Migrant remittances provide a lifeline to the poor in many countries. Migration and remittances will continue to increase with globalization. The policy agenda on remittances and that on migration overlap a great deal, but the overlap is not complete. Remittances provide the most tangible and least controversial link between migration and development. They can play an effective role in reducing poverty, and they provide a convenient angle for approaching the complex migration agenda.
|Only pedestrians and bikes are allowed on Pingyao's main street.|
According to the Bank's recently published Migration and Remittances Factbook, the Top 10 remittance recipients in East Asia & Pacific in 2007 were: China ($25.7 bn), Philippines ($17.0 bn), Indonesia ($6.0 bn), Vietnam ($5.0 bn), Thailand ($1.7 bn), Malaysia ($1.7 bn), Cambodia ($0.3 bn), Mongolia ($0.2 bn), Fiji ($0.2 bn), Myanmar ($0.1 bn).