Dilip Ratha's blog
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.
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.
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.