Outlook for Remittance Flows 2012-14 : Remittance Flows to Developing Countries Exceed $350 Billion in 2011

Officially recorded remittance flows to developing countries are estimated to have reached $351 billion in 2011, up 8 percent over 2010. For the first time since the global financial crisis, remittance flows to all six developing regions rose in 2011. Growth of remittances in 2011 exceeded our earlier expectations in four regions, especially in Europe and Central Asia (due to higher outward flows from Russia that benefited from high oil prices) and Sub-Saharan Africa (due to strong south-south flows and weaker currencies in some countries that attracted larger remittances). By contrast, growth in remittance flows to Latin America and Caribbean was lower than previously expected, due to continuing weakness in the U.S. economy and Spain. Remittance costs have fallen steadily from 8.8 percent in 2008 to 7.3 percent in the third quarter of 2011. However, remittance costs continue to remain high, especially in Africa and in small nations where remittances provide a life line to the poor.

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Bibliographic Details
Main Authors: Mohapatra, Sanket, Ratha, Dilip, Silwal, Ani
Language:English
en_US
Published: World Bank, Washington, DC 2011-12-01
Subjects:ABUSE, ASSETS, AVERAGE REMITTANCE, BALANCE OF PAYMENT, BALANCE OF PAYMENTS, BALANCE OF PAYMENTS MANUAL, BALANCE OF PAYMENTS STATISTICS, BOND, BOND ISSUANCE, BONDS, CENTRAL BANK, CENTRAL BANKS, CIVIL CONFLICT, COMMERCIAL BANKS, COMMODITY PRICE, COMPENSATION OF EMPLOYEES, COMPETITIVENESS, COUNTRIES OF ORIGIN, COUNTRY OF ORIGIN, CURRENCY DEPRECIATION, CURRENT POPULATION, DATA ON REMITTANCES, DEBT, DEBT CRISIS, DESTINATION COUNTRY, DEVELOPING COUNTRIES, DEVELOPMENT IMPACT OF REMITTANCES, DIASPORA, ECONOMIC CRISIS, ECONOMIC UNCERTAINTY, EXCHANGE RATES, FINANCIAL CRISIS, FOREIGN DIRECT INVESTMENT, FOREIGN INVESTMENTS, FOREIGN POLICY, FOREIGN STUDENTS, FOREIGN WORKERS, FUTURE REMITTANCES, GLOBAL ECONOMY, GLOBAL REMITTANCES, GROSS DOMESTIC PRODUCT, GROWTH OF REMITTANCES, GROWTH RATE, HIGH-INCOME COUNTRIES, HOME COUNTRIES, HOME COUNTRY, HOME CURRENCY, ILLEGAL IMMIGRATION, IMMIGRANTS, IMMIGRATION, IMMIGRATION POLICIES, INCOME, INFORMAL CHANNELS, INFRASTRUCTURE DEVELOPMENT, INSTRUMENT, INTERNATIONAL BANKS, INTERNATIONAL TRANSACTIONS, ISSUANCE, JOB CREATION, LABOR FORCE, LABOR MARKET, LOCAL CURRENCY, LOW-INCOME COUNTRIES, MARKET COMPETITION, MIGRANT, MIGRANT DESTINATION COUNTRIES, MIGRANT REMITTANCE, MIGRANT REMITTANCES, MIGRANT TRANSFERS, MIGRANT WORKER, MIGRANT WORKERS, MIGRANT-SENDING COUNTRIES, MIGRANTS, MIGRATION, MINIMUM SALARY, MINIMUM WAGE, MONETARY FUND, MONEY TRANSFER, MONEY TRANSFER COMPANIES, MONEY TRANSFER OPERATORS, NATIONAL LEVEL, NATIONALS, OIL PRICE, OIL