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41pc households with migrants to be poor without remittance: WB
Published on : 15 October, 2019


Forty-one percent of households with at least one family member engaged as a migrant worker would be in poverty without remittance, said a senior World Bank official yesterday.

International migration helps many households come out of poverty but challenges for migration are greater for the poor, said Stefano Paternostro, practice manager for social protection and jobs for South Asia at the Washington-based multilateral lender.

“High intermediation costs lead to lower access and greater vulnerability, especially for the poor,” he said at a roundtable on “Inclusive jobs for youth: challenges and solutions in Bangladesh” organised by World Bank

For more visit: https://www.thedailystar.net/business/news/41pc-households-migrants-be-poor-without-remittance-wb-1803970

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