As mentioned in my earlier post, our Brief outlining the revised outlook for remittances has drawn a lot of interest, from market players, analysts, policy wonks, and the media. The Financial Times wrote a great editorial on this matter. Even a small decline of 7.3% in remittance flows, as we predict, can make a great deal of difference to countries facing external financing gaps. Now we know that the resilience of remittances going forward was an important factor behind the successful launching of the $750 million mega-bond from the Philippines.
This week, I have decided to post a video highlighting some regional trends. Let's continue this discussion. Please send in your thoughts and comments.
Dilip Ratha from World Bank on Vimeo.
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