PRICES, PERSISTENT UNEMPLOYMENT, PERSONAL REMITTANCES, POST-CRISIS PERIOD, POVERTY REDUCTION, PROGRESS, PURCHASING POWER, QUOTAS, RATES OF GROWTH, RECIPIENT COUNTRIES, RECIPIENTS OF REMITTANCES, REMITTANCE, REMITTANCE CORRIDORS, REMITTANCE COSTS, REMITTANCE FLOWS, REMITTANCE INFLOWS, REMITTANCE OUTFLOWS, REMITTANCE SERVICES, REMITTANCES, REMITTANCES FLOWS, REMITTANCES REMITTANCES, RESERVE, RESERVE BANK, RETURN, SCARCE RESOURCES, SEND REMITTANCES, SKILLED MIGRANTS, SLOWDOWN, SOVEREIGN RISK, TRANSACTION, UNEMPLOYMENT, UNEMPLOYMENT RATE, UNEMPLOYMENT RATES, VALUE OF REMITTANCES, VOLUME OF REMITTANCES, VULNERABILITY, WORLD DEVELOPMENT INDICATORS,
Online Access:http://documents.worldbank.org/curated/en/2011/12/16977544/outlook-remittance-flows-2012-14-remittance-flows-developing-countries-exceed-350-billion-2011
https://hdl.handle.net/10986/16182
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spelling dig-okr-10986161822024-08-08T14:50:51Z Outlook for Remittance Flows 2012-14 : Remittance Flows to Developing Countries Exceed $350 Billion in 2011 Mohapatra, Sanket Ratha, Dilip Silwal, Ani ABUSE ASSETS AVERAGE REMITTANCE BALANCE OF PAYMENT BALANCE OF PAYMENTS BALANCE OF PAYMENTS MANUAL BALANCE OF PAYMENTS STATISTICS BOND BOND ISSUANCE BONDS CENTRAL BANK CENTRAL BANKS CIVIL CONFLICT COMMERCIAL BANKS COMMODITY PRICE COMPENSATION OF EMPLOYEES COMPETITIVENESS COUNTRIES OF ORIGIN COUNTRY OF ORIGIN CURRENCY DEPRECIATION CURRENT POPULATION DATA ON REMITTANCES DEBT DEBT CRISIS DESTINATION COUNTRY DEVELOPING COUNTRIES DEVELOPMENT IMPACT OF REMITTANCES DIASPORA ECONOMIC CRISIS ECONOMIC UNCERTAINTY EXCHANGE RATES FINANCIAL CRISIS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENTS FOREIGN POLICY FOREIGN STUDENTS FOREIGN WORKERS FUTURE REMITTANCES GLOBAL ECONOMY GLOBAL REMITTANCES GROSS DOMESTIC PRODUCT GROWTH OF REMITTANCES GROWTH RATE HIGH-INCOME COUNTRIES HOME COUNTRIES HOME COUNTRY HOME CURRENCY ILLEGAL IMMIGRATION IMMIGRANTS IMMIGRATION IMMIGRATION POLICIES INCOME INFORMAL CHANNELS INFRASTRUCTURE DEVELOPMENT INSTRUMENT INTERNATIONAL BANKS INTERNATIONAL TRANSACTIONS ISSUANCE JOB CREATION LABOR FORCE LABOR MARKET LOCAL CURRENCY LOW-INCOME COUNTRIES MARKET COMPETITION MIGRANT MIGRANT DESTINATION COUNTRIES MIGRANT REMITTANCE MIGRANT REMITTANCES MIGRANT TRANSFERS MIGRANT WORKER MIGRANT WORKERS MIGRANT-SENDING COUNTRIES MIGRANTS MIGRATION MINIMUM SALARY MINIMUM WAGE MONETARY FUND MONEY TRANSFER MONEY TRANSFER COMPANIES MONEY TRANSFER OPERATORS NATIONAL LEVEL NATIONALS OIL PRICE OIL PRICES PERSISTENT UNEMPLOYMENT PERSONAL REMITTANCES POST-CRISIS PERIOD POVERTY REDUCTION PROGRESS PURCHASING POWER QUOTAS RATES OF GROWTH RECIPIENT COUNTRIES RECIPIENTS OF REMITTANCES REMITTANCE REMITTANCE CORRIDORS REMITTANCE COSTS REMITTANCE FLOWS REMITTANCE INFLOWS REMITTANCE OUTFLOWS REMITTANCE