Accelerated remittances growth to low- and middle-income countries in 2018
On the back of stronger growth in remittance-sending economies, remittance flows to low- and middle-income countries are expected to reach a new record of $528 billion in 2018, an increase of 10.8...
View ArticleMigration and remittances can speed up Asia’s development. Here’s how
Globally, an estimated 266 million people live and work outside their countries of origin (Source: Migration and Development Brief 29) to seek opportunities provided by economic globalization. About...
View ArticleRemittance flows set to recover this year, after two years of decline
The latest edition of the Migration and Development Brief and an accompanying Press Release have just been launched. Remittances to low- and middle-income countries are on course to recover in 2017...
View ArticleWhy taxing remittances is a bad idea
In 2016, migrant remittance flows to developing countries amounted to $440 billion, more than three times the size of official development aid flows. In many countries, remittances are the largest...
View ArticleDigital Remittances and Global Financial Health
In 2015, there were 244 million international immigrants – the highest number ever recorded and up 12 million from 2013. The 2016 numbers will no doubt be higher. Many immigrants move to new countries...
View ArticleDemonetization in India: Short and long term impact on remittances.
In observance of the International Migrants Day, Dec 18 The Indian government issued orders withdrawing the validity of existing high denomination (Rs. 500 and Rs. 1000) currency notes on 8th November...
View ArticleMigration and Development: A Global Compact on Migration
In observance of the International Migrants Day, Dec 18 The 9th Global Forum on Migration and Development marked a successful continuation of a global process that addresses one of the most contentious...
View ArticleIn 2015 the cost of sending remittances to Central America and the Dominican...
During 2015 the cost of sending remittances to Central America and the Dominican Republic was reduced. This result, obtained from the database of Envía CentroAmérica, is a positive one as these...
View ArticleRemittance Markets: More court cases and higher costs due to Anti Money...
Last October, I wrote a blog on the closing of bank accounts of money transfer operators in Australia. I reported that “Westpac would close the bank accounts of MTOs serving Somalia by the end of...
View ArticleClosing of bank accounts of money transfer operators (MTOs) is raising...
As I mentioned in my previous blog, a renewed focus on Anti Money Laundering and Combatting the Financing of Terrorism (AML-CFT) regulations in Australia, the UK, and in the USA are impacting banks...
View ArticleMigration and Development Seminar: Management of International Migration in...
The DEC-PREM Migration and Remittances Unit of the World Bank Invites you to aBBL "Management of International Migration in India"Presenter: Professor Irudaya RajanCenter for Development Studies,...
View ArticleInternational migration by men affects labor market participation by women at...
While the beneficial impacts of migration and remittances on social welfare have been well documented, we know very little about the effects of migration--mostly by men-- on the local labor market...
View ArticleFinding ways to improve migration data
A constant struggle facing researchers and policymakers tackling migration issues is a lack of good data. The Center for Global Development recently released “Five Steps Toward Better Migration Data,”...
View ArticleEvent Announcement: The Impact of the Economic Crisis on Migration and...
The Migration and Remittances Team of the Development Economics Prospects Group (DECPG) of the World Bank is organizing a brown bag lunch seminar on "The Impact of the Economic Crisis on Migration and...
View ArticleMobile money comes to Bangladesh
Bangladesh seems on track to launch a mobile money transfer (MMT) service which could potentially reduce costs to 1 percent of the transfer amount. The project will be implemented by Grameen Phone (a...
View ArticleA commendable web anthology on remittances
I recently revisited the Social Science Research Council's (SSRC) Web Anthology on Remittances and Development, and was pleasantly surprised to find an excellent collection of research articles on this...
View ArticleData for the people: A migration and development almanac from the Philippines
Earlier this year, the Institute for Migration and Development Issues (IMDI) in the Philippines launched a free (with registration) online country-level databank on overseas migration and development...
View ArticleUnited States allows travel and remittances back home by Cuban immigrants
The Miami Herald reported today that the Obama administration has lifted restrictions on family visits and sending of remittances by Cuban immigrants living in the United States (more details from a...
View ArticleNew monthly remittances data and live online discussion transcript now available
Yesterday's online discussion went very well; many excellent questions were asked, but I only had time to answer a select few. I hope to answer the rest of the questions soon. The transcript is now...
View ArticleLive online discussion on April 8
After releasing the latest remittance flow forecast for developing countries this week, finding that remittances will fall more sharply in 2009 than originally projected, I am going to take part in a...
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