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24 July, 2015 00:00 00 AM
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The setting up of remittance houses abroad has been a useful step. But other policies can be pursued for augmenting remittance flows

For further increasing remittance flows

The uptrend in remittance flows is a development to be appreciated but that should not breed a sense of complacence. For every possibility is there to further increase remittance flows substantially through adoption of different policies and their vigorous implementation.
The setting up of remittance houses abroad has been a useful step. But other policies can be pursued for augmenting remittance flows. For example, Bangladesh embassies will have to be much more proactive in searching out markets for manpower export in the old and new destinations. The positions of labour attaches and the like in the missions must be filled and strengthened for the purpose.
Truly capable persons should be sent out to these posts. The missions should devote greater time and actions to representational cases of overseas Bangladeshi workers so that the latter can get their contracted or pledged remuneration and other monetary benefits from the foreign employers. All of these steps, pursued well, can notably increase the total volume of remittances.
The present mode of sending out a large number of workers in the unskilled and semi skilled category do not create optimum remittance flows. The sending out of skilled workers and professionals can lead to higher earnings and hence higher remittance flows because their wages would be substantially greater than the ones of unskilled workers.
But people in large number will require training for the purpose and this need can be met if the government operates a sufficient number of skill training centers across the country. The training can be imparted free of costs and those who receive such training will be able pay gradually for their training costs once they get jobs abroad and start earning.  Similarly, the nationalised commercial banks should be able to provide loans to overseas job seekers to pay the fees of manpower agents. The loans should carry nominal interests and can be serviced by workers from their earnings as they get jobs abroad. The operation of manpower agencies must be monitored and fraudulent ones closed down.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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