SERVICES REMITTANCES REMITTANCES FLOWS REMITTANCES REMITTANCES RESERVE RESERVE BANK RETURN SCARCE RESOURCES SEND REMITTANCES SKILLED MIGRANTS SLOWDOWN SOVEREIGN RISK TRANSACTION UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES VALUE OF REMITTANCES VOLUME OF REMITTANCES VULNERABILITY WORLD DEVELOPMENT INDICATORS Officially recorded remittance flows to developing countries are estimated to have reached $351 billion in 2011, up 8 percent over 2010. For the first time since the global financial crisis, remittance flows to all six developing regions rose in 2011. Growth of remittances in 2011 exceeded our earlier expectations in four regions, especially in Europe and Central Asia (due to higher outward flows from Russia that benefited from high oil prices) and Sub-Saharan Africa (due to strong south-south flows and weaker currencies in some countries that attracted larger remittances). By contrast, growth in remittance flows to Latin America and Caribbean was lower than previously expected, due to continuing weakness in the U.S. economy and Spain. Remittance costs have fallen steadily from 8.8 percent in 2008 to 7.3 percent in the third quarter of 2011. However, remittance costs continue to remain high, especially in Africa and in small nations where remittances provide a life line to the poor. 2013-10-16T15:59:57Z 2013-10-16T15:59:57Z 2011-12-01 http://documents.worldbank.org/curated/en/2011/12/16977544/outlook-remittance-flows-2012-14-remittance-flows-developing-countries-exceed-350-billion-2011 https://hdl.handle.net/10986/16182 English en_US Migration and Development Brief;No. 17 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain World Bank, Washington, DC
institution Banco Mundial
collection DSpace
country Estados Unidos
countrycode US
component Bibliográfico
access En linea
databasecode dig-okr
tag biblioteca
region America del Norte
libraryname Biblioteca del Banco Mundial
language English
en_US
topic ABUSE
ASSETS
AVERAGE REMITTANCE
BALANCE OF PAYMENT
BALANCE OF PAYMENTS
BALANCE OF PAYMENTS MANUAL
BALANCE OF PAYMENTS STATISTICS
BOND
BOND ISSUANCE
BONDS
CENTRAL BANK
CENTRAL BANKS
CIVIL CONFLICT
COMMERCIAL BANKS
COMMODITY PRICE
COMPENSATION OF EMPLOYEES
COMPETITIVENESS
COUNTRIES OF ORIGIN
COUNTRY OF ORIGIN
CURRENCY DEPRECIATION
CURRENT POPULATION
DATA ON REMITTANCES
DEBT
DEBT CRISIS
DESTINATION COUNTRY
DEVELOPING COUNTRIES
DEVELOPMENT IMPACT OF REMITTANCES
DIASPORA
ECONOMIC CRISIS
ECONOMIC UNCERTAINTY
EXCHANGE RATES
FINANCIAL CRISIS
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTMENTS
FOREIGN POLICY
FOREIGN STUDENTS
FOREIGN WORKERS
FUTURE REMITTANCES
GLOBAL ECONOMY
GLOBAL REMITTANCES
GROSS DOMESTIC PRODUCT
GROWTH OF REMITTANCES
GROWTH RATE
HIGH-INCOME COUNTRIES
HOME COUNTRIES
HOME COUNTRY
HOME CURRENCY
ILLEGAL IMMIGRATION
IMMIGRANTS
