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Last year, the official amount of remittances in the Phillipines reached US$14.4 billion, more than 10 per cent of the country’s GDP. Thus, the country is now the world’s third highest remittance-recipient country after India and Mexico. But how much do the Philippines pay for the remittances? How do natives […]

This blog is hosted by Dilip Ratha, lead economist at the World Bank. The articles, written primarily by World Bank staff, are devoted to the movement of people, and how migration and the money (remittances) that migrants send home can be leveraged for development. read more

According to the 2007 edition of the Economic and Social Survey (Jamaica), remittances – the leading source of foreign currency inflows to the country – positively influence welfare and poverty reduction. At the same time, they have negatively impacted the family unit and the working-age population. read more

Financial remittances from Somalis living outside the country are an outstanding feature of the Somali economy, and have long been crucial to the economy. Today, the new diaspora in the West has assumed a very important role as a source of remittances to family members in Somalia or in refugee […]

In past years Moldova has become too dependent on the money people from abroad send to the country, experts say. “It’s like living on drugs and it’s called remittances,” says economist Ionita Veaceslav, who works for a social economic think thank IDIS Viitorul in Chisinau. He expects Moldova to be […]