South Asia’s remittances to face sharp decline in 2009

By Santhush Fernando

Decline in remittances is likely to cause widespread economic hardship across South Asian countries for whom remittances have acted as a vital source of foreign currency contributing to economic growth and the livelihood of needy people.
President of Bangladesh Enterprise Institute (BEI) and Guest of Honour, Farooq Sobhan made this remark at the recently concluded International Conference Migration, Remittances and Development Nexus in South Asia.

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