IMMIGRATION
IMMIGRATION POLICIES
INCOME
INFORMAL CHANNELS
INFRASTRUCTURE DEVELOPMENT
INSTRUMENT
INTERNATIONAL BANKS
INTERNATIONAL TRANSACTIONS
ISSUANCE
JOB CREATION
LABOR FORCE
LABOR MARKET
LOCAL CURRENCY
LOW-INCOME COUNTRIES
MARKET COMPETITION
MIGRANT
MIGRANT DESTINATION COUNTRIES
MIGRANT REMITTANCE
MIGRANT REMITTANCES
MIGRANT TRANSFERS
MIGRANT WORKER
MIGRANT WORKERS
MIGRANT-SENDING COUNTRIES
MIGRANTS
MIGRATION
MINIMUM SALARY
MINIMUM WAGE
MONETARY FUND
MONEY TRANSFER
MONEY TRANSFER COMPANIES
MONEY TRANSFER OPERATORS
NATIONAL LEVEL
NATIONALS
OIL PRICE
OIL PRICES
PERSISTENT UNEMPLOYMENT
PERSONAL REMITTANCES
POST-CRISIS PERIOD
POVERTY REDUCTION
PROGRESS
PURCHASING POWER
QUOTAS
RATES OF GROWTH
RECIPIENT COUNTRIES
RECIPIENTS OF REMITTANCES
REMITTANCE
REMITTANCE CORRIDORS
REMITTANCE COSTS
REMITTANCE FLOWS
REMITTANCE INFLOWS
REMITTANCE OUTFLOWS
REMITTANCE SERVICES
REMITTANCES
REMITTANCES FLOWS
REMITTANCES REMITTANCES
RESERVE
RESERVE BANK
RETURN
SCARCE RESOURCES
SEND REMITTANCES
SKILLED MIGRANTS
SLOWDOWN
SOVEREIGN RISK
TRANSACTION
UNEMPLOYMENT
UNEMPLOYMENT RATE
UNEMPLOYMENT RATES
VALUE OF REMITTANCES
VOLUME OF REMITTANCES
VULNERABILITY
WORLD DEVELOPMENT INDICATORS
ABUSE
ASSETS
AVERAGE REMITTANCE
BALANCE OF PAYMENT
BALANCE OF PAYMENTS
BALANCE OF PAYMENTS MANUAL
BALANCE OF PAYMENTS STATISTICS
BOND
BOND ISSUANCE
BONDS
CENTRAL BANK
CENTRAL BANKS
CIVIL CONFLICT
COMMERCIAL BANKS
COMMODITY PRICE
COMPENSATION OF EMPLOYEES
COMPETITIVENESS
COUNTRIES OF ORIGIN
COUNTRY OF ORIGIN
CURRENCY DEPRECIATION
CURRENT POPULATION
DATA ON REMITTANCES
DEBT
DEBT CRISIS
DESTINATION COUNTRY
DEVELOPING COUNTRIES
DEVELOPMENT IMPACT OF REMITTANCES
DIASPORA
ECONOMIC CRISIS
ECONOMIC UNCERTAINTY
EXCHANGE RATES
FINANCIAL CRISIS
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTMENTS
FOREIGN POLICY
FOREIGN STUDENTS
FOREIGN WORKERS
FUTURE REMITTANCES
GLOBAL ECONOMY
GLOBAL REMITTANCES
GROSS DOMESTIC PRODUCT
GROWTH OF REMITTANCES
GROWTH RATE
HIGH-INCOME COUNTRIES
HOME COUNTRIES
HOME COUNTRY
HOME CURRENCY
ILLEGAL IMMIGRATION
IMMIGRANTS
IMMIGRATION
IMMIGRATION POLICIES
INCOME
INFORMAL CHANNELS
INFRASTRUCTURE DEVELOPMENT
INSTRUMENT
INTERNATIONAL BANKS
INTERNATIONAL TRANSACTIONS
ISSUANCE
JOB CREATION
LABOR FORCE
LABOR MARKET
LOCAL CURRENCY
LOW-INCOME COUNTRIES
MARKET COMPETITION
MIGRANT
MIGRANT DESTINATION COUNTRIES
MIGRANT REMITTANCE
MIGRANT REMITTANCES
MIGRANT TRANSFERS
MIGRANT WORKER
MIGRANT WORKERS
MIGRANT-SENDING COUNTRIES
MIGRANTS
MIGRATION
MINIMUM SALARY
MINIMUM WAGE
MONETARY FUND
MONEY TRANSFER
MONEY TRANSFER COMPANIES
MONEY TRANSFER OPERATORS
NATIONAL LEVEL
NATIONALS
OIL PRICE
OIL PRICES
PERSISTENT UNEMPLOYMENT
PERSONAL REMITTANCES
POST-CRISIS PERIOD
POVERTY REDUCTION
PROGRESS
PURCHASING POWER
QUOTAS
RATES OF GROWTH
RECIPIENT COUNTRIES
RECIPIENTS OF REMITTANCES
REMITTANCE
REMITTANCE CORRIDORS
REMITTANCE COSTS
