In Bangladesh, the diaspora’s contribution to development is viewed only in terms of remittances that go primarily to support families in Bangladesh. Bangladesh should accelerate its efforts to harness the knowledge skills, expertise and investment potential of diaspora to support transformative development. However, to accomplish this task, Bangladesh needs to be more systematic, structured and strategic in its engagement with its diaspora.
Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.
Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.
Tapping potential of diaspora in nation buildingM S Siddiqui
In many countries of the World there are many private, voluntary or NGO level initiatives to engage the diaspora through the medium of knowledge networks.
The existing legal frameworks deal only with the issues relevant to the temporary migrants workers and not the permanent migrants.
Pie framework for bangladeshi diasporaM S Siddiqui
The government should shift its policy focus from serving the migrant labourers towards engaging the Diaspora communities in the overall development efforts of the country.
Some special sectors of the economy may keep reserve exclusively for the NRBs to invest or they should be given preferential treatment in this regard. There may be a free trade zone for NRB.
The document is prepared for a project of edX online learning of WBG. It is a report of present and future opportunities of financial inclusion through digital money especially digital money.
The Economic Effects of Canadian Citizenship through Investment.pdfMyGlobalCitizenship1
In a rapidly evolving global landscape, the traditional notions of citizenship are undergoing a remarkable transformation. Citizenship by investment, an innovative approach that allows individuals to obtain citizenship through financial contributions, has emerged as a gateway to new possibilities.
Workforce Localization is a government policy for GCC Countries to ensure that employment rates for local and national citizens are higher than those of the expatriate workforce.
Unleashing the Power of the South Asian Diaspora_ Learning from China’s Succe...AkramTurak
The South Asian diaspora, “Global Desi Community” hailing from India, Pakistan, Sri Lanka, Bangladesh, Nepal, and Bhutan, is a vibrant community spread across the globe. As they settle in their adopted countries, they carry with them a wealth of skills, expertise, and cultural heritage. Taking inspiration from the Chinese diaspora’s tremendous success in transforming China into a manufacturing and export powerhouse, the South Asian diaspora now seeks to emulate this success and contribute to the growth of their motherland. This article explores how the South Asian diaspora can leverage their connections, investments, expertise, and market knowledge to promote their home countries and drive economic development.
The Chinese Diaspora Success Story
The Chinese diaspora’s impact on China’s economic growth has been monumental. With their entrepreneurial spirit and global networks, they played a pivotal role in turning China into a manufacturing hub and an exporting giant. The Chinese diaspora’s engagement with international markets and investments facilitated China’s integration into the global economy.
Understanding the South Asian Diaspora
The South Asian diaspora is a diverse community, representing a wide range of skills and talents. From successful entrepreneurs and skilled professionals to artists and academics, they have excelled in various fields. Their significant presence in different countries presents a unique opportunity for their motherland to tap into their expertise and networks.
Tapping into Diaspora Connections
One of the most valuable assets the South Asian diaspora possesses is their connections with their adopted countries. Governments of South Asian nations are increasingly recognizing the importance of engaging with their overseas citizens to foster economic development. By creating platforms for dialogue and collaboration, these countries can harness the diaspora’s influence and advocate for their homeland’s potential in their adopted countries.
Investment Opportunities and Partnerships
The South Asian diaspora can play a crucial role in driving investments and establishing partnerships between their adopted countries and their motherland. By investing in industries with high potential, such as technology, infrastructure, and renewable energy, they can spur economic growth and create job opportunities back home. Diaspora-led partnerships can also bridge the gap between local industries and global markets, facilitating international trade and exports.
Sharing Expertise and Knowledge Exchange
The South Asian diaspora is a treasure trove of knowledge and expertise that can be shared with their home countries. Establishing knowledge exchange programs, mentorship initiatives, and academic collaborations can uplift local industries and boost innovation. Encouraging skilled diaspora members to contribute to research and development can lead to advancements in various sectors and enhance the competitiveness of South Asian natio
Impact Report: Public Private Partnership by Youth Yogyakarta (Jan 2020)Good City Foundation
The Impact Report of Public Private Partnership by Youth Yogyakarta (Jan 2020) is prepared by Future City Summit and Good City Foundation as part of the development program series "Public Private Partnership by Youth", hosted together with City Government of Yogyakarta Mayor Office, DIY Academy and Foundation and Indonesia's largest startup accelerator, Block71.
