Remittance defies projections of a massive drop

September 1, 2020September 1, 2020 Central Asia, Migrants, remittances, unemployment

Remittance inflows dropped by a marginal 0.5 percent in the last fiscal year that ended mid-July, despite popular labour markets

ADB economists:C-19 is a serious blow to remittances

July 14, 2020July 14, 2020 Central Asia, economy, labour, Migrants, remittances

The pandemic has created an unprecedented crisis for overseas workers and the remittances they send home. But with the right

From Russia with love – Remittances are a good thing, except when they stop

January 14, 2016July 9, 2016 Caucasus, Central Asia, GDP, oil, remittances, Russia

Debt crises, capital flight and corruption are all familiar problems for poor countries trying to finance their development. A bulwark, say some, is remittances: money sent home by migrants, worth $580 billion in 2014. Unlike portfolio flows, which tend to flee at the first sign of trouble, remittances usually increase in tough times.