Remittances pulled Bangladesh economy back from brink after July Uprising, says Yunus

Chief Advisor Muhammad Yunus has credited Bangladeshi expatatriates for rescuing the economy in the wake of the July Uprising. “Our economy was at rock bottom. Your remittances saved it. Your remittances were behind strengthening our economy,” he said at the “NRB Connect Day: Empowering Global Bangladeshis” event at the New York Marriott Marquis in Manhattan on Saturday. Yunus said he was personally hopeful about Bangladesh’s future, citing the strength of its young population, according to state news agency Bangladesh Sangbad Sangstha (BSS). He urged foreign companies to relocate factories to Bangladesh to take advantage of the available workforce and to view the country as a production hub. The chief advisor called on expatriates to bring investment and ideas back to...