The report mainly introduces the general condition of the People’s Republic of Bangladesh, especially the real estate market in its capital Dhaka. The report also covers general conditions of the different parts of the real estate market in Dhaka and their development trends in recent years.
Look at the potential Investment opportunity in Bangladesh. Invest your money and make profit. Contact: +8801716752370 www.cbecl.com. Please contact real investors, not fake ones.
Tax justice from 100 years old income tax law.pdfM S Siddiqui
Roughly 94 per cent of income-tax revenue comes from tax deducted at source. The Tax deduct as source (TDS) has been imposed at border during release of imported goods and services, supply of goods and services to government and corporates entities. This deduction is on gross sales value but not on net profit. The advances taxes are non-refundable and considered as tax on income. In many cases the tax burden are more than 100 percent of the net income of the business enterprises.
Tapping potential of diaspora in nation buildingM S Siddiqui
In many countries of the World there are many private, voluntary or NGO level initiatives to engage the diaspora through the medium of knowledge networks.
The existing legal frameworks deal only with the issues relevant to the temporary migrants workers and not the permanent migrants.
Pie framework for bangladeshi diasporaM S Siddiqui
The government should shift its policy focus from serving the migrant labourers towards engaging the Diaspora communities in the overall development efforts of the country.
Some special sectors of the economy may keep reserve exclusively for the NRBs to invest or they should be given preferential treatment in this regard. There may be a free trade zone for NRB.
The document is prepared for a project of edX online learning of WBG. It is a report of present and future opportunities of financial inclusion through digital money especially digital money.
The Economic Effects of Canadian Citizenship through Investment.pdfMyGlobalCitizenship1
In a rapidly evolving global landscape, the traditional notions of citizenship are undergoing a remarkable transformation. Citizenship by investment, an innovative approach that allows individuals to obtain citizenship through financial contributions, has emerged as a gateway to new possibilities.
Workforce Localization is a government policy for GCC Countries to ensure that employment rates for local and national citizens are higher than those of the expatriate workforce.
Unleashing the Power of the South Asian Diaspora_ Learning from China’s Succe...AkramTurak
The South Asian diaspora, “Global Desi Community” hailing from India, Pakistan, Sri Lanka, Bangladesh, Nepal, and Bhutan, is a vibrant community spread across the globe. As they settle in their adopted countries, they carry with them a wealth of skills, expertise, and cultural heritage. Taking inspiration from the Chinese diaspora’s tremendous success in transforming China into a manufacturing and export powerhouse, the South Asian diaspora now seeks to emulate this success and contribute to the growth of their motherland. This article explores how the South Asian diaspora can leverage their connections, investments, expertise, and market knowledge to promote their home countries and drive economic development.
The Chinese Diaspora Success Story
The Chinese diaspora’s impact on China’s economic growth has been monumental. With their entrepreneurial spirit and global networks, they played a pivotal role in turning China into a manufacturing hub and an exporting giant. The Chinese diaspora’s engagement with international markets and investments facilitated China’s integration into the global economy.
Understanding the South Asian Diaspora
The South Asian diaspora is a diverse community, representing a wide range of skills and talents. From successful entrepreneurs and skilled professionals to artists and academics, they have excelled in various fields. Their significant presence in different countries presents a unique opportunity for their motherland to tap into their expertise and networks.
Tapping into Diaspora Connections
One of the most valuable assets the South Asian diaspora possesses is their connections with their adopted countries. Governments of South Asian nations are increasingly recognizing the importance of engaging with their overseas citizens to foster economic development. By creating platforms for dialogue and collaboration, these countries can harness the diaspora’s influence and advocate for their homeland’s potential in their adopted countries.
Investment Opportunities and Partnerships
The South Asian diaspora can play a crucial role in driving investments and establishing partnerships between their adopted countries and their motherland. By investing in industries with high potential, such as technology, infrastructure, and renewable energy, they can spur economic growth and create job opportunities back home. Diaspora-led partnerships can also bridge the gap between local industries and global markets, facilitating international trade and exports.
