According to the World Bank, remittance inflows to Bangladesh have increased in 2020 and this year Bangladesh will be in the eighth position in terms of remittance inflows. This was stated in a report titled “Covid-19 Crisis Through a Migration Lens” published by a leading Washington-based organization on October 29.
According to the report, remittance flow to Bangladesh will increase by another eight percent this year. The amount of remittance flow in Bangladesh this year will be 20 billion US dollars.
It added that remittance inflows to South Asia would fall by about 4 percent to ৫ 135 billion by 2020. Due to the impact of global economic stagnation, remittances are flowing from informal to institutional channels mainly due to travel control in Pakistan and Bangladesh. After the floods, remittance inflows to Bangladesh increased sharply in July.
Among other South Asian countries, remittance inflows to Pakistan will also increase this year. The country will be sixth with remittance inflows increasing by nine percent this year. India will be the first in total remittance flow.
