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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