REMITTANCE FLOWS
REMITTANCE INFLOWS
REMITTANCE OUTFLOWS
REMITTANCE SERVICES
REMITTANCES
REMITTANCES FLOWS
REMITTANCES REMITTANCES
RESERVE
RESERVE BANK
RETURN
SCARCE RESOURCES
SEND REMITTANCES
SKILLED MIGRANTS
SLOWDOWN
SOVEREIGN RISK
TRANSACTION
UNEMPLOYMENT
UNEMPLOYMENT RATE
UNEMPLOYMENT RATES
VALUE OF REMITTANCES
VOLUME OF REMITTANCES
VULNERABILITY
WORLD DEVELOPMENT INDICATORS
spellingShingle ABUSE
ASSETS
AVERAGE REMITTANCE
BALANCE OF PAYMENT
BALANCE OF PAYMENTS
BALANCE OF PAYMENTS MANUAL
BALANCE OF PAYMENTS STATISTICS
BOND
BOND ISSUANCE
BONDS
CENTRAL BANK
CENTRAL BANKS
CIVIL CONFLICT
COMMERCIAL BANKS
COMMODITY PRICE
COMPENSATION OF EMPLOYEES
COMPETITIVENESS
COUNTRIES OF ORIGIN
COUNTRY OF ORIGIN
CURRENCY DEPRECIATION
CURRENT POPULATION
DATA ON REMITTANCES
DEBT
DEBT CRISIS
DESTINATION COUNTRY
DEVELOPING COUNTRIES
DEVELOPMENT IMPACT OF REMITTANCES
DIASPORA
ECONOMIC CRISIS
ECONOMIC UNCERTAINTY
EXCHANGE RATES
FINANCIAL CRISIS
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTMENTS
FOREIGN POLICY
FOREIGN STUDENTS
FOREIGN WORKERS
FUTURE REMITTANCES
GLOBAL ECONOMY
GLOBAL REMITTANCES
GROSS DOMESTIC PRODUCT
GROWTH OF REMITTANCES
GROWTH RATE
HIGH-INCOME COUNTRIES
HOME COUNTRIES
HOME COUNTRY
HOME CURRENCY
ILLEGAL IMMIGRATION
IMMIGRANTS
IMMIGRATION
IMMIGRATION POLICIES
INCOME
INFORMAL CHANNELS
INFRASTRUCTURE DEVELOPMENT
INSTRUMENT
INTERNATIONAL BANKS
INTERNATIONAL TRANSACTIONS
ISSUANCE
JOB CREATION
LABOR FORCE
LABOR MARKET
LOCAL CURRENCY
LOW-INCOME COUNTRIES
MARKET COMPETITION
MIGRANT
MIGRANT DESTINATION COUNTRIES
MIGRANT REMITTANCE
MIGRANT REMITTANCES
MIGRANT TRANSFERS
MIGRANT WORKER
MIGRANT WORKERS
MIGRANT-SENDING COUNTRIES
MIGRANTS
MIGRATION
MINIMUM SALARY
MINIMUM WAGE
MONETARY FUND
MONEY TRANSFER
MONEY TRANSFER COMPANIES
MONEY TRANSFER OPERATORS
NATIONAL LEVEL
NATIONALS
OIL PRICE
OIL PRICES
PERSISTENT UNEMPLOYMENT
PERSONAL REMITTANCES
POST-CRISIS PERIOD
POVERTY REDUCTION
PROGRESS
PURCHASING POWER
QUOTAS
RATES OF GROWTH
RECIPIENT COUNTRIES
RECIPIENTS OF REMITTANCES
REMITTANCE
REMITTANCE CORRIDORS
REMITTANCE COSTS
REMITTANCE FLOWS
REMITTANCE INFLOWS
REMITTANCE OUTFLOWS
REMITTANCE SERVICES
REMITTANCES
REMITTANCES FLOWS
REMITTANCES REMITTANCES
RESERVE
RESERVE BANK
RETURN
SCARCE RESOURCES
SEND REMITTANCES
SKILLED MIGRANTS
SLOWDOWN
SOVEREIGN RISK
TRANSACTION
UNEMPLOYMENT
UNEMPLOYMENT RATE
UNEMPLOYMENT RATES
VALUE OF REMITTANCES
VOLUME OF REMITTANCES
VULNERABILITY
WORLD DEVELOPMENT INDICATORS
ABUSE
ASSETS
AVERAGE REMITTANCE
BALANCE OF PAYMENT
BALANCE OF PAYMENTS
BALANCE OF PAYMENTS MANUAL
BALANCE OF PAYMENTS STATISTICS
BOND
BOND ISSUANCE
BONDS
CENTRAL BANK
CENTRAL BANKS
CIVIL CONFLICT
COMMERCIAL BANKS
COMMODITY PRICE
COMPENSATION OF EMPLOYEES
COMPETITIVENESS
COUNTRIES OF ORIGIN
COUNTRY OF ORIGIN
CURRENCY DEPRECIATION
CURRENT POPULATION
DATA ON REMITTANCES
DEBT
