Last October, I wrote a blog on the closing of bank accounts of money transfer operators in Australia.  I reported that “Westpac would close the bank accounts of MTOs serving Somalia by the end of…

Sonia Plaza |

As I mentioned in my previous blog, a renewed focus on Anti Money Laundering and Combatting the Financing of Terrorism (AML-CFT) regulations in Australia, the UK, and in the USA are impacting…

Sonia Plaza |

Migrant workers sent $6.77 billion home to Bangladesh in July-December, down 8.41% from the same time a year ago. For the first time in recent memory, Bangladesh has experienced a decline in…

Zahid Hussain |

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…

Dilip Ratha |

The recent negotiations between Philippines and Saudi Arabia about the minimum living wages for migrant workers have resulted in a stalemate. Philippines is demanding a minimum wage of $400 per…

Sanket Mohapatra |

The very name “brain drain” suggests that high-skilled migration can be nothing but bad for developing countries. Indeed, the prospect of a harmful effect of brain drain is often one of the first…

David McKenzie |

When I recently traveled to Addis Ababa, Ethiopia, I spoke with several government officials in the Ministry of Labour and Social Affairs who told me about the many problems encountered by their…

Neil Ruiz |

Latin America and Caribbean: Remittances to Mexico declined 35.8% y-o-y in October. Year-to-date decline is 16.5%. Remittances to Colombia declined 19.5% y-o-y in October. Year-to-date decline is…

Ani Silwal |

Updates to monthly remittances data Remittances to Guatemala declined 10.9% y-o-y in October. Year-to-date decline is 9.9%. Remittances to El Salvador declined 7.1% y-o-y in October. Year-to-date…

Ani Silwal |

I've just returned from country Australia evaluating the impact of one of the World Bank's (WB) recent development programs in the region. A WB initiative on the ground in Australia?…

Tomas Martin Ernst |