Publication:
Migration and Remittance Trends 2009 : A Better-Than-Expected Outcome So Far, But Significant Risks Ahead

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dc.contributor.authorMohapatra, Sanket
dc.contributor.authorRatha, Dilip
dc.contributor.authorSilwal, Ani
dc.date.accessioned2012-08-13T13:41:34Z
dc.date.available2012-08-13T13:41:34Z
dc.date.issued2009-11
dc.description.abstractNewly 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.identifierhttp://documents.worldbank.org/curated/en/2009/11/11510168/migration-remittance-trends-2009-better-than-expected-outcome-so-far-significant-risks-ahead
dc.identifier.doi10.1596/10958
dc.identifier.urihttps://hdl.handle.net/10986/10958
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesMigration and Development Brief; No. 11
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAMOUNT OF REMITTANCES
dc.subjectANTI-MONEY LAUNDERING
dc.subjectASSETS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE OF PAYMENTS STATISTICS
dc.subjectBANK DEPOSITS
dc.subjectBILL
dc.subjectBORDER TRANSFERS
dc.subjectCAPITA INCOME
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL MARKET
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPENSATION OF EMPLOYEES
dc.subjectCONSTANT EXCHANGE RATE
dc.subjectCOUNTRIES OF ORIGIN
dc.subjectDATA ON REMITTANCES
dc.subjectDEPOSITS
dc.subjectDEPRECIATION
dc.subjectDESTINATION COUNTRY
dc.subjectDEVELOPING COUNTRIES
dc.subjectDOLLAR EXCHANGE RATE
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC GROWTH
dc.subjectEMERGING MARKETS
dc.subjectEMIGRATION
dc.subjectEMPLOYMENT
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE MOVEMENTS
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURES
dc.subjectEXTERNAL FINANCING
dc.subjectFINANCIAL CRISIS
dc.subjectFOREIGN WORKERS
dc.subjectGLOBAL ECONOMIC PROSPECTS
dc.subjectGLOBAL ECONOMY
dc.subjectGOVERNMENT SUPPORT
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH RATE
dc.subjectHIGH LEVELS OF REMITTANCES
dc.subjectHOST COUNTRIES
dc.subjectHOST COUNTRY
dc.subjectHOUSING
dc.subjectILLEGAL IMMIGRANTS
dc.subjectILLEGAL IMMIGRATION
dc.subjectINCOME
dc.subjectINCOME SHOCKS
dc.subjectINCOMES
dc.subjectINFORMAL CHANNELS
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE DIFFERENTIALS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL MIGRANTS
dc.subjectINTERNATIONAL REMITTANCES
dc.subjectINVESTMENT PURPOSES
dc.subjectLABOR MARKET
dc.subjectLEVERAGE
dc.subjectLOCAL CURRENCY
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMICS
dc.subjectMARKET ACCESS
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMIGRANT REMITTANCES
dc.subjectMIGRANT TRANSFERS
dc.subjectMIGRANT WORKERS
dc.subjectMIGRANTS
dc.subjectMOBILE PHONE
dc.subjectMONEY TRANSFER
dc.subjectMUNICIPALITIES
dc.subjectOIL PRICES
dc.subjectOUTPUT
dc.subjectOUTSOURCING
dc.subjectPAYMENT SYSTEMS
dc.subjectPHONE NETWORKS
dc.subjectPOLICY RESPONSES
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE CAPITAL FLOWS
dc.subjectQUOTAS
dc.subjectRECESSION
dc.subjectRECIPIENT COUNTRIES
dc.subjectREMITