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The World Region

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

Dilip Ratha's picture
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

Dilip Ratha's picture
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.

How do you plan relocations to protect people from the effects of natural disasters and climate change?

Elizabeth Ferris's picture
Governments have a responsibility to protect their people, including from disasters and the effects of climate change.  Sometimes that means relocating them to safer areas.  Given that the effects of climate change, exacerbated by settlement patterns and pre-existing vulnerabilities, it seems likely that more people will have to be moved from their original habitats in the future. Millions have been uprooted in the past month from massive floods in places as divergent as South Asia and South Texas.

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

Dilip Ratha's picture
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.

Trends in Remittances, 2016: A New Normal of Slow Growth

Dilip Ratha's picture
Against a backdrop of tepid global growth, remittance flows to low and middle income countries (LMICs) seem to have entered a “new normal” of slow growth. In 2016, remittance flows to LMICs are projected to reach $442 billion, marking an increase of 0.8 percent over 2015 (figure 1 and table 1). The modest recovery in 2016 is largely driven by the increase in remittance flows to Latin America and the Caribbean on the back of a stronger economy in the United States; by contrast remittance flows to all other developing regions either declined or recorded a deceleration in growth.  

Call for papers: Development policies that facilitate internal migration

Dilip Ratha's picture

BACKGROUND
The World Bank’s the Global Knowledge Partnership on Migration and Development (KNOMAD) program is a global hub of knowledge and policy expertise on migration and development issues. Among 13 TWGs, the Thematic Working Group on Internal Migration and Urbanization (TWG 12) aims to better understand the relationship between internal migration and development including rural/urban development, by identifying good practices that help develop sustainable livelihoods, create jobs in rural and urban areas and increase connectivity between rural and urban areas, while leveraging the migration process for poverty reduction and development. In this context, this call for papers aims to bring researchers to analyze and evaluate development policies which have influenced the outcome of internal migration, for migrants and their families, as well as for migrant host and sending communities.
 

Humanitarians working on cash transfer and remittance researchers need to work together

Kevin Savage's picture
I had the pleasure of attending a workshop organized by KNOMAD at which a cross-disciplinary group of researchers (economics, anthropology, law, health, finance) came together to consider how to strengthen the evidence base of understanding remittances to and from refugees and IDPs.

How do we measure impacts of refugees and IDPs on host countries and host communities?

Kirsten Schuettler's picture

Nearly 60 million persons were forcibly displaced worldwide due to conflict and persecution at the end of 2014—the highest number since World War II. Forced displacement is not only a humanitarian issue, but also has important economic, social, political, and environmental impacts on the places of origin and destination. The development impacts of forced displacement, however, remain poorly understood. There is very limited work to date on the socioeconomic impact of refugees on host and regional economies. Social scientists have largely neglected these important policy and conceptual challenges, in contrast to the countless qualitative studies on refugee livelihoods. As the number of protracted displacement situations is increasing, the lack of rigorous impact assessments is a major gap that needs to be filled. Recently, a number of calls for proposals on the topic have been issued and case studies have been undertaken by the World Bank, UNHCR, independent researchers, and other actors. Efforts have also been made to develop a coherent methodology on how to measure the impacts of forced displacement.

Worldwide Remittance Flows updated to $483 billion for 2011

Dilip Ratha's picture

We have updated the data on worldwide remittance flows -  including flows to developing countries and high income countries - to $483 billion in 2011. Of this, developing countries received $351 billion in 2011.  Worldwide remittance flows are expected to reach $593 billion in 2014.

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