Global Knowledge Partnership on Migration and Development
Thematic Working Group on Low-skilled Labor Migration
Call for Proposals:
Value Chain Analysis of Migration Cost
In observance of the International Migrants Day, Dec 18
2015 is shaping up to be the year of Financing for Development. Besides official aid and private capital flows – the former expected to run flat, and the latter to remain volatile/cyclical, a few under-exploited financing options are directly connected to international migration.
As much as $100 billion, actually more, could be raised annually via:
Today is International Migrants Day. Who comes to your mind when you read this? Would you think of a football player playing for a club in another country? Or of a German working at the European Commission in Brussels? Even though they live outside their country of birth and are thus migrants per definition, we do not think of them as migrants. Just like a British pensioner living in Spain or a Swiss working for a company in the US, these people are often rather referred to as ‘expats.’
Every year up to 10 million workers leave one country to work in another. Most are legal guest workers, and many arrive in debt to recruiters and other agents who place them in foreign jobs. If 10 million workers pay $1,000 in fees, the business of international labor migration is worth a $10 billion a year, including a large share that flows to agents in destination countries. Cutting migration costs in half would save migrants $5 billion a year.
Call for Papers: 8th International Conference on Migration and Development
World Bank, Washington D.C., June 8-9, 2015.