The World Bank has said that expatriates will send $14 billion to Bangladesh this year

The Dhaka Times Desk The World Bank predicts that Bangladeshi expatriates will send home about 1,400 million dollars this year, which is about 200 million dollars more than last year. The summary of migration and development of the World Bank released from Washington last November 21 states that in 2012, the diaspora will send a total of 53 thousand 4 billion dollars in remittances to the country. Of this, 40,600 billion dollars will go to remittances in developing countries alone, which is 6.5 percent more than in 2011.

Hassan Timmer, director of the World Bank's Development Prospects Group, said in a statement that although the world economy has slowed down in recent days, the amount of money sent by expatriates has increased significantly. As a result, not only the poor families are benefited, but the foreign currency supply is giving life to the economy of many underdeveloped countries. News from bdnews.

According to the World Bank, India will be on top of the list of countries receiving the most remittances with an income of 7 billion dollars. China's diaspora income will be 6 thousand 6 billion dollars in the second position. And the Philippines and Mexico will be in the third position of the list with 2 thousand 4 billion dollars remittance. If the summary forecast is correct, Pakistan like Bangladesh will also get 1 thousand 4 billion dollars of expatriate income this time. As a result, Pakistan and Bangladesh will be joint seventh in the top ten.

Among the rest of the top ten countries, Nigeria will receive $2 billion, Egypt $18 billion, Vietnam $9 billion and Lebanon $8 billion.

Bangladesh was at number 8 in this list last year. According to the data of Bangladesh Bank, in 2011, expatriate Bangladeshis sent one thousand 216 million dollars to the country. And in 2010, its amount was one thousand billion dollars.

According to the forecast, if the current trend continues, the growth of remittances in the developing world will be 7.9 percent in 2013. Next year it will increase to 10.1 percent. And by 2015, based on 10.7 percent growth in this sector, the expatriate income of developing countries will exceed 53 thousand billion dollars.