Bangladesh economy has bounced back from a fragile and vulnerable state, says Chief Adviser Professor Muhammad Yunus on Thursday in Doha.
He also lauded Bangladeshi expatriates’ role in making the country’s economy stronger. Highlighting the significance of remittance Dr Yunus added “You are extending a big support to make our position stronger…if you (expatriates) would not help in such a hard time, Bangladesh could not have stood straight.”
Yunus was exchanging views with the Bangladeshi community members at a hotel in Qatar’s capital wrapping up his four-day visit.
“Don’t feel you are isolated. We are in a stronger position because of you,” Yunus told the Bangladeshi expatriates in Qatar.
According to Bangladesh Bank statistics, Bangladeshi expatriates and diasporic citizens have sent $1.97 billion remittance in 21 days of April, which was $1.40 billion in 1-21 April of 2024. This means the remittance income growth by 40.7% in days of April 2025.
Official sources said Bangladesh received a remittance of $ 23.75 billion from July to 21 April, of the current fiscal year FY2024-25, which was $18.47 billion in the same period of the previous fiscal year.
This means the expatriates sent $5.28 billion more remittance till 21 April of the current fiscal year. The remittance saw a growth of 28.6% year-on-year.
The foreign exchange reserve of Bangladesh became steady and gross reserve reached around $27 billion, thanks to the inbound remittance.