Migrant Labor Remittances in Africa : Reducing Obstacles to Developmental Contributions

Sander, Cersten; Mainbo, Samuel Munzele

Migrant Labor Remittances in Africa : Reducing Obstacles to Developmental Contributions

2005

Sander, Cersten | Mainbo, Samuel Munzele

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.

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Mots clés AGROVOC

accounts agriculture banks capital formation channels east africa economic development income maturity middle east migration monetary policies mortgages north africa point savings taxation

Informations bibliographiques

Editeur

World Bank, Washington, DC

D'autres materias

Emerging markets; Foreign exchange transactions; Financial infrastructure; Matching; Currency; Money transfers; Direct investment; Financial products; Financial flows; Service delivery; Capital flows; Transparency; Foreign exchange; Information asymmetries; Account; Financial services; Collateral; Financial systems; Financial markets; Foreign currency; Matching grants; Service providers; Foreign exchange exposure; Financial sector; Euro; Financial industry; Foreign exchange controls; Securities; Exposure; Bonds; External financing; Exchange transactions

Licence

Africa Region Findings & Good Practice Infobriefs; No. 247http://creativecommons.org/licenses/by/3.0/World BankCC BY 3.0 Unported

Source

Africa Region Findings & Good Practice Infobriefs; No. 247

Sur AGRIS depuis: 2014-09-15

Format: AGRIS AP

Fournisseur de données

Cette notice bibliographique a été fournie par World Bank

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Liens

http://hdl.handle.net/10986/9672

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