Remittances Gateway
Amid a backdrop of weak global growth, remittances to developing countries are expected to increase only slightly in 2016, says
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Africa’s postal services regulator, UPU, has stressed on the need for member states to employ financial inclusion ensure that the
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The World Bank and the Federal Government of Somalia are working together to help support the flow of remittances to
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While remittances to developing countries overall edged up slightly in 2015, the World Bank says among geographical regions, Latin America and the Caribbean saw the “most rapid” growth rate in remittances in 2015.
On Wednesday, the Washington-based financial institution said the region’s 4.8 per cent growth was due to the recovery in labour markets in the United States.
The bank said growth in Latin America and the Caribbean is expected to continue in 2016, albeit at a slower pace.
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Il trasferimento all’estero di denaro non significa anche mancanza di guadagno, a confermarlo sono i dati della Banca Mondiale Le rimesse dei migranti non sono un vantaggio solo per il Paese dove vengono ricevute, ma lo sono anche per l’Unione europea.
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The number of international migrants is expected to surpass 250 million this year, an all-time high, as people search for economic opportunity. And, fast growing developing countries have increasingly become a strong magnet for people from other parts of the developing world.
In a demonstration of their economic footprint, international migrants will send $601 billion to their families in their home countries this year, with developing countries receiving $441 billion, says the Migration and Remittances Factbook 2016, produced by the World Bank Group’s Global Knowledge Partnership on Migration and Development (KNOMAD) initiative.
Two World Bank surveys confirm that large global banks are restricting or terminating relationships with other financial institutions and that banking services for money-transfer operators have become increasingly limited.
The surveys, carried out from April to October 2015, sought to gauge whether large banks are limiting or terminating foreign correspondent banking relationships and closing accounts belonging to money transfer operators.