Bangladeshi Expatriates’ Role in Economic and National Development

Bangladeshi expatriates

[ by Bahauddin Foizee ]

The Bangladeshi diaspora is a significant force in the global economy, contributing not only to financial growth but also enhancing cultural and social connections across the globe. These individuals, spread across various countries, play a crucial role in shaping the image of Bangladesh and its identity abroad.

One of the most impactful contributions of the diaspora is the remittances they send back home. In the fiscal year 2022-23, Bangladeshi expatriates sent approximately $22 billion in remittances, accounting for nearly 7% of the country’s GDP. This influx of funds is vital, not only for improving the living standards of families but also for bolstering the overall economic development of the nation. According to government statistics, these remittances have strengthened the social safety net in Bangladesh, providing essential support for countless households.

In addition to financial contributions, Bangladeshi expatriates are instrumental in promoting the country’s culture, heritage, and identity on the international stage. With around 10 million Bangladeshis living abroad, they actively engage in preserving and showcasing Bengali language and traditions. Through cultural events, workshops, and seminars, they are fostering a deeper understanding and appreciation of Bangladesh’s rich diversity in their host countries, thus enhancing the nation’s global visibility.

However, the diaspora also faces significant challenges. Many expatriates, especially labours in the Middle East, encounter discrimination and harsh working conditions. Issues related to job security and fair wages are prevalent, highlighting the urgent need for the government to address their rights and safety. It is crucial for authorities to adopt more empathetic policies and implement measures that protect the interests of these individuals.

Overall, the Bangladeshi diaspora is an invaluable asset to the country. Their labour, financial support, and cultural contributions have opened a new horizon for national development. Recognizing and supporting the role of expatriates can lay a robust foundation for Bangladesh’s future.

In conclusion, it is essential for us to extend our support and empathy towards the diaspora, as they work not only for their own well-being but also for the advancement of their homeland. Their initiatives and efforts are vital for sustained national growth, and our collective cooperation is necessary to ensure their continued contributions

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Bahauddin Foizee Written by:

Bahauddin Foizee is a Threat/Risk Intelligence Analyst focusing on the assessment of investment, legal, security, political and geopolitical threat/risk. He also supports other analysts who are involved in assessing environmental, financial and military threat/risk. His insights, analysis and columns on social, legal, political, geo-political and environmental affairs across the Asia-Pacific/Indo-Pacific and the Middle East regions have been widely published on think-tank-publications and media-outlets across the world.