Also available in: Français | العربية | 中文 | Español ​In 1964, I came to the United States from South Korea, then an extremely poor developing country that most experts, including those at the…

Jim Yong Kim |

I am the World Bank’s Director for the Western Balkans, and I live in Vienna, Austria, where thousands of refugees, mostly fleeing from conflict in Syria and Afghanistan, are now straggling across…

Ellen Goldstein |

I was struck by an interview featured in a recent show of CBC Radio One's The Current. Nani Gautam, a live-in caregiver in Canada, was asked how important was the money she sent home to her…

Dilip Ratha |

Saudi Arabia hosts the largest number of migrants in the Gulf region. The country is the second largest remittance sender after the USA. A new Saudization program since 2011, the so-called “…

Kirsten Schuettler |

Last week the New York Times featured an editorial suggesting that the World Bank should become a remittance center. Remittances are the "largest and arguably most effective antipoverty…

Dilip Ratha |

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 |

In order to provide an ownership structure in Pakistan for remittance facilitation, State Bank of Pakistan (the central bank), Ministry of Overseas Pakistanis and Ministry of Finance launched a…

Najm-us-Saqib Shabbir |

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 |

Saudi Arabia's recent indigenization effort titled "Nitaqat" came into effect on September 10. Saudi firms have been color coded to four categories - Red, Yellow and Green, and Blue…

Sanket Mohapatra |

Niagara Falls.  "The Canadian side is better, more developed. They have better hotels." "Sorry, but we need a visa to enter Canada." "I forgot. The kids are okay, they are…

Dilip Ratha |