In April 2024, migrant workers sent just under $3 billion through formal banking channels, compared to $2.04 billion in April 2023, according to Bangladesh Bank spokesperson Arif Hossain Khan. Yet data from the Bangladesh Bank shows a stark decline in net FDI inflows. As a result, the Annual Development Programme (ADP) implementation remained sluggish throughout the first ten months of the current fiscal year. To ease the crisis, Bangladesh Bank disbursed Tk 225 billion in liquidity support to six banks in November 2024. Despite repeated assurances from the government and Bangladesh Bank, no concrete results have materialised.
