Migrants have received heightened
international recognition from the development community in
recent times. New World Bank estimates on the volume of
remittances show that documented remittance flows continue
to increase at a rapid rate, putting global annual flows at
US$88 billion for 2002 (revised up from earlier estimates of
US$80 billion reported in the 2003 World Bank Global
Development Report) and projecting $90 billion for 2003,
based on trends in the first half of the year. Actual
figures are generally accepted to be much higher. This means
that remittance flows constitute the largest source of
financial flows to developing countries after Foreign Direct
Investment (FDI), and indeed in many countries exceed FDI flows.
Bibliographic Details
| Main Authors: |
Sander, Cersten,
Mainbo, Samuel Munzele |
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| Language: | English |
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| Published: |
World Bank, Washington, DC
2005-02
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| Subjects: | ACCOUNT,
ACCOUNTS,
AGRICULTURE,
BANKS,
BONDS,
CAPITAL FLOWS,
CAPITAL FORMATION,
CHANNELS,
COLLATERAL,
CURRENCY,
DIRECT INVESTMENT,
EAST AFRICA,
ECONOMIC DEVELOPMENT,
EMERGING MARKETS,
EURO,
EXCHANGE TRANSACTIONS,
EXPOSURE,
EXTERNAL FINANCING,
FINANCIAL FLOWS,
FINANCIAL INDUSTRY,
FINANCIAL INFRASTRUCTURE,
FINANCIAL MARKETS,
FINANCIAL PRODUCTS,
FINANCIAL SECTOR,
FINANCIAL SERVICES,
FINANCIAL SYSTEMS,
FOREIGN CURRENCY,
FOREIGN EXCHANGE,
FOREIGN EXCHANGE CONTROLS,
FOREIGN EXCHANGE EXPOSURE,
FOREIGN EXCHANGE TRANSACTIONS,
INCOME,
INFORMATION ASYMMETRIES,
MATCHING,
MATCHING GRANTS,
MATURITY,
MIDDLE EAST,
MIGRATION,
MONETARY POLICIES,
MONEY TRANSFERS,
MORTGAGES,
NORTH AFRICA,
POINT,
SAVINGS,
SECURITIES,
SERVICE DELIVERY,
SERVICE PROVIDERS,
TAXATION,
TRANSPARENCY, |
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| Online Access: | http://documents.worldbank.org/curated/en/2005/02/5641004/migrant-labor-remittances-africa-reducing-obstacles-developmental-contributions
https://hdl.handle.net/10986/9672
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