DEBT CRISIS
DESTINATION COUNTRY
DEVELOPING COUNTRIES
DEVELOPMENT IMPACT OF REMITTANCES
DIASPORA
ECONOMIC CRISIS
ECONOMIC UNCERTAINTY
EXCHANGE RATES
FINANCIAL CRISIS
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTMENTS
FOREIGN POLICY
FOREIGN STUDENTS
FOREIGN WORKERS
FUTURE REMITTANCES
GLOBAL ECONOMY
GLOBAL REMITTANCES
GROSS DOMESTIC PRODUCT
GROWTH OF REMITTANCES
GROWTH RATE
HIGH-INCOME COUNTRIES
HOME COUNTRIES
HOME COUNTRY
HOME CURRENCY
ILLEGAL IMMIGRATION
IMMIGRANTS
IMMIGRATION
IMMIGRATION POLICIES
INCOME
INFORMAL CHANNELS
INFRASTRUCTURE DEVELOPMENT
INSTRUMENT
INTERNATIONAL BANKS
INTERNATIONAL TRANSACTIONS
ISSUANCE
JOB CREATION
LABOR FORCE
LABOR MARKET
LOCAL CURRENCY
LOW-INCOME COUNTRIES
MARKET COMPETITION
MIGRANT
MIGRANT DESTINATION COUNTRIES
MIGRANT REMITTANCE
MIGRANT REMITTANCES
MIGRANT TRANSFERS
MIGRANT WORKER
MIGRANT WORKERS
MIGRANT-SENDING COUNTRIES
MIGRANTS
MIGRATION
MINIMUM SALARY
MINIMUM WAGE
MONETARY FUND
MONEY TRANSFER
MONEY TRANSFER COMPANIES
MONEY TRANSFER OPERATORS
NATIONAL LEVEL
NATIONALS
OIL PRICE
OIL PRICES
PERSISTENT UNEMPLOYMENT
PERSONAL REMITTANCES
POST-CRISIS PERIOD
POVERTY REDUCTION
PROGRESS
PURCHASING POWER
QUOTAS
RATES OF GROWTH
RECIPIENT COUNTRIES
RECIPIENTS OF REMITTANCES
REMITTANCE
REMITTANCE CORRIDORS
REMITTANCE COSTS
REMITTANCE FLOWS
REMITTANCE INFLOWS
REMITTANCE OUTFLOWS
REMITTANCE SERVICES
REMITTANCES
REMITTANCES FLOWS
REMITTANCES REMITTANCES
RESERVE
RESERVE BANK
RETURN
SCARCE RESOURCES
SEND REMITTANCES
SKILLED MIGRANTS
SLOWDOWN
SOVEREIGN RISK
TRANSACTION
UNEMPLOYMENT
UNEMPLOYMENT RATE
UNEMPLOYMENT RATES
VALUE OF REMITTANCES
VOLUME OF REMITTANCES
VULNERABILITY
WORLD DEVELOPMENT INDICATORS
Mohapatra, Sanket
Ratha, Dilip
Silwal, Ani
Outlook for Remittance Flows 2012-14 : Remittance Flows to Developing Countries Exceed $350 Billion in 2011
description Officially recorded remittance flows to developing countries are estimated to have reached $351 billion in 2011, up 8 percent over 2010. For the first time since the global financial crisis, remittance flows to all six developing regions rose in 2011. Growth of remittances in 2011 exceeded our earlier expectations in four regions, especially in Europe and Central Asia (due to higher outward flows from Russia that benefited from high oil prices) and Sub-Saharan Africa (due to strong south-south flows and weaker currencies in some countries that attracted larger remittances). By contrast, growth in remittance flows to Latin America and Caribbean was lower than previously expected, due to continuing weakness in the U.S. economy and Spain. Remittance costs have fallen steadily from 8.8 percent in 2008 to 7.3 percent in the third quarter of 2011. However, remittance costs continue to remain high, especially in Africa and in small nations where remittances provide a life line to the poor.
