Remittances are often considered a stable and reliable source of development financing. In 2017, remittances to Sri Lanka declined by 1.08%, compared to the previous year, while the decline in 2018 was 2.08%. An underexplored reason for the decline in remittances is the recent changes in the composition of migrant workers from Sri Lanka. Bilesha Weeraratne highlights the gender aspect of remittances, to identify strategies to improve the country’s remittances in the future.
Sub Agents play a significant role in the recruitment process of migrant workers from Sri Lanka. However, to-date Sub Agents are informal stakeholders in the recruitment process. As such, currently, there is increasing interest in Sri Lanka to formalise Sub Agents and hold them accountable for their conduct. In this blog, Bilesha Weeraratne weighs in on how Sub Agents can be regulated to better serve potential migrants and licensed agents.