Remittances

A remittance is a transfer of money, often by a foreign worker to an individual in their home country. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries.According to the World Bank, in 2018 overall global remittance grew 10% to US$689 billion, including US$528 billion to developing countries. Overall global remittance is expected to grow 3.7% to US$715 billion in 2019, including US$549 billion to developing nations.Due to its large diaspora and overseas expats …

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Publications

MP-IDSA: Manohar Parrikar Institute for Defence Studies and Analyses · 26 July 2024 English

Since the end of the Second World War, the US’s engagement in South Asia has undergone changes in response to evolving geopolitical dynamics in the region and the global landscape. …

success, driven by its thriving garment sector and remittances from its sizable expatriate population, has led Europe, plays a crucial role by contributing to remittances sent back to Bangladesh.23 The Bangladeshi economy export of ready-made garments to the West and the remittances flowing from expatriate Bangladeshis. As Bangladesh rubber and ready-made garment exports, and remittances, leading to a shortage in foreign exchange reserves primary export market and a key source of foreign remittances and investment, retained considerable influence


World Bank Group · 18 July 2024 English

Financial sector reforms are part of the strategies that countries follow to exit from fragility, but the content and focus of these reforms and the priority they are given relative …

in many cases relying on commodity exports, remittances, and official development assistance (ODA) as


SEACEN Research and Training Centre · 18 July 2024 English

The July issue discusses the previous year’s overall trends, latest patterns, and the outlook for the current year, while the December issue focuses on the current year’s quarterly capital flows …

balance Vietnam) and then China. (which includes remittances) remained in surplus at US$175 billion, which


ADB: Asian Development Bank · 17 July 2024 English

Asia and the Pacific’s developing economies are projected to grow 5.0% this year on the back of resilient domestic demand and strong export growth, particularly in the electronics sector.

contributor supported by low unemployment and remittances from overseas workers. Brisk public infrastructure


World Bank Group · 17 July 2024 English

This report includes a special focus chapter focused on the dynamics of the Moroccan private sector. It is based on the results of an analysis jointly conducted with the Moroccan …

and services exports together with workers’ remittances have contributed to a pronounced improvement the equiv- alent of almost 2.2 percent of GDP. Remittances have become an increasingly important component households navigate through turbu- lent times. Gross remittances have amounted to about FiGURE 12 • the market’s become the fourteenth larg- est recipient of remittances in absolute terms (exclud- ing high income countries) LMIC with the highest remittances as a share of GDP. The increase in remittances observed in Morocco since


IADB: Inter-American Development Bank · 17 July 2024 English

This Poverty and Equity Assessment aims to inform efforts to reduce poverty and inequality at what could be an important turning point for Suriname. The assessment was written as Suriname …

declining employment, business closures, and lower remittances (Garavito, Beuermann, and Khadan 2021). Moreover


ISET-PI: Iset Policy Institute · 17 July 2024 English

The appreciation of the GEL's real effective exchange rate is seen as a result of not just short-term cyclical factors but also significant structural shifts in the current account, particularly …

May 2024). EXTERNAL SECTOR: TRADE, TOURISM, REMITTANCES, FDI At the start of 2024, Georgia faced a decline despite the downturn in Russian transfers, remittances from other nations, notably the US, Israel, and


World Bank Group · 17 July 2024 English

This paper describes power sector modeling methodologies for the World Bank's macrostructural model - MFMod. Macrostructural models generally do not model sectors, such as the power sector, in detail, limiting …

consumption deflator (P C t ), transfers (GTRN t ), remittances (REMTt) and the real interest rate (it − πt −


ADB: Asian Development Bank · 17 July 2024 English

Sociocultural globalization and environmental globalization have a positive impact on human development at the individual level.

ratio is as follows: 𝐼𝐸𝐶𝑂𝐺𝐼 = ((𝑅𝑒𝑚𝑖𝑡𝑡𝑎𝑛𝑐𝑒𝑠 + 𝑊𝑜𝑟𝑘 𝑖𝑛 𝑀𝑁𝐶𝑠 + 𝑊𝑜𝑟𝑘 𝑖𝑛 K. Cheok, and E. S. Devadason. 2018. Foreign Remittances and Household-based Human Development: A Regional Globalization 1 Receive income from other countries (remittances) 2 Work in a multinational or foreign-owned


IMF: International Monetary Fund · 16 July 2024 English

The Canadian economy appears to have achieved a soft landing: inflation has come down almost to target, while a recession has been avoided, with GDP growth cushioned by surging immigration …

labor migrants devote a substantial share to remittances. • Another potential positive effect of family-based


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