Migrant Labor Remittances in Africa : Reducing Obstacles to Developmental Contributions

Migrants have received heightened international recognition from the development community in recent times. New World Bank estimates on the volume of remittances show that documented remittance flows continue to increase at a rapid rate, putting gl...

Full description

Bibliographic Details
Main Authors:	Sander, Cersten, Mainbo, Samuel Munzele
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNT ACCOUNTS AGRICULTURE BANKS BONDS CAPITAL FLOWS CAPITAL FORMATION CHANNELS COLLATERAL CURRENCY DIRECT INVESTMENT EAST AFRICA ECONOMIC DEVELOPMENT EMERGING MARKETS EURO EXCHANGE TRANSACTIONS EXPOSURE EXTERNAL FINANCING FINANCIAL FLOWS FINANCIAL INDUSTRY FINANCIAL INFRASTRUCTURE FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE CONTROLS FOREIGN EXCHANGE EXPOSURE FOREIGN EXCHANGE TRANSACTIONS INCOME INFORMATION ASYMMETRIES MATCHING MATCHING GRANTS MATURITY MIDDLE EAST MIGRATION MONETARY POLICIES MONEY TRANSFERS MORTGAGES NORTH AFRICA POINT SAVINGS SECURITIES SERVICE DELIVERY SERVICE PROVIDERS TAXATION TRANSPARENCY
Online Access:	http://documents.worldbank.org/curated/en/2005/02/5641004/migrant-labor-remittances-africa-reducing-obstacles-developmental-contributions http://hdl.handle.net/10986/9672

id	okr-10986-9672
recordtype	oai_dc
spelling	okr-10986-96722021-04-23T14:02:46Z Migrant Labor Remittances in Africa : Reducing Obstacles to Developmental Contributions Sander, Cersten Mainbo, Samuel Munzele ACCOUNT ACCOUNTS AGRICULTURE BANKS BONDS CAPITAL FLOWS CAPITAL FORMATION CHANNELS COLLATERAL CURRENCY DIRECT INVESTMENT EAST AFRICA ECONOMIC DEVELOPMENT EMERGING MARKETS EURO EXCHANGE TRANSACTIONS EXPOSURE EXTERNAL FINANCING FINANCIAL FLOWS FINANCIAL INDUSTRY FINANCIAL INFRASTRUCTURE FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE CONTROLS FOREIGN EXCHANGE EXPOSURE FOREIGN EXCHANGE TRANSACTIONS INCOME INFORMATION ASYMMETRIES MATCHING MATCHING GRANTS MATURITY MIDDLE EAST MIGRATION MONETARY POLICIES MONEY TRANSFERS MORTGAGES NORTH AFRICA POINT SAVINGS SECURITIES SERVICE DELIVERY SERVICE PROVIDERS TAXATION TRANSPARENCY Migrants have received heightened international recognition from the development community in recent times. New World Bank estimates on the volume of remittances show that documented remittance flows continue to increase at a rapid rate, putting global annual flows at US$88 billion for 2002 (revised up from earlier estimates of US$80 billion reported in the 2003 World Bank Global Development Report) and projecting $90 billion for 2003, based on trends in the first half of the year. Actual figures are generally accepted to be much higher. This means that remittance flows constitute the largest source of financial flows to developing countries after Foreign Direct Investment (FDI), and indeed in many countries exceed FDI flows. 2012-08-13T09:14:55Z 2012-08-13T09:14:55Z 2005-02 http://documents.worldbank.org/curated/en/2005/02/5641004/migrant-labor-remittances-africa-reducing-obstacles-developmental-contributions http://hdl.handle.net/10986/9672 English Africa Region Findings & Good Practice Infobriefs; No. 247 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNT ACCOUNTS AGRICULTURE BANKS BONDS CAPITAL FLOWS CAPITAL FORMATION CHANNELS COLLATERAL CURRENCY DIRECT INVESTMENT EAST AFRICA ECONOMIC DEVELOPMENT EMERGING MARKETS EURO EXCHANGE TRANSACTIONS EXPOSURE EXTERNAL FINANCING FINANCIAL FLOWS FINANCIAL INDUSTRY FINANCIAL INFRASTRUCTURE FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE CONTROLS FOREIGN EXCHANGE EXPOSURE FOREIGN EXCHANGE TRANSACTIONS INCOME INFORMATION ASYMMETRIES MATCHING MATCHING GRANTS MATURITY MIDDLE EAST MIGRATION MONETARY POLICIES MONEY TRANSFERS MORTGAGES NORTH AFRICA POINT SAVINGS SECURITIES SERVICE DELIVERY SERVICE PROVIDERS TAXATION TRANSPARENCY
spellingShingle	ACCOUNT ACCOUNTS AGRICULTURE BANKS BONDS CAPITAL FLOWS CAPITAL FORMATION CHANNELS COLLATERAL CURRENCY DIRECT INVESTMENT EAST AFRICA ECONOMIC DEVELOPMENT EMERGING MARKETS EURO EXCHANGE TRANSACTIONS EXPOSURE EXTERNAL FINANCING FINANCIAL FLOWS FINANCIAL INDUSTRY FINANCIAL INFRASTRUCTURE FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE CONTROLS FOREIGN EXCHANGE EXPOSURE FOREIGN EXCHANGE TRANSACTIONS INCOME INFORMATION ASYMMETRIES MATCHING MATCHING GRANTS MATURITY MIDDLE EAST MIGRATION MONETARY POLICIES MONEY TRANSFERS MORTGAGES NORTH AFRICA POINT SAVINGS SECURITIES SERVICE DELIVERY SERVICE PROVIDERS TAXATION TRANSPARENCY Sander, Cersten Mainbo, Samuel Munzele Migrant Labor Remittances in Africa : Reducing Obstacles to Developmental Contributions
geographic_facet	Africa
relation	Africa Region Findings & Good Practice Infobriefs; No. 247
description	Migrants have received heightened international recognition from the development community in recent times. New World Bank estimates on the volume of remittances show that documented remittance flows continue to increase at a rapid rate, putting global annual flows at US$88 billion for 2002 (revised up from earlier estimates of US$80 billion reported in the 2003 World Bank Global Development Report) and projecting $90 billion for 2003, based on trends in the first half of the year. Actual figures are generally accepted to be much higher. This means that remittance flows constitute the largest source of financial flows to developing countries after Foreign Direct Investment (FDI), and indeed in many countries exceed FDI flows.
format	Publications & Research :: Brief
author	Sander, Cersten Mainbo, Samuel Munzele
author_facet	Sander, Cersten Mainbo, Samuel Munzele
author_sort	Sander, Cersten
title	Migrant Labor Remittances in Africa : Reducing Obstacles to Developmental Contributions
title_short	Migrant Labor Remittances in Africa : Reducing Obstacles to Developmental Contributions
title_full	Migrant Labor Remittances in Africa : Reducing Obstacles to Developmental Contributions
title_fullStr	Migrant Labor Remittances in Africa : Reducing Obstacles to Developmental Contributions
title_full_unstemmed	Migrant Labor Remittances in Africa : Reducing Obstacles to Developmental Contributions
title_sort	migrant labor remittances in africa : reducing obstacles to developmental contributions
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/02/5641004/migrant-labor-remittances-africa-reducing-obstacles-developmental-contributions http://hdl.handle.net/10986/9672
_version_	1764410237409820672

Migrant Labor Remittances in Africa : Reducing Obstacles to Developmental Contributions

Similar Items