Representational photo: BigstockDespite the pandemic inducing a global economic shutdown the remittance flow remain unaffectedThe World Bank projected Bangladesh’s inward remittances to grow about 8% to reach about $20 billion in 2020. The global lender made the projection in its latest report titled “Covid-19 Crisis through a Migration Lens” released on Friday. “Three large recipients of remittances — Mexico ($39 billion in 2019), Pakistan ($22 billion), and Bangladesh ($18 billion) — stand out as exceptions to the general pattern. These countries escaped a decline in remittance inflows in the second quarter and seem to register increases in the third one,” read the report. In Bangladesh, remittances are projected to grow at a rate of 8% to around $20 billion, the report added.

Source: Dhaka Tribune October 31, 2020 09:00 UTC