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Dilip Ratha's blog

Accelerated remittances growth to low- and middle-income countries in 2018

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On the back of stronger growth in remittance-sending economies, remittance flows to low- and middle-income countries are expected to reach a new record of $528 billion in 2018, an increase of 10.8 percent from last year, according to the World Bank’s Migration and Development Brief released today.
 

The Global Compact on Migration from a development perspective – views from a Meeting of Experts

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This week, the fourth round of negotiations for the Global Compact on Migration (GCM) is taking place in New York. These negotiations will lead up to the intergovernmental conference to be held in December 2018 in Morocco. As a contribution to this process of negotiations, in mid-2017, KNOMAD organized an invitation-only Experts Meeting.

Record high remittances to low- and middle-income countries in 2017

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The World Bank’s latest Migration and Development Brief shows that officially recorded remittances to developing countries touched a new record—$466 billion in 2017, up 8.5 percent over 2016. The countries that saw the highest inflow in remittances were India with $69 billion, followed by China ($64 billion), the Philippines ($33 billion), Mexico ($31 billion), Nigeria ($22 billion), and Egypt ($20 billion).

Remittance flows set to recover this year, after two years of decline

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The latest edition of the Migration and Development Brief and an accompanying Press Release have just been launched. Remittances to low- and middle-income countries are on course to recover in 2017 after two consecutive years of decline, says the latest edition of the World Bank’s Migration and Development Brief, released today.

Remittances to developing countries decline for an unprecedented 2nd year in a row

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We just launched the latest edition of the Migration and Development Brief and an accompanying Press Release.
 
Remittances to developing countries decreased by 2.4 percent to an estimated $429 billion in 2016. This is the second consecutive year that remittances have declined. Such a trend has not been seen in the last 30 years. Even during the global financial crisis, remittances contracted only during 2009, bouncing back in the following year.

Call for Proposals: Evaluation of KNOMAD

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The Global Knowledge Partnership on Migration and Development (KNOMAD) is seeking proposals for an evaluation of its first phase that started in July 2013 (the project end date is June 2018). This end of phase evaluation will assess KNOMAD’s implementation and its operations in relation to the stated objectives (see the <<Terms of Reference>> including professional qualifications). This evaluation should address institutional learning and provide recommendations for the strategic and forward-looking positioning of KNOMAD in the second phase.

Why taxing remittances is a bad idea

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In 2016, migrant remittance flows to developing countries amounted to $440 billion, more than three times the size of official development aid flows. In many countries, remittances are the largest source of foreign exchange. In India and Mexico, they are larger than foreign direct investment; in Egypt, they are larger than the revenue from Suez Canal; and in Pakistan, they are larger than the country’s international reserves.

Migration and Development: A Global Compact on Migration

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In observance of the International Migrants Day, Dec 18

The 9th Global Forum on Migration and Development marked a successful continuation of a global process that addresses one of the most contentious issues in the global development agenda. As States intensify efforts to define the Global Compact on Safe, Orderly, Regular Migration, there is a need to systematically identity core thematic elements, the normative framework, and a process of meetings and negotiations in the run-up to the proposed UN International Conference in 2018.

Request for Proposals: Synthesizing Evidence to Understand if Remittances Reach the Poorest; Its Impact on Resilience of the Poorest; and Lessons Learned in the Context of Climate Change

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The Climate Policy Team of the World Bank in partnership with the Global Knowledge Partnership on Migration and Development (KNOMAD) is commissioning a paper in above mentioned topic. This paper will inform the work underway in a flagship report on “Climate Change, Migration and Securing Resilience” being led by the Climate Policy Team.

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