Sharing Expertise and Knowledge Exchange
The South Asian diaspora is a treasure trove of knowledge and expertise that can be shared with their home countries. Establishing knowledge exchange programs, mentorship initiatives, and academic collaborations can uplift local industries and boost innovation. Encouraging skilled diaspora members to contribute to research and development can lead to advancements in various sectors and enhance the competitiveness of South Asian natio
Impact Report: Public Private Partnership by Youth Yogyakarta (Jan 2020)Good City Foundation
The Impact Report of Public Private Partnership by Youth Yogyakarta (Jan 2020) is prepared by Future City Summit and Good City Foundation as part of the development program series "Public Private Partnership by Youth", hosted together with City Government of Yogyakarta Mayor Office, DIY Academy and Foundation and Indonesia's largest startup accelerator, Block71.
The report mainly introduces the general condition of the People’s Republic of Bangladesh, especially the real estate market in its capital Dhaka. The report also covers general conditions of the different parts of the real estate market in Dhaka and their development trends in recent years.
Look at the potential Investment opportunity in Bangladesh. Invest your money and make profit. Contact: +8801716752370 www.cbecl.com. Please contact real investors, not fake ones.
Tax justice from 100 years old income tax law.pdfM S Siddiqui
Roughly 94 per cent of income-tax revenue comes from tax deducted at source. The Tax deduct as source (TDS) has been imposed at border during release of imported goods and services, supply of goods and services to government and corporates entities. This deduction is on gross sales value but not on net profit. The advances taxes are non-refundable and considered as tax on income. In many cases the tax burden are more than 100 percent of the net income of the business enterprises.
Bangladesh’s cross border transaction in Chinese RMB.pdfM S Siddiqui
Banks are finally allowed to maintain accounts in Chinese currency RMB with their correspondents or overseas branches for cross-border transactions executed in Bangladesh.
Meanwhile, China has introduced cross-border interbank payments system (CIPS) with the RMB as an alternative trading currency. CIPS payment system offers clearing and settlement services for participates in cross-border RMB payment and trade.
Over the last decade the Chinese government has consistently strived to overcome China’s dependence on foreign supplies in the sector, and as a result China’s market share in semiconductors has increased from 5 percent in 2010 to 13 percent in 2020, more than doubling in ten years. China is moving along with the planned schedule to achieve supremacy in manufacturing semi-conductors.
Evaluation of Bangladesh’s Data Protection Bill.pdfM S Siddiqui
The draft Data Security Law did not make difference between data privacy and data security and a big concern was how to maintain the privacy of such data. The problem is that the government has expressed a controlling attitude to make the law a control mechanism rather than data security and data privacy.
Rights of the nominee vis-à-vis legal heirs.docxM S Siddiqui
Currently, the banks may follow the rule of Bangladesh Bank and the principle of the judgment of the High Court Division that the nominee is entitled to the money of the deceased person and pay to the nominee at the first instance to complete their responsibility. Subsequently, the nominee will be treated as a custodian in case of a succession certificate given by the court and distribute the amount accordingly.
Bangladesh bank’s rules of export documents require an amendmentM S Siddiqui
The Factoring services provide security of payment and financing through transfer of shipping documents along with ownership and rights over the payments. The circular no. 32 (dated October 03, 2021) restricting transfer of document will hamper smooth service of Factoring and export financing by trade finance companies. The BB should revisit the circular addressing the embargo over transfer of full set of documents.
Access to finance for the informal sectorM S Siddiqui
Bangladesh may formulate policies to use these sources to in credit reporting systems. There may be even legal framework like some other some economies to allow the sharing of information from non-traditional sources and authorised CRSPs to prepare CR for MSMEs.
Ad free channel ends unfair privileges to overseas manufacturersM S Siddiqui
The Clean Feed Strategy would give a level playing field to Bangladeshi manufacturers and foreign manufactures. Although late the government has taken a bold decision.
Pandemic recession and employment crisisM S Siddiqui
The policy of Bangladesh Bank and attitude of commercial banks have many challenges to overcome regarding these programmes. They require a change in mind-set and political will to recognize the crisis and probable solution. There should a recognition that informal workers and their livelihood activities represent the broad base of the economy producing essential goods and services not only for low-income customers but also for the general public and for the formal economy.
How to upgrade bangladesh’s banking almanacM S Siddiqui
The confidence of users is a big challenge for an almanac. The authentication of information is a basic criterion of a good almanac. The authority may take initiative to upload the almanac in their web-site and make easily accessible for the end users specially the FI in other countries.
Bangladesh needs rules on odourised lpgM S Siddiqui
It is impossible to detect the leak because of the lack of odour. This has led different countries to enact new regulations that require gas suppliers to odourise LPG.
