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Remittance are like a goldmine for BD. Playing key role for stability in the balance of payments and mitigating unemployment problem.
The major destinations of the Bangladeshi workers are to the Gulf Countries and South-East Asia.
Gulf Countries
Saudi Arabia UAE Kuwait Qatar Oman Iraq Libya Bahrain Iran Lebanon
South-east Asia
Malaysia Singapore Hong Kong South Korea Bahrain Brunei Japan
A dream for earning excessive dollars overnight. Takes Job Overseas as prestigious act. Becomes the norm among young men. Satisfactory availability of job in overseas. Sending somebody abroad ---- Good Investment. Strong belief in overseas experience as means to social transformation.
Source: Information is collated by the International Organization for Migration (IOM) from BMET
Fiscal year
Changes %
2005-06
4801.88
24.38
2006-07 2007-08
5998 7915
24.91 31.96
2008-09
9689
22.41
2009-10
10987
13.40
Source: thedailystar.net
Saudi Arabia will gradually soften its position in recruiting more manpower from Bangladesh. New job sectors also opened up in Australia, Algeria, Angola, Azerbaijan, Botswana, Libya, Somalia and South Africa. The govt. has also opened labour wings at its diplomatic missions at Ryad and Madina in Saudi Arabia and at Penang in Malaysia. Initiatives have also been taken to open such wings at the countrys mission in Italy, Japan, Jordan, Sudan and war-ravaged Iraq.
It represents the Overseas Job as lucrative sector of economy of Bangladesh. It points out with the global financial crunch showing signs of sliding for its migrant workers; the economy is likely to come under serious stress. It also shows the cause of decline of Bangladesh manpower export. It priorities to be responsive of taking timely and efficiently policy, initiatives for competing with global labor market.
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