Name: Sadia Afrin

Id: 12102388
Prog:BBA
Sec: A

Remittance: The Driving Force of

Our Country
Remittance is
Bangladeshs key
economic driver of
growth. Remittance
boosts local demand
and improves the
standard of the way of
life across the country.
In Bangladesh,
Remittance is the
second largest
financial inflow.
Remittance plays a
significant role for the
balance of payment as
well as economic
development.

What is Remittance:

Generally,
Remittance is a sum
of money that is sent
by somebody in
order to pay for
something. In
economics,
Remittance means
transferring money
by foreign workers to
their home country.

Availability of Manpower in
Bangladesh
Unemployment labor
force in Bangladesh
to be 27 million.
Beside of these we
have un-skilled, semiskilled, professional
man power are
available for foreign
employment. Such as Technical manpower
Medical manpower
Engineering
manpower
Industrial manpower

Computer

Personnel
Power station,
Petroleum and
Fertilizer manpower
Road transport worker
University, College,
School Teacher
Administrative and
Defense personnel
Hotel Management
and Catering Staff
Marine Crew

Availability of Manpower in
Bangladesh
Miscellaneous
Manpower:
Qualified
Photographers,
printers, printing
technicians,
translators,
operators, tailors,
sewing men,
barbers, shoe
makers, domestic
servants, house
keepers etc.

Problems of sending
Remittance

Lack of proper
banking support
Complex system of
Banking service
Low rate of
exchange
Long term period of
sending remittance
Dont know how to
send money
quickly and safely

Importance of Remittance
Remittance is the life line of Bangladesh.
The second highest foreign currency
earning source is remittance. The
importance of Remittance cab be
summarized:
Stable economic indicators and
increasing GDP
Rapid Urbanization
Expansion of branch network of various
commercial bank
Increase our reserve also.

Trends in Country wise

Remittance
Major share of total Remittance in
Bangladesh came from the countries
of the Middle East.
Country
Soudi Arabia
U.A.E
U.S.A.
Malaysia
Singapore

2011-2012
$ 3684
$ 2404
$ 1498
$ 847
$ 311

Contribution of
Remittance
Government as well
as the general
people of our
country is very alert
about remittance
flow. The inflow of
remittance has
change of our
economic and
national life.

Contribution of
Remittance
The effect of
remittance of our
national economy
as follows:
Reduce Poverty
Reserve foreign
currency
Handsome
domestic capital

Contribution of
Remittance
Change our rural
life
Employment
opportunity
Establish Industry
National Economy

Recommendation
From the above discussion we can say
that the flow of remittance is played an
important role in our economy and its
gained good fame and name all over
the world. Remittance will save the
economy of Bangladesh from being
broken down. So government as well
as legislator should insure the workers
every right and solve their problems
as early ae possible.

Do Yoy Have Any

Question????

Thank You