Remittance Impact on Both Poverty Level and Economic Growth of Bangladesh

Abstract

The internship report is based on “Remittance Impact on both Poverty Level and Economic Growth of Bangladesh”. This report explores the patterns and trends on remittance inflows throughout the country and their effects on different variables such as GDP, poverty level etc. From findings, there is conducted “multiple regression test” and “correlation test” and suggested that remittances play an important role to increase economic growth and reduce the level of poverty in Bangladesh. It shows how the inflow of remittance has a significant and positive effect. In addition to this, remittances have given a greater contribution on poverty reduction with the improvement of household income, reduction of income inequality and increase of accessing to the basic needs of household. There are some recommendations how government can focus on promote a safe environment emigrants, create opportunities for the employment etc.