A significant share of Tajikistan’s workforce works outside the country. Photo: Gennadiy Ratushenko / World Bank My colleague Victoria and I had an opportunity recently to meet with students at…

The Financial Times on August 28th carried Nigeria’s request for proposal for potential financial advisers for a $100 million diaspora bond. To my knowledge, after Israel, this is the first…

The side event on diaspora bonds organized during the annual meetings of the World Bank and the IMF attracted significant interest. Senior officials in the Bank considered forming a task force to…

A liberal trade regime is regarded by most economists as being necessary for sustainable economic growth and poverty reduction over the long term. One of the main reasons for this is that trade…

  Photo © iStockphoto.com The Russian economy suffered a double blow in 2008; first from the drop in world crude oil prices and secondly from a reversal of capital account inflows. The fall in…

Remittance flows to several Central Asian countries appear to be declining precipitously in the first half of this year, raising concerns that these flows are less resilient in the Europe and…