World Bank Survey on key drivers and outcomes of banks “derisking” activities in G20 member countries

During the last few months the WBG, experts and other civil society groups have noted increasing anecdotal reports of banks’ “derisking” activities, including in relation to MTOs that provide international remittance services. Such evidence is currently not backed by substantiated, verified and comprehensive data on the drivers and the effects of this phenomenon.

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BofA ends free money transfers to sites in Mexico

Bank of America has quietly discontinued a program that allowed customers to transfer money to friends and family in Mexico for free.
The SafeSend program, started in 2003, was regarded as one of the lowest-cost options for international money transfers, also known as remittances. But the program failed to catch on in a market dominated by companies such as Western Union and MoneyGram.

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Prospects of exporting agri-labourers abroad

Since the last few decades Bangladesh has been achieving a steady growth. This steady but significant growth rate is mainly based on the remittance the country is earning through its
expatriate workers. Immediately after the present government came to power, the country was passing through a barren period of labour migration and we experienced a continuous fall of labour market. Even many countries sent back Bangladeshi workers. Recently there has been a significant achievement especially with the recent deal of exporting five hundred thousand labourers to Malaysia in next 5 years.

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Prospects of exporting agri-labourers abroad

Since the last few decades Bangladesh has been achieving a steady growth. This steady but significant growth rate is mainly based on the remittance the country is earning through its
expatriate workers. Immediately after the present government came to power, the country was passing through a barren period of labour migration and we experienced a continuous fall of labour market. Even many countries sent back Bangladeshi workers. Recently there has been a significant achievement especially with the recent deal of exporting five hundred thousand labourers to Malaysia in next 5 years.

Read more