Publication: Outlook for Remittance Flows 2011-12 : Recovery After the Crisis, But Risks Lie Ahead

Thumbnail Image
Files in English
English PDF (1.49 MB)
1,782 downloads

English Text (54.76 KB)
293 downloads
Date
2010-11
ISSN
Published
2010-11
Author(s)
Mohapatra, Sanket
Silwa, Ani
Abstract
Officially recorded remittance flows to developing countries are estimated to increase by 6 percent to $325 billion in 2010. This marks a healthy recovery from a 5.5 percent decline registered in 2009. Remittance flows are expected to increase by 6.2 percent in 2011 and 8.1 percent in 2012, to reach $374 billion by 2012. This outlook for remittance flows, however, is subject to the risks of a fragile global economic recovery, volatile currency and commodity price movements, and rising anti-immigration sentiment in many destination countries. From a medium-term view, three major trends are apparent: (a) a high level of unemployment in the migrant-receiving countries has prompted restrictions on new immigration; (b) the application of mobile phone technology for domestic remittances has failed to spread to cross-border remittances; and (c) developing countries are becoming more aware of the potential for leveraging remittances and diaspora wealth for raising development finance.
Link to Data Set
Citation
Mohapatra, Sanket; Ratha, Dilip; Silwa, Ani. 2010. Outlook for Remittance Flows 2011-12 : Recovery After the Crisis, But Risks Lie Ahead. Migration and Development Brief; No. 13. © World Bank, Washington, DC. http://hdl.handle.net/10986/10907 License: CC BY 3.0 IGO.
Report Series
Other publications in this report series
Journal
Journal Volume
Journal Issue
Associated URLs
Associated content
Citations