According to the World Bank, remittance flows to Sub Saharan African countries will drop by 23.1% from $48 billion inRead more
Source: DEVEX IMPACT
by Adva Saldinger 05 February 2015
Diaspora populations have long sent money back to their countries of origin in the form of remittances. Now, a new initiative led by the U.S. Agency for International Development and the Calvert Foundation seeks to tap that capital and put it to work more strategically.
Envision the world economy as a complex, interconnected array of financial engines whose propulsion helps reinforce one another’s momentum. One of the component engines is a small but significant one that, until a few years ago, was not recognised for the powerful contribution it makes to the global financial system.
Date: 27 December 2014
Source: The Borneo Post
The Philippine central bank is allowing record Christmas remittances from overseas workers to give the peso shelter during a global selloff. The currency gained 0.9 per cent against the dollar this quarter in Asia’s best performance, after an unprecedented US$19.9 billion of remittances in the first 10 months.
Your are here » Home » Business News Diaspora remittances in relative increase, hit Sh10.2b in March Updated Wednesday, May 14th 2014 at 21:43 GMT +3 0 inShare By Nicholas Waitathu Kenya: Remittances from Kenyans in the Diaspora increased by 16 per cent to Sh10.2 billion ($119.6 million) in March compared to Sh8.8 billion the same period last year.Read more
Personal remittances continued to rise in March, registering a 6.9-percent growth to $2.1 billion from a year ago due to robust remittance flows from both land and sea-based overseas Filipino workers, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
This brought the cumulative remittances for the first three months of the year to $6.085 billion.