Exploring non-traditional sources of development finance: The case of remittance in Bangladesh

Abstract

The article attempts to explain the underlying rationale for consideration of remittances as a potential source of Innovative Development Finance (IDF). Remittance is considered as IDF in the face of declining flow of external resources, mainly foreign aid, in Bangladesh. The sources of remittance are depicted in relation to the type of workers remitting earnings back to Bangladesh and also the different destination countries. The concluding remarks of the article are preceded with a new idea on how to mobilize such private flows as development finance, through the public–private partnership (PPP) model.