The experience of the other countries doesn’t support the fear of NBR officials. This conception of officials is a challenge of introduction of PCA in Bangladesh.
With the ratification of the TFA in 2016, Bangladesh has obligation to introduce PCA in the customs rule. The relevant SRO should be issues as early as possible.
Abrupt indian ban on onion seeds not legalM S Siddiqui
Bangladesh became self-reliant in Cattle production after restriction on cattle export / smuggling during last few years. Let's hope that the statistics of Bangladesh Agricultural Department are correct and Bangladesh will hopefully continue to be self-reliant of onion despite Indian ban on export of onion and onion seed.
Miniket may be branded for marketing by any company but cannot claim this as local variety of rich. It cannot be registered under patent act. The fate of Miniket is depends upon teste and demand of the consumers.
Psi of govt purchase contrary to import policyM S Siddiqui
The inspection by government official is against the Import Policy Order as well as it is expensive for the nation and not serving the real purpose. The inspectors are not liable for any incidence of wrong delivery.
Disappearance of border pillars and death from lightning strikeM S Siddiqui
In south Asia the casualties have been increases in recent years. But apart from climate change, the recent increase of death of lightning has linkage with the silent disappearance of Border pillars of Mouja installed by British rulers in South Asia.
The standard global practice of other countries, the credit information reports neither express any opinion about the borrower creditworthiness nor assign any rating to the borrowers.
Hashem foods fire determining the liability of regulatorsM S Siddiqui
Despite all the irregularities, how industries get fitness certificate from DIFE on yearly basis is a question. Hashem Food started their business in 1982 and DIFE has been certifying it on yearly basis since then.
Regional co-operation under SAARC may be an additional blessing to solve the problem. Bangladesh apparently failed to get mutual co-operation from neighboring countries. Bangladesh may shift the policy on prevention, education and training of all stakeholders to eradicate drugs from our society.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Need for policy for contribution of bangladeshi diaspora
1. Published: 12:00 AM, 23 August 2020
Need for policy for contribution of Bangladeshi diaspora
https://dailyasianage.com/news/239062/need-for-policy-for-contribution-of-bangladeshi-diaspora
M S Siddiqui
It has been estimated that about 10 million Bangladeshis are living abroad most of whom
temporarily went abroad employment and of which about 2.4 million Bangladeshis are living
abroad permanently either as citizens or with other valid documents in as many as 162 countries.
These Non-Resident Bangladeshi (NRB) make up the ever-growing Bangladeshi diaspora and
they mostly live in the industrial countries including but not limited to UK, USA, Italy, Japan,
Australia, Greece, Canada, Spain, Germany, South Africa, France, Netherlands, Belgium and
Switzerland. They make up the ever-growing Bangladeshi diaspora.
New diaspora communities be migrated or born abroad as second generation maintain a special
affinity with Bangladesh, a desire to maintain a connection of cultural, social or economic to their
country of origin. These second generation and born in abroad ‘Bangladeshi’ by heart use to
believe Bangladesh as their own country. They very often express their interest in matters related
to the development in their homeland. They can use their financial, time and intellectual resource
to help reduce poverty, contribute to the expansion of the private sector and enhance global
competitiveness and overall development of the country.
The Bureau of Manpower, Employment and Training (BMET) under The Ministry of Expatriates'
Welfare and Overseas Employment is mandated to maintain information on migration, but they
keep information only on short-term migrants. It has not developed any system yet to gather or
preserve the record on the Bangladeshi diaspora. It does not have any system of keeping
information about the Bangladeshi population living in advanced countries particularly those who
are professionals of various categories, businessmen or investors.
However, very recently, the Ministry has introduced an electronic NRB registration app with the
aim to map out the NRBs. The diaspora can also have the smart ID card once they complete the
registration. But, the diaspora are not duly informed of the project and the possible benefits of
such registration.
Following the experience of other countries, Bangladesh can enjoy benefit of financial
remittances, social remittances, skills transfer, and, more broadly, of diaspora engagement in
social and community projects aiming at promoting development in Bangladesh.
At the policy level, there are some provisions to encourage expatriate remittance senders, some
investment in government bond and share market. The existing legal frameworks deal only with
the issues relevant to the temporary migrant workers and not the permanent migrants.
