Utilisation of remittances

I only want to raise a couple of questions: how to materialize the virtual benefits of migrant remittances and what are the appropriate strategies and technology that can help us make the appropriate uses of remittances for the promotion of sustainable living standard for migrants and their family members and for our economy as a whole to gain from the same in the long-run? The efforts made by Bangladesh Bank and related institutions have been found effective in attracting the surplus earnings of the better off segments of migrant workers , underpinning sustained healthy growth of remittance inflows. Nevertheless, we still do not have any action plan to survey and count those remittances the migrants send through relatives, friends and neighbours travelling to home country and the remittances in kinds as well. We are at present very much concerned about facilitating increased inflow, but lagging behind in redirecting at least a part of migrant remittances towards real investments.
Despite our taking of many steps to increase the migrant remittances in the country, we still need to give more attention in order to make the transfer and delivery of remittances more efficient and secure.
Mahbub Jamil
Azimpur, Dhaka