Declining migrant outflow will halt LDC graduation: FM  | The Business Standard
Skip to main content
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
June 26, 2025

Sign In
Subscribe
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JUNE 26, 2025
Declining migrant outflow will halt LDC graduation: FM 

Bangladesh

TBS Report
06 February, 2021, 12:50 pm
Last modified: 06 February, 2021, 05:05 pm

Related News

  • Bangladeshi workers make up about 20% of Maldives’ population, but can they stay?
  • 154 Bangladeshi migrants return from Libya
  • Labour exports rise 30% in July
  • 'Honest taxpayers disappointed': Momen for removing provision of whitening black money from FY25 budget
  • Hasan Mahmud visiting Saudi Arabia to perform Hajj

Declining migrant outflow will halt LDC graduation: FM 

"The resulting dramatic decline of remittance warrant immediate and comprehensive policy intervention”

TBS Report
06 February, 2021, 12:50 pm
Last modified: 06 February, 2021, 05:05 pm
Foreign Minister AK Abdul Momen
Foreign Minister AK Abdul Momen

Foreign Minister AK Abdul Momen recently said if the drastic fall of outgoing migrant workers from Bangladesh continues it will bar the country's graduating Least Developed Countries (LDC). 

"Many of our migrant workers are being sent back home.  We already have a drastic fall in the numbers going abroad for work. If this situation continues, this would have long term negative impact on our progress to achieve SDGs and our graduation from LDC status," he said. 

The minister was speaking at a roundtable on "Global Partnership during and post COVID 19" at  Global Engagement and Empowerment Forum (GEEF) arranged by the Ban Ki-moon Centre. Citing a recent report of the World Bank, the minister said, "Bangladesh along with other countries of South Asia would have around 22% decline in its remittance, our second-largest source of earning from abroad." 

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Abdul Momen mentioned that a staggering 6,00,000 migrants workers have returned from overseas during the Covid-19 pandemic. "Rehabilitating them on such short notice during this crisis period is proving to be a daunting challenge," he added. 

Foreign Minister also noted that the government proposed 2% incentive has gained Bangladesh record amount of remittance even during the pandemic. However, he also remarked that developing nations are being heavily impacted by the global migration crisis. He further said Bangladesh feels that the plight of migrant workers in the pandemic situation. 

"The resulting dramatic decline of remittance warrant immediate and comprehensive policy intervention," he added. The minister urged the United Nations and other international stakeholders to take appropriate measures in this regard. 

"We believe that the UN has an important role to play in addressing the migration crisis," he said adding that it must be ensured that jobs of the migrant workers should be retained for the next six months. He requested the world community to advise all UN agencies to include the migrants in crisis in their strategies and activities on Covid-19 response.

Top News

Migrant Bangladeshi Workers / Migrant Crisis / Foreign minister

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Office of the Anti-Corruption Commission. File Photo: TBS
    ACC seeks info on 15yr banking irregularities; 3 ex-governors, conglomerates in crosshairs
  • National Consensus Commission Vice Chairman Prof Ali Riaz briefed media after the sixth day's meeting of the second-round talks of the National Consensus Commission in the capital today (25 June). Photo: Focus Bangla
    Consensus Commission revises NCC proposal, but BNP stands firm against it
  • What did Asif Mahmud say in response to Ishraq's statement?
    What did Asif Mahmud say in response to Ishraq's statement?

MOST VIEWED

  • The official inauguration of Google Pay at the Westin Dhaka in the capital's Gulshan area on 24 June 2025. Photo: Courtesy
    Google Pay launched in Bangladesh for the first time
  • Illustration: Ashrafun Naher Ananna/TBS Creative
    Top non-RMG export earners of Bangladesh in FY25 (Jul-May)
  • Representational image. Photo: Collected
    Airspace reopens over Qatar, UAE, Kuwait and Bahrain; flight operations return to normal
  • Omera Petroleum to acquire Totalgaz Bangladesh for $32m
    Omera Petroleum to acquire Totalgaz Bangladesh for $32m
  • A file photo of metro rail's Dhaka University station. Photo: UNB
    Metro rail to introduce easy ticketing system
  • Bangladesh Bank. File Photo: Collected
    No financial liability for banks on imports under sales contracts: BB

Related News

  • Bangladeshi workers make up about 20% of Maldives’ population, but can they stay?
  • 154 Bangladeshi migrants return from Libya
  • Labour exports rise 30% in July
  • 'Honest taxpayers disappointed': Momen for removing provision of whitening black money from FY25 budget
  • Hasan Mahmud visiting Saudi Arabia to perform Hajj

Features

Sujoy’s organisation has rescued and released over a thousand birds so far from hunters. Photo: Courtesy

How decades of activism brought national recognition to Sherpur’s wildlife saviours

6h | Panorama
More than half of Dhaka’s street children sleep in slums, with others scattered in terminals, parks, stations, or pavements. Photo: Syed Zakir Hossain

No homes, no hope: The lives of Dhaka’s ‘floating population’

1d | Panorama
The HerWILL mentorship programme - Cohort 01: A rarity in reach and depth

The HerWILL mentorship programme - Cohort 01: A rarity in reach and depth

3d | Features
Graphics: TBS

Who are the Boinggas?

3d | Panorama

More Videos from TBS

What did Asif Mahmud say in response to Ishraq's statement?

What did Asif Mahmud say in response to Ishraq's statement?

3h | TBS Today
Iran-Israel ceasefire after 24 hours of violence

Iran-Israel ceasefire after 24 hours of violence

4h | Others
Who Benefits From The 12-day Iran-israel Conflict?

Who Benefits From The 12-day Iran-israel Conflict?

4h | Others
What are the political parties saying about the BNP's conditional acceptance of the Prime Minister's term?

What are the political parties saying about the BNP's conditional acceptance of the Prime Minister's term?

5h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net