topic_facet ABUSE
ASSETS
AVERAGE REMITTANCE
BALANCE OF PAYMENT
BALANCE OF PAYMENTS
BALANCE OF PAYMENTS MANUAL
BALANCE OF PAYMENTS STATISTICS
BOND
BOND ISSUANCE
BONDS
CENTRAL BANK
CENTRAL BANKS
CIVIL CONFLICT
COMMERCIAL BANKS
COMMODITY PRICE
COMPENSATION OF EMPLOYEES
COMPETITIVENESS
COUNTRIES OF ORIGIN
COUNTRY OF ORIGIN
CURRENCY DEPRECIATION
CURRENT POPULATION
DATA ON REMITTANCES
DEBT
DEBT CRISIS
DESTINATION COUNTRY
DEVELOPING COUNTRIES
DEVELOPMENT IMPACT OF REMITTANCES
DIASPORA
ECONOMIC CRISIS
ECONOMIC UNCERTAINTY
EXCHANGE RATES
FINANCIAL CRISIS
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTMENTS
FOREIGN POLICY
FOREIGN STUDENTS
FOREIGN WORKERS
FUTURE REMITTANCES
GLOBAL ECONOMY
GLOBAL REMITTANCES
GROSS DOMESTIC PRODUCT
GROWTH OF REMITTANCES
GROWTH RATE
HIGH-INCOME COUNTRIES
HOME COUNTRIES
HOME COUNTRY
HOME CURRENCY
ILLEGAL IMMIGRATION
IMMIGRANTS
IMMIGRATION
IMMIGRATION POLICIES
INCOME
INFORMAL CHANNELS
INFRASTRUCTURE DEVELOPMENT
INSTRUMENT
INTERNATIONAL BANKS
INTERNATIONAL TRANSACTIONS
ISSUANCE
JOB CREATION
LABOR FORCE
LABOR MARKET
LOCAL CURRENCY
LOW-INCOME COUNTRIES
MARKET COMPETITION
MIGRANT
MIGRANT DESTINATION COUNTRIES
MIGRANT REMITTANCE
MIGRANT REMITTANCES
MIGRANT TRANSFERS
MIGRANT WORKER
MIGRANT WORKERS
MIGRANT-SENDING COUNTRIES
MIGRANTS
MIGRATION
MINIMUM SALARY
MINIMUM WAGE
MONETARY FUND
MONEY TRANSFER
MONEY TRANSFER COMPANIES
MONEY TRANSFER OPERATORS
NATIONAL LEVEL
NATIONALS
OIL PRICE
OIL PRICES
PERSISTENT UNEMPLOYMENT
PERSONAL REMITTANCES
POST-CRISIS PERIOD
POVERTY REDUCTION
PROGRESS
PURCHASING POWER
QUOTAS
RATES OF GROWTH
RECIPIENT COUNTRIES
RECIPIENTS OF REMITTANCES
REMITTANCE
REMITTANCE CORRIDORS
REMITTANCE COSTS
REMITTANCE FLOWS
REMITTANCE INFLOWS
REMITTANCE OUTFLOWS
REMITTANCE SERVICES
REMITTANCES
REMITTANCES FLOWS
REMITTANCES REMITTANCES
RESERVE
RESERVE BANK
RETURN
SCARCE RESOURCES
SEND REMITTANCES
SKILLED MIGRANTS
SLOWDOWN
SOVEREIGN RISK
TRANSACTION
UNEMPLOYMENT
UNEMPLOYMENT RATE
UNEMPLOYMENT RATES
VALUE OF REMITTANCES
VOLUME OF REMITTANCES
VULNERABILITY
WORLD DEVELOPMENT INDICATORS
author Mohapatra, Sanket
Ratha, Dilip
Silwal, Ani
author_facet Mohapatra, Sanket
Ratha, Dilip
Silwal, Ani
author_sort Mohapatra, Sanket
title Outlook for Remittance Flows 2012-14 : Remittance Flows to Developing Countries Exceed $350 Billion in 2011
title_short Outlook for Remittance Flows 2012-14 : Remittance Flows to Developing Countries Exceed $350 Billion in 2011
title_full Outlook for Remittance Flows 2012-14 : Remittance Flows to Developing Countries Exceed $350 Billion in 2011
title_fullStr Outlook for Remittance Flows 2012-14 : Remittance Flows to Developing Countries Exceed $350 Billion in 2011
title_full_unstemmed Outlook for Remittance Flows 2012-14 : Remittance Flows to Developing Countries Exceed $350 Billion in 2011
title_sort outlook for remittance flows 2012-14 : remittance flows to developing countries exceed $350 billion in 2011
publisher World Bank, Washington, DC
publishDate 2011-12-01
url http://documents.worldbank.org/curated/en/2011/12/16977544/outlook-remittance-flows-2012-14-remittance-flows-developing-countries-exceed-350-billion-2011
https://hdl.handle.net/10986/16182
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AT rathadilip outlookforremittanceflows201214remittanceflowstodevelopingcountriesexceed350billionin2011
AT silwalani outlookforremittanceflows201214remittanceflowstodevelopingcountriesexceed350billionin2011
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