The bank also said that Bangladesh experienced strong upticks of 17.9% in 2018, reports UNB. In its latest Migration and Development Brief, the World Bank said in Bangladesh, after a steep decline in 2016 (-11.5%), remittances were flat in 2017, but are showing a brisk uptick in 2018 (17.9%). World Bank estimates that officially-recorded remittances to developing countries will increase by 10.8% to reach $528 billion in 2018. Global remittances, which include flows to high-income countries, are projected to grow by 10.3% to $689 billion, the bank furthered. Michal Rutkowski, senior director of the Social Protection and Jobs Global Practice at the World Bank said: "Remittances have a direct impact on alleviating poverty for many households, and the World Bank is well positioned to work with countries to facilitate remittance flows."

Source: Dhaka Tribune December 09, 2018 18:22 UTC