Training Focuses on Remittance Utilization, Investment, Savings
Photo: Migration News

Day-long freshener training on the financial education on remittance utilization, investment and savings was held in the city on Monday with special focus on promoting the remittances transactions through using normal channels.

WARBE Development Foundation organized the training in collaboration with Bangladesh Ovibashi Adhikar Forumn.

Give2Asia, international nonprofit organization and Mastercard, a leading global payments and technology company supported for the training programme, said organizers.

About 50 representatives from 17 grassroots organizations in 10 districts and other partners organizations took part in the day long training.

Speaking at the inaugural session, migration sector stakeholders have expressed their grave concern over gradual decline of the country’s remittance inflow despite rising overseas employment from Bangladesh.

They urged the government to take immediate measures to provide incentives to motivate the migrant workers to send their remittance through formal banking channels to boost the country’s foreign currency reserve.

The representatives of the grassroots level migrant rights organizations also stressed the need for creating awareness among migrants, their family members and village leaders about the formal transfer of remittances through banking channels.

Noted migrant rights activist and secretary general of WARBE Development Foundation Faruque Ahmed said that though overseas employment has been increasing day by day but the remittances inflow was declining.

‘We have to find out the real causes,’ he said, adding that the sending remittances through informal channels might have caused one of the reasons.

Faruque, also a returnee migrant, said that they were going to sign Memorandum of Understanding with 17 grassroots organizations so that they could target the aspirant migrants, current migrants, their family members and other village leaders to motivate them about benefits of the formal refinance sending.

WARBE DF director Jasiya Khatoon who presented keynote at the training discussed about authentic way of remittance Transfer and its effective utilization.

According to Bureau of Manpower, Employment and Training, labour migrantion has increased to over 10 lakh in 2017 from 5.5 lakh workers in 2015.  On the contrary Remittance inflow has reduced to $13.52 billion in 2017 from $15.27 billion in 2015, BMET record show.

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