Remittance Trends 2007

This note describes broad regional and country specific trends in remittance flows worldwide, and highlights some structural changes that will affect remittance flows in the future. The main messages are: remittance flows to Latin America and the C...

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Main Authors:	Ratha, Dilip, Mohapatra, Sanket, Vijayalakshmi, K. M., Xu, Zhimei
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNT-TO-ACCOUNT ACCOUNTING ANNUAL GROWTH ANTI-MONEY LAUNDERING AVERAGE REMITTANCE BALANCE OF PAYMENTS BALANCE OF PAYMENTS MANUAL BALANCE OF PAYMENTS STATISTICS BANK ACCOUNTS BANKING SERVICE BANKING SERVICES BANKS CAPITAL FLOWS CENTRAL BANKS CLARITY COMMERCIAL BANKS COMPENSATION OF EMPLOYEES CONSUMER LOANS CREDIT UNIONS DATA ON REMITTANCES DEBT DEPOSIT DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ASSISTANCE DEVELOPMENT FINANCE DOCUMENTATION REQUIREMENTS EXTERNAL FINANCING FINANCIAL PRODUCTS FINANCIAL SERVICES FLOWS OF REMITTANCES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE EARNINGS GENERAL EQUILIBRIUM GLOBAL DEVELOPMENT FINANCE GROWTH OF REMITTANCES GROWTH RATE HIGH-INCOME COUNTRIES HOUSEHOLDS INCOME INFORMAL CHANNELS INTERNATIONAL REMITTANCES INVESTMENT FLOWS INVESTMENT OPPORTUNITIES INVESTMENT PURPOSES JOB OPPORTUNITIES LATIN AMERICAN LOW-INCOME COUNTRIES MIGRANT LABOR MIGRANT TRANSFERS MIGRANT WORKERS MIGRANTS MOBILE PHONE MOBILE PHONES MONEY HOME MONEY LAUNDERING MONEY TRANSFER MONEY TRANSFER OPERATORS MONEY TRANSFERS MORTGAGE MORTGAGE LOANS OIL PRICES PERSONAL REMITTANCES PORTFOLIO PRIVATE DEBT RATE OF GROWTH RECIPIENT COUNTRIES RECIPIENTS OF REMITTANCES REMITTANCE REMITTANCE CORRIDORS REMITTANCE COSTS REMITTANCE CUSTOMERS REMITTANCE DATA REMITTANCE FLOWS REMITTANCE INDUSTRY REMITTANCE INFLOWS REMITTANCE SERVICE REMITTANCE SERVICE PROVIDERS REMITTANCE SERVICES REMITTANCES SEASONAL MIGRANTS SEND REMITTANCES SLOWDOWN STOCKS STRONG DEMAND SUB-SAHARAN AFRICA TERRORISM TRANSFER SERVICE UNION UNRECORDED REMITTANCES WORLD DEVELOPMENT INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2007/11/9243741/remittance-trends-2007 http://hdl.handle.net/10986/11024

