sent US$ 19.69 billion remittance during January to November amount of current calendar year, according to the report.

If the trend continues, the country’s remittance earnings will increase by 17.05 per cent this year than that of prior year, it said.

About job industry, the RMMRU chair said the demand for unskilled staff in a few sectors including construction and cleaning won't fall in traditional market segments. Female migration will certainly not be declined because of pandemic.

Bangladesh also offers started sending personnel to countries want Romania, Poland, Cambodia, and Croatia. At the moment it is had a need to create demand based staff to tap new prospects in global market.

Migrant workers are more vulnerable in any type of global crisis and pandemic. They are also extra vulnerable in present Coronavirus pandemic.

About 70,000 Bangladeshi expatriates were infected with coronavirus until July current year in 186 countries. Of these, 1,380 died of this virus.

Until December 27, the report said 2,330 Bangladeshis died of Covid-19 in destination countries.

Even though some Middle Eastern countries including Saudi Arabia, Kuwait and Qatar announced that migrant employees would get equal opportunity like local persons --free Covid-19 test-- many Bangladeshis did not understand this service while returning home.

A complete of 326,758 staff returned home from April 01 to November 30. Initially, migrant staff were stigmatised in the home. Besides, 81 Vietnam returnee employees were arrested for legal reasons enforcers beneath the section 54 in August previous. But they had been the victims of individual trafficking, the article mentioned.

The report put a set of recommendations including developing policy guideline for migrant workers.

It's important to scrutinise as to why international instruments are not followed properly to protect the rights of migrant workers at home and destination countries, the survey suggested.