[ad_1]
DOUBLE TROUBLE Sure, Sri Lanka has confronted and continues to face an acute scarcity of international foreign money – and sure, international employee remittances have been among the many mainstays of propping up Sri Lanka’s dwindling foreign exchange reserves.
In reality, for many years, our fiscal managers have boasted about exporting labour even when occasions have been higher with little if any consideration paid to how this undermines the nation’s expertise pool and workforce power, to not point out the influence on households who’re torn aside by the migration of their foreign exchange breadwinners.
From unhealthy to worse as we go, the powers that be have been waxing eloquent in regards to the latest improve in employee remittances (reportedly, from US$ 325 million in August to almost 360 million {dollars} in September) on the again of some 240,000 Sri Lankans registering for international employment in September alone.
To make issues worse, there’s been an alarming acceleration within the variety of migrants – particularly among the many younger – to greener pastures, a lot in order that Sri Lanka’s engine of progress might nicely run out of steam by the point the proposed financial reforms kick in and a revival of some type is underway.
It could be time for the enterprise neighborhood to talk out in regards to the dire penalties of the mind drain – earlier than it’s too late. On this occasion a minimum of, silence might not be golden!
– Editor-in-Chief
[ad_2]
Source link
