Minister of Labour and Foreign Employment, Manusha Nanayakkara, has revealed that Sri Lankan migrant workers’ foreign remittances in April 2023 have displayed a significant improvement compared to the inflows recorded in April 2022.
During the previous month, workers’ remittances reached USD 454 million, marking a substantial increase from the inflows of USD 248.9 million in April 2022. This surge represents a noteworthy rise of USD 205.1 million, equivalent to 82.4%, as stated by the minister.
However, when compared to the workers’ remittances in March 2023, which totaled USD 568 million, the inflows in April 2023 experienced a slight decline.
Remarkably, Sri Lanka has consistently surpassed USD 400 million in migrant workers’ remittances during the first four months of 2023, with cumulative inflows amounting to USD 1867.2 million. In January and February, the remittances stood at USD 437.5 million and USD 407 million, respectively.
These positive trends in remittances indicate the resilience and contribution of Sri Lankan migrant workers, highlighting their vital role in the country’s economy.
