We had an interesting launch event for this volume on July 10th at the World Bank's Infoshop in Washington DC. There have been a number of media reports (see for example the story on Wall Street Journal by Eric Bellman, a Q&A in Mint by Malia Politzer, and another Q&A by Donna Barne). See also related posts on this blog from my co-editors Ibrahim and Jeff on their interventions during the book launch.
Book working title: “Global Migration and Remittances during the Financial Crisis and Beyond”
To be published by the World Bank in Spring 2011
Edited by Ibrahim Sirkeci, Jeffrey H. Cohen, and Dilip Ratha
On September 16 Greece announced that it plans to issue a diaspora bond. In the past the governments of India and Israel have raised over $35 billion dollars, often in times of liquidity crisis. Preliminary estimates suggest that Sub-Saharan African countries can potentially raise $5-10 billion per year by issuing diaspora bonds. Countries that can potentially consider diaspora bonds are Bangladesh, Colombia, El Salvador, Ghana, India, Jamaica, Kenya, Mexico, Morocco, Nepal, Nigeria, Pakistan, Philippines, Romania, Senegal, South Africa, Sri Lanka, Uganda, Zambia, and Zimbabwe (and also Greece, Ireland, Italy, South Korea and Spain).
Migration Letters invites contributions for a special issue on migration, remittances and, financial crisis (edited by Dilip Ratha, World Bank, USA and Ibrahim Sirkeci, Regent’s College London, UK). The current financial crisis is thought to be among the causes of a decline in migration and remittance flows. However, questions about the future impact of the financial crisis on the size and channels of these flows and the resilience of remittances are still to be answered. As migration and remittances have proven to be a lifeline in many developing countries, analyses of these patterns and prospects are therefore in high demand. In this special issue, we aim to bring together a select set of articles focusing on the relationship between financial crisis and global migration and remittance flows, and on the assessment of policy responses in the sending and the receiving countries.
Acabo de realizar una podcast entrevista con Ximena Gutiérrez (coordinadora del sitio web del Banco Mundial en español www.bancomundial.org) sobre cómo la crisis financiera mundial esta impactando a la “diaspora latina”, a la demanda laboral de los trabajadores migrantes y a los flujos de remesas a América Latina.
Zimbabwe's government recently announced a partial dollarization, declaring the U.S dollar and other foreign currencies as legal tender alongside the Zimbabwean dollar in its efforts to fight a crippling hyper-inflation (after announcing the launch of a 100 trillion Zimbabwean dollar note in January).
Chinese President Hu Jintao will visit Mali, Senegal, Tanzania and Mauritius this month to discuss a series of measures to help African countries cushion the impact of the global financial crisis.
A medida que la crisis financiera en el mundo se agudiza algunos países empiezan a tomar medidas en el campo laboral para reducir el número de empleos ofertados a los inmigrantes.