id	okr-10986-11024
recordtype	oai_dc
spelling	okr-10986-110242021-04-23T14:02:53Z Remittance Trends 2007 Ratha, Dilip Mohapatra, Sanket Vijayalakshmi, K. M. Xu, Zhimei ACCOUNT-TO-ACCOUNT ACCOUNTING ANNUAL GROWTH ANTI-MONEY LAUNDERING AVERAGE REMITTANCE BALANCE OF PAYMENTS BALANCE OF PAYMENTS MANUAL BALANCE OF PAYMENTS STATISTICS BANK ACCOUNTS BANKING SERVICE BANKING SERVICES BANKS CAPITAL FLOWS CENTRAL BANKS CLARITY COMMERCIAL BANKS COMPENSATION OF EMPLOYEES CONSUMER LOANS CREDIT UNIONS DATA ON REMITTANCES DEBT DEPOSIT DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ASSISTANCE DEVELOPMENT FINANCE DOCUMENTATION REQUIREMENTS EXTERNAL FINANCING FINANCIAL PRODUCTS FINANCIAL SERVICES FLOWS OF REMITTANCES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE EARNINGS GENERAL EQUILIBRIUM GLOBAL DEVELOPMENT FINANCE GROWTH OF REMITTANCES GROWTH RATE HIGH-INCOME COUNTRIES HOUSEHOLDS INCOME INFORMAL CHANNELS INTERNATIONAL REMITTANCES INVESTMENT FLOWS INVESTMENT OPPORTUNITIES INVESTMENT PURPOSES JOB OPPORTUNITIES LATIN AMERICAN LOW-INCOME COUNTRIES MIGRANT LABOR MIGRANT TRANSFERS MIGRANT WORKERS MIGRANTS MOBILE PHONE MOBILE PHONES MONEY HOME MONEY LAUNDERING MONEY TRANSFER MONEY TRANSFER OPERATORS MONEY TRANSFERS MORTGAGE MORTGAGE LOANS OIL PRICES PERSONAL REMITTANCES PORTFOLIO PRIVATE DEBT RATE OF GROWTH RECIPIENT COUNTRIES RECIPIENTS OF REMITTANCES REMITTANCE REMITTANCE CORRIDORS REMITTANCE COSTS REMITTANCE CUSTOMERS REMITTANCE DATA REMITTANCE FLOWS REMITTANCE INDUSTRY REMITTANCE INFLOWS REMITTANCE SERVICE REMITTANCE SERVICE PROVIDERS REMITTANCE SERVICES REMITTANCES SEASONAL MIGRANTS SEND REMITTANCES SLOWDOWN STOCKS STRONG DEMAND SUB-SAHARAN AFRICA TERRORISM TRANSFER SERVICE UNION UNRECORDED REMITTANCES WORLD DEVELOPMENT INDICATORS This note describes broad regional and country specific trends in remittance flows worldwide, and highlights some structural changes that will affect remittance flows in the future. The main messages are: remittance flows to Latin America and the Caribbean slowed on the back of a weakening U.S. economy and tighter enforcement of immigration laws. Nevertheless, the growth of remittances to developing countries remains robust because of strong growth in Europe and Asia. The remittance industry is experiencing some positive structural changes with the advent of cell phone and internet-based remittance instruments. These changes may have profound effects on remittance flows to previously underserved areas. The diffusion of these structural changes, however, is slowed by a lack of clarity on key regulations (including those relating to money laundering and other financial crimes). Remittance costs have fallen, but not far enough, especially in the South-South corridors. 2012-08-13T13:55:26Z 2012-08-13T13:55:26Z 2007-11 http://documents.worldbank.org/curated/en/2007/11/9243741/remittance-trends-2007 http://hdl.handle.net/10986/11024 English Migration and Development Brief; No. 3 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNT-TO-ACCOUNT ACCOUNTING ANNUAL GROWTH ANTI-MONEY LAUNDERING AVERAGE REMITTANCE BALANCE OF PAYMENTS BALANCE OF PAYMENTS MANUAL BALANCE OF PAYMENTS STATISTICS BANK ACCOUNTS BANKING SERVICE BANKING SERVICES BANKS CAPITAL FLOWS CENTRAL BANKS CLARITY COMMERCIAL BANKS COMPENSATION OF EMPLOYEES CONSUMER LOANS CREDIT UNIONS DATA ON REMITTANCES DEBT DEPOSIT DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ASSISTANCE DEVELOPMENT FINANCE DOCUMENTATION REQUIREMENTS EXTERNAL FINANCING FINANCIAL PRODUCTS FINANCIAL SERVICES FLOWS OF REMITTANCES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE EARNINGS GENERAL EQUILIBRIUM GLOBAL DEVELOPMENT FINANCE GROWTH OF REMITTANCES GROWTH RATE HIGH-INCOME COUNTRIES HOUSEHOLDS INCOME INFORMAL CHANNELS INTERNATIONAL REMITTANCES INVESTMENT FLOWS INVESTMENT OPPORTUNITIES INVESTMENT PURPOSES JOB OPPORTUNITIES LATIN AMERICAN LOW-INCOME COUNTRIES MIGRANT LABOR MIGRANT TRANSFERS MIGRANT WORKERS MIGRANTS MOBILE PHONE MOBILE PHONES MONEY HOME MONEY