Unfortunately, there is no provision in place at present to recognize the contributions of the
diaspora professional whose outstanding contributions have been recognized by own country. It
must be kept in mind that reaching out the diaspora and engaging them in a productive and
meaningful way will require appropriate institutions to understand the commitment on the part of
the members of the Bangladeshi diaspora. The sentiment be taken with due care and make to
appropriate environment to bring them back to their own country.
It is known that a Knowledge for Development Management (K4DM) project which is being
implemented by Economic Relations Division of the Ministry of Finance and supported by UNDP.
The project started its operation in 2015. One of the major initiatives of the project is to try
establish a platform for engagement of the Non-resident Bangladeshi or Bangladeshi diaspora in
the country’s development process. In this regard, experiences of other countries are success
stories. Such a diaspora platform may prove to be extremely effective.
2. In general, all the stakeholders have emphasis and realization about the importance of engaging
the diaspora into Bangladesh’s on-going development process. K4DM project organized a
consultation on “Developing Platform for NRB Engagement in National Development”. The
dialogue participants of a consultation meeting recommended the formation of a national platform
for the engagement of diaspora, develop a diaspora strategy and introduce one stop service for
diaspora, establishing a separate economic zone for diaspora investment.
The government should create a permanent platform to institutionalize the diaspora
engagements with a view to foster country’s development goals emphasis in vision 2030 and 8th
FYP. Besides, in doing so, the government may launch various win-win schemes to make it more
attractive for its diaspora to step up participation in Bangladesh’s development. Bangladesh
should formalize a diaspora platform wherein top diaspora scientists, engineers, doctors,
academics, administrators and other professionals serve Bangladeshi public sector organizations
for a brief period, lending their expertise. Bangladesh should aggressively encourage the
diaspora to invest in Bangladesh — especially for projects, which focus on its development.
Bangladesh need huge FDI in both public and private sector to create employment opportunity
and expertise of economists, planners, engineers etc.
Bangladesh can learn lessons from other emerging and developing countries such as Malaysia,
South Africa, Nigeria and Rwanda, who have successfully engaged their diaspora for economic
and social development. For example, in Malaysia, TalentCorp—a partnership between the
government, the private sector and the overseas diaspora—works to bring educated and highly
skilled Malaysians living and working abroad back to the country.
The South Africa Network of Skills Abroad (SANSA) helps connect highly qualified and skilled
individuals in the diaspora with opportunities to advance education, research and development in
the country. Similarly, Nigeria has set up the Nigerians in the Diaspora Organization (NIDO) in
various countries throughout the world. Rwanda started a solidarity fund, in which the diaspora
can contribute to the development of their country.
China known for FDI to other countries including Bangladesh has also focused on engaging the
diaspora communities with economic development and to attract diaspora investment the
Chinese government brought about widespread and meaningful economic reforms. A study
observed that 70 percent of foreign direct investment to China came from its diaspora. Labour
intensive export processing sector and real estate are the two major areas where the diaspora
investment has taken place.
At the same time, a key focus of the Chinese government is to engage well-placed entrepreneurs
of the foreign countries so that they can play a pivotal role in attracting foreign direct investment
through joint ventures for promotion of Chinese domestic companies’ exports and directing
outsourcing opportunities for China. These Chinese expatriate is the instrumental to promote
Chinese consumer goods throughout the world,
In Bangladesh, the diaspora’s contribution to development is viewed only in terms of remittances
that go primarily to support families in Bangladesh. However, the Bangladesh diaspora
represents a “huge reservoir” or a “gold mine” of human and capital and also an important bridge
between Bangladesh and developed countries. Bangladesh should accelerate its efforts to
harness the knowledge skills, expertise and investment potential of diaspora to support
transformative development. However, to accomplish this task, Bangladesh needs to be more
systematic, structured and strategic in its engagement with its diaspora.
Bangladesh has already demonstrated it’s seriousness about managing its relationship with the
migrant workers by establishing a separate Ministry called “Ministry of Expatriates’ Welfare and
Overseas Employment”(MoEWOE) in 2001 and The Wage Earner Board’s Act 2018. The main
objective of these laws is to ensure welfare of the expatriate workers and enhancement of
overseas employment with a principle of equal opportunity for the people of all areas of the
3. country. Bangladesh need pragmatic policy to attract service of diaspora living throughout the
world having knowledge, skill, finance and eagerness to contribute for own motherland. Although,
some of them born and brought up in other countries.
The writer is a legal economist.
Email: mssiddiqui2035@gmail.com