Bangladesh: Selected Issues

February 25, 2010

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Bangladesh: Selected Issues, (USA: International Monetary Fund, 2010) accessed December 26, 2024

Summary

This Selected Issues paper analyzes the surprising strength of remittances in Bangladesh and other countries in South Asia and the Philippines in 2009. The empirical analysis suggests that the continued strong growth of remittances in these countries is related to the resilience of non-oil GDP growth in the GCC countries and the surge in the GCC countries’ hiring of migrant workers from South Asia during 2006–08. The remittances-to-GDP ratio in South Asia and the Philippines are likely to remain robust in the near term.

Subject: Balance of payments, Current account, Current account balance, Foreign exchange, Labor, Migrant labor, Real effective exchange rates, Remittances

Keywords: Bangladesh, CR, Current account, Current account balance, Current account norm, Exchange rate, GCC country, Global, Host-country GDP, ISCR, Merchandise export, Migrant, Migrant labor, Real effective exchange rates, Remittance, Remittances, Remittances to GDP ratio, RMG sector, South Asia, U.S. dollar

Publication Details

Pages:

29
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/056
Stock No:

1BGDEA2010003
ISBN:

9781451804300
ISSN:

1934-7685

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