LAUNDERING MONEY TRANSFER MONEY TRANSFER OPERATORS MONEY TRANSFERS MORTGAGE MORTGAGE LOANS OIL PRICES PERSONAL REMITTANCES PORTFOLIO PRIVATE DEBT RATE OF GROWTH RECIPIENT COUNTRIES RECIPIENTS OF REMITTANCES REMITTANCE REMITTANCE CORRIDORS REMITTANCE COSTS REMITTANCE CUSTOMERS REMITTANCE DATA REMITTANCE FLOWS REMITTANCE INDUSTRY REMITTANCE INFLOWS REMITTANCE SERVICE REMITTANCE SERVICE PROVIDERS REMITTANCE SERVICES REMITTANCES SEASONAL MIGRANTS SEND REMITTANCES SLOWDOWN STOCKS STRONG DEMAND SUB-SAHARAN AFRICA TERRORISM TRANSFER SERVICE UNION UNRECORDED REMITTANCES WORLD DEVELOPMENT INDICATORS
spellingShingle	ACCOUNT-TO-ACCOUNT ACCOUNTING ANNUAL GROWTH ANTI-MONEY LAUNDERING AVERAGE REMITTANCE BALANCE OF PAYMENTS BALANCE OF PAYMENTS MANUAL BALANCE OF PAYMENTS STATISTICS BANK ACCOUNTS BANKING SERVICE BANKING SERVICES BANKS CAPITAL FLOWS CENTRAL BANKS CLARITY COMMERCIAL BANKS COMPENSATION OF EMPLOYEES CONSUMER LOANS CREDIT UNIONS DATA ON REMITTANCES DEBT DEPOSIT DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ASSISTANCE DEVELOPMENT FINANCE DOCUMENTATION REQUIREMENTS EXTERNAL FINANCING FINANCIAL PRODUCTS FINANCIAL SERVICES FLOWS OF REMITTANCES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE EARNINGS GENERAL EQUILIBRIUM GLOBAL DEVELOPMENT FINANCE GROWTH OF REMITTANCES GROWTH RATE HIGH-INCOME COUNTRIES HOUSEHOLDS INCOME INFORMAL CHANNELS INTERNATIONAL REMITTANCES INVESTMENT FLOWS INVESTMENT OPPORTUNITIES INVESTMENT PURPOSES JOB OPPORTUNITIES LATIN AMERICAN LOW-INCOME COUNTRIES MIGRANT LABOR MIGRANT TRANSFERS MIGRANT WORKERS MIGRANTS MOBILE PHONE MOBILE PHONES MONEY HOME MONEY LAUNDERING MONEY TRANSFER MONEY TRANSFER OPERATORS MONEY TRANSFERS MORTGAGE MORTGAGE LOANS OIL PRICES PERSONAL REMITTANCES PORTFOLIO PRIVATE DEBT RATE OF GROWTH RECIPIENT COUNTRIES RECIPIENTS OF REMITTANCES REMITTANCE REMITTANCE CORRIDORS REMITTANCE COSTS REMITTANCE CUSTOMERS REMITTANCE DATA REMITTANCE FLOWS REMITTANCE INDUSTRY REMITTANCE INFLOWS REMITTANCE SERVICE REMITTANCE SERVICE PROVIDERS REMITTANCE SERVICES REMITTANCES SEASONAL MIGRANTS SEND REMITTANCES SLOWDOWN STOCKS STRONG DEMAND SUB-SAHARAN AFRICA TERRORISM TRANSFER SERVICE UNION UNRECORDED REMITTANCES WORLD DEVELOPMENT INDICATORS Ratha, Dilip Mohapatra, Sanket Vijayalakshmi, K. M. Xu, Zhimei Remittance Trends 2007
relation	Migration and Development Brief; No. 3
description	This note describes broad regional and country specific trends in remittance flows worldwide, and highlights some structural changes that will affect remittance flows in the future. The main messages are: remittance flows to Latin America and the Caribbean slowed on the back of a weakening U.S. economy and tighter enforcement of immigration laws. Nevertheless, the growth of remittances to developing countries remains robust because of strong growth in Europe and Asia. The remittance industry is experiencing some positive structural changes with the advent of cell phone and internet-based remittance instruments. These changes may have profound effects on remittance flows to previously underserved areas. The diffusion of these structural changes, however, is slowed by a lack of clarity on key regulations (including those relating to money laundering and other financial crimes). Remittance costs have fallen, but not far enough, especially in the South-South corridors.
format	Publications & Research :: Brief
author	Ratha, Dilip Mohapatra, Sanket Vijayalakshmi, K. M. Xu, Zhimei
author_facet	Ratha, Dilip Mohapatra, Sanket Vijayalakshmi, K. M. Xu, Zhimei
author_sort	Ratha, Dilip
title	Remittance Trends 2007
title_short	Remittance Trends 2007
title_full	Remittance Trends 2007
title_fullStr	Remittance Trends 2007
title_full_unstemmed	Remittance Trends 2007
title_sort	remittance trends 2007
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2007/11/9243741/remittance-trends-2007 http://hdl.handle.net/10986/11024
_version_	1764415246836957184

Remittance Trends 2007

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