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Bangladesh remittances hit all-time high of nearly 23 bln USD
Xinhua
02 Jun 2021, 20:49 GMT+10
DHAKA, June 2 (Xinhua) Bangladesh s remittances hit an all-time high of nearly 23 billion U.S. dollars in July-May period of the current fiscal year 2020-21 ending this month. Bangladesh s Finance Ministry spokesman Gazi Towhidul Islam told Xinhua on Tuesday that expatriate Bangladeshis remitted home 22.84 billion U.S. dollars in July-May, 39.49 percent higher than the same period a year ago. He said Bangladeshis remitted home 2.17 billion U. S. dollars in May, the highest monthly amount since July last year when the country received 2.60 billion U.S. dollars. A Bangladesh Bank official who did not like to be named said the July-May income is the highest-ever remittance the country received in a single year since it s independence in 1971.
All hands on deck
Star file photo
Staff Correspondent
Staff Correspondent
The government should focus on safeguarding the livelihoods of the low-income people and fortifying its health facilities to combat the coronavirus rather than fixating on maintaining the growth momentum, said economists yesterday. For the time being we should not pay much attention in achieving the mid-term and long-term targets of sustainable development goals (SDG) or whether GDP growth is going to be the same as before, said eminent economist Wahiduddin Mahmud at a webinar styled Covid-19: Linking Economic and Health Concerns organised by the Bangladesh Institute of Development Studies.
Making hay while the sun, it appears, is the finance ministry's mantra as it goes about preparing the budget for fiscal 2021-22, its second in the backdrop of the extraordinary challenges thrown by the pandemic. The government is sitting on a record amount of foreign aid and at the same time, the development partners are chipping in liberally to help Bangladesh weather the
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