In order to provide an ownership structure in Pakistan for remittance facilitation, State Bank of Pakistan (the central bank), Ministry of Overseas Pakistanis and Ministry of Finance launched a joint initiative called Pakistan Remittance Initiative (PRI) in early 2009. This initiative has been taken to achieve the objectives of (a) facilitating and supporting efficient flow of workers’ remittances and (b) catering for other financial services needs of Overseas Pakistanis and their families back home.
Thank you to all who attended yesterday’s live seminar/webinar on the ‘Latest Trends in Migration and Remittance Flows Worldwide’. The session focused on the continued resilience of remittance flows to the developing world, and globally, despite the continued fallout from the global financial crisis. In my presentation, I reported on the latest trends in remittances and migration flows and discuss a new World Bank initiative on migration and development, the Global Knowledge Partnership on Migration and Development (KNOMAD).
Many of you have requested a copy of my powerpoint presentation from the session, so here it is.
This is the second in our series of posts by graduate students on the job market this year.
This is the first in this year’s series of posts by PhD students on the job market.
On Nov. 7, 2012, a motorboat carrying 110 illegal immigrants heading for Malaysia capsized in the Bay of Bengal close to Bangladesh’s southeastern border with Myanmar. This tragedy came less than a fortnight after a boat with more than 135 passengers capsized in the same area. “Boat capsized with illegal immigrants from Bangladesh” is a recurring story, with Thailand, Malaysia, and other Southeast Asian countries the destinations of illegal work seekers. What makes Bangladeshis resort to such extreme methods of migration?
We have issued the latest Migration and Development Brief, which includes the latest estimates for remittances in 2012 and projections up to 2015.
As our estimates for 2012 show, international migrants are weathering the effects of the ongoing global economic crisis and are on track to remit $406 billion in savings to their families in developing countries this year.
We expect remittances to developing countries to continue growing over the near term by an estimated 7.9 percent in 2013, 10.1 percent in 2014 and 10.7 percent in 2015 to reach $534 billion in 2015.
It is a pleasure to receive the inaugural issue of a new journal Migration and Development published by Routledge. While many journals are publishing articles on migration and development and a few are exclusively dedicated to the topic of migration, this new journal has the potential to comprehensively introduce more development into the discussions of migration issues. The journal includes articles written bypolitical scientists, sociologists, anthropologists and economists - a welcome feature for policy makers and stakeholders. I also liked the fact that the first issue of the journal has articles on internal migration (in India) and on migration to the Gulf region - both these topics are important and yet relevant data are hard to come by.
Here is a funny take on migrant integration by comic Maz Jobrani, an Iranian-American and a founding member of the Axis of Evil Comedy Tour. Have a great weekend!
What if “best practice” policy did not exist, and a policy maker just went ahead and implemented one? In doing so, would (s)he run the risks associated with inferences drawn from an empty set? For example, “nothing is better than eternal happiness; a ham sandwich is better than nothing; therefore, a ham sandwich is better than eternal happiness”?