Spain’s economic crisis: as seen through remittance flows
Friday, 03 May 2013 08:32
Source: Financial Times
Spain's economic crisis is writ large in the Inter-American Development Bank's latest statistics on remittance flows to Latin America.
For years, thousands of Bolivians, Ecuadoreans and Colombians have been among those to seek work in Spain, legally or illegally. Whether young educated professionals, or poor maids, cleaners and construction labourers, these workers could see the advantages of saving Euros that would magically multiply back home into pesos or dollars or bolivianos.
India top destination of remittances from Qatar
Friday, 03 May 2013 08:21
Source: News Track India
India topped the list of countries to which remittances have been sent by expatriate workers in Qatar in the period 2006-2012, according to a new report.
The annual report of the Qatar Chamber, the representative body of the private sector in that Gulf nation, said that of the $60 billion remitted by foreign workers in the period, 54 percent went to Asian nations with India leading the pack and the Philippines following, The Peninsula newspaper reported Thursday.
Remittances to Mexico fall nearly 15 pct in March
Friday, 03 May 2013 08:06
Source: Global Post
Remittances sent by Mexicans living abroad fell 14.7 percent to $1.78 billion in March, compared to the same month in 2012, the Bank of Mexico said Thursday.
March marked the 9th consecutive month that remittances have fallen, the central bank said.
Africans' remittances outweigh Western aid
Tuesday, 30 April 2013 07:26
Source: BBC News
By: Mark Doyle
Africans are helping themselves more than aid workers are, according to new research.
Analysis of cash flows by Hong Kong-based Ghanaian academic Adams Bodomo shows that Africans living outside the continent send more money home to their families than is sent by traditional Western aid donors in what is called Official Development Assistance (ODA).
In 2010 - the most recent year for which meaningful comparisons can be made, according to Mr Bodomo - the African diaspora remitted $51.8bn (£34bn) to the continent.