Publication:
Migration and Remittance Trends 2009 : A Better-Than-Expected Outcome So Far, But Significant Risks Ahead
dc.contributor.author | Ratha, Dilip | |
dc.contributor.author | Mohapatra, Sanket | |
dc.contributor.author | Silwal, Ani | |
dc.date.accessioned | 2012-08-13T13:41:34Z | |
dc.date.available | 2012-08-13T13:41:34Z | |
dc.date.issued | 2009-11 | |
dc.description.abstract | Newly available data show that officially recorded remittance flows to developing countries reached $338 billion in 2008, higher than our previous estimate of $328 billion. Based on monthly and quarterly data released by some central banks and in line with the World Bank's global economic outlook we estimate that remittance flows to developing countries will fall to $317 billion in 2009. This 6.1 percent decline is smaller than our earlier expectation of a 7.3 percent fall. While new migration flows have fallen, existing migrants are not returning even though the job market has been weak in many destination countries. We maintain our expectation of a recovery in migration and remittance flows in 2010 and 2011, but the recovery is likely to be shallow. In all the regions, remittance flows are likely to face three downside risks: a jobless economic recovery, tighter immigration controls, and unpredictable exchange rate movements. Despite these risks, remittances are expected to remain more resilient than private capital flows and will become even more important as a source of external financing in many developing countries. Policy responses should involve efforts to facilitate migration and remittances, to make these flows cheaper, safer and more productive for both the sending and the receiving countries. | en |
dc.identifier | http://documents.worldbank.org/curated/en/2009/11/11510168/migration-remittance-trends-2009-better-than-expected-outcome-so-far-significant-risks-ahead | |
dc.identifier.uri | http://hdl.handle.net/10986/10958 | |
dc.language | English | |
dc.publisher | World Bank, Washington, DC | |
dc.relation.ispartofseries | Migration and Development Brief; No. 11 | |
dc.rights | CC BY 3.0 IGO | |
dc.rights.holder | World Bank | |
dc.rights.uri | http://creativecommons.org/licenses/by/3.0/igo/ | |
dc.subject | AMOUNT OF REMITTANCES | |
dc.subject | ANTI-MONEY LAUNDERING | |
dc.subject | ASSETS | |
dc.subject | BALANCE OF PAYMENTS | |
dc.subject | BALANCE OF PAYMENTS STATISTICS | |
dc.subject | BANK DEPOSITS | |
dc.subject | BILL | |
dc.subject | BORDER TRANSFERS | |
dc.subject | CAPITA INCOME | |
dc.subject | CAPITAL FLOWS | |
dc.subject | CAPITAL MARKET | |
dc.subject | CENTRAL BANK | |
dc.subject | CENTRAL BANKS | |
dc.subject | COMMERCIAL BANKS | |
dc.subject | COMPENSATION OF EMPLOYEES | |
dc.subject | CONSTANT EXCHANGE RATE | |
dc.subject | COUNTRIES OF ORIGIN | |
dc.subject | DATA ON REMITTANCES | |
dc.subject | DEPOSITS | |
dc.subject | DEPRECIATION | |
dc.subject | DESTINATION COUNTRY | |
dc.subject | DEVELOPING COUNTRIES | |
dc.subject | DOLLAR EXCHANGE RATE | |
dc.subject | ECONOMIC CONDITIONS | |
dc.subject | ECONOMIC CRISIS | |
dc.subject | ECONOMIC GROWTH | |
dc.subject | EMERGING MARKETS | |
dc.subject | EMIGRATION | |
dc.subject | EMPLOYMENT | |
dc.subject | EXCHANGE RATE | |
dc.subject | EXCHANGE RATE MOVEMENTS | |
dc.subject | EXCHANGE RATES | |
dc.subject | EXPENDITURES | |
dc.subject | EXTERNAL FINANCING | |
dc.subject | FINANCIAL CRISIS | |
dc.subject | FOREIGN WORKERS | |
dc.subject | GLOBAL ECONOMIC PROSPECTS | |
dc.subject | GLOBAL ECONOMY | |
dc.subject | GOVERNMENT SUPPORT | |
dc.subject | GROSS DOMESTIC PRODUCT | |
dc.subject | GROWTH RATE | |
dc.subject | HIGH LEVELS OF REMITTANCES | |
dc.subject | HOST COUNTRIES | |
dc.subject | HOST COUNTRY | |
dc.subject | HOUSING | |
dc.subject | ILLEGAL IMMIGRANTS | |
dc.subject | ILLEGAL IMMIGRATION | |
dc.subject | INCOME | |
dc.subject | INCOME SHOCKS | |
dc.subject | INCOMES | |
dc.subject | INFORMAL CHANNELS | |
dc.subject | INFORMATION TECHNOLOGY | |
dc.subject | INFRASTRUCTURE DEVELOPMENT | |
dc.subject | INTEREST RATE | |
dc.subject | INTEREST RATE DIFFERENTIALS | |
dc.subject | INTEREST RATES | |
dc.subject | INTERNATIONAL FINANCE | |
dc.subject | INTERNATIONAL MIGRANTS | |
dc.subject | INTERNATIONAL REMITTANCES | |
dc.subject | INVESTMENT PURPOSES | |
dc.subject | LABOR MARKET | |
dc.subject | LEVERAGE | |
dc.subject | LOCAL CURRENCY | |
dc.subject | LOW-INCOME COUNTRIES | |
dc.subject | MACROECONOMICS | |
dc.subject | MARKET ACCESS | |
dc.subject | MIDDLE-INCOME COUNTRIES | |
dc.subject | MIGRANT REMITTANCES | |
dc.subject | MIGRANT TRANSFERS | |
dc.subject | MIGRANT WORKERS | |
dc.subject | MIGRANTS | |
dc.subject | MOBILE PHONE | |
dc.subject | MONEY TRANSFER | |
dc.subject | MUNICIPALITIES | |
dc.subject | OIL PRICES | |
dc.subject | OUTPUT | |
dc.subject | OUTSOURCING | |
dc.subject | PAYMENT SYSTEMS | |
dc.subject | PHONE NETWORKS | |
dc.subject | POLICY RESPONSES | |
dc.subject | PRIVATE CAPITAL | |
dc.subject | PRIVATE CAPITAL FLOWS | |
dc.subject | QUOTAS | |
dc.subject | RECESSION | |
dc.subject | RECIPIENT COUNTRIES | |
dc.subject | REMITTANCE | |
dc.subject | REMITTANCE COSTS | |
dc.subject | REMITTANCE FLOWS | |
dc.subject | REMITTANCE INFLOWS | |
dc.subject | REMITTANCE OUTFLOWS | |
dc.subject | REMITTANCE RECEIVING | |
dc.subject | REMITTANCE RECIPIENTS | |
dc.subject | REMITTANCE SERVICE | |
dc.subject | REMITTANCE SERVICE PROVIDERS | |
dc.subject | REMITTANCES | |
dc.subject | REMITTANCES FOR INVESTMENT | |
dc.subject | RETURN | |
dc.subject | RETURN MIGRANTS | |
dc.subject | RETURN MIGRATION | |
dc.subject | RETURNS | |
dc.subject | SAVINGS | |
dc.subject | SECURITY AGREEMENT | |
dc.subject | SEND MONEY | |
dc.subject | SEND REMITTANCES | |
dc.subject | SKILLED MIGRANTS | |
dc.subject | SKILLED WORKERS | |
dc.subject | SLACK | |
dc.subject | SLOWDOWN | |
dc.subject | SMALL BUSINESSES | |
dc.subject | STOCKS | |
dc.subject | TAX | |
dc.subject | TAX CREDIT | |
dc.subject | TERRORISM | |
dc.subject | UNEMPLOYMENT RATES | |
dc.subject | VALUATION | |
dc.subject | WORLD DEVELOPMENT INDICATORS | |
dc.title | Migration and Remittance Trends 2009 : A Better-Than-Expected Outcome So Far, But Significant Risks Ahead | en |
dspace.entity.type | Publication | |
okr.crosscuttingsolutionarea | Jobs | |
okr.doctype | Publications & Research :: Brief | |
okr.doctype | Publications & Research | |
okr.docurl | http://documents.worldbank.org/curated/en/2009/11/11510168/migration-remittance-trends-2009-better-than-expected-outcome-so-far-significant-risks-ahead | |
okr.globalpractice | Macroeconomics and Fiscal Management | |
okr.globalpractice | Finance and Markets | |
okr.globalpractice | Finance and Markets | |
okr.globalpractice | Trade and Competitiveness | |
okr.identifier.externaldocumentum | 000333037_20091214233910 | |
okr.identifier.internaldocumentum | 11510168 | |
okr.identifier.report | 52171 | |
okr.language.supported | en | |
okr.pdfurl | http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/12/14/000333037_20091214233910/Rendered/PDF/521710BRI0Migr10Box345553B01PUBLIC1.pdf | en |
okr.topic | Finance and Financial Sector Development :: Debt Markets | |
okr.topic | Banks and Banking Reform | |
okr.topic | Finance and Financial Sector Development :: Currencies and Exchange Rates | |
okr.topic | Private Sector Development :: Emerging Markets | |
okr.topic | Macroeconomics and Economic Growth :: Remittances | |
okr.unit | Development Prospects Group (DECPG) | |
okr.volume | 1 of 1 | |
relation.isAuthorOfPublication | 979327ad-ac79-5a52-98ad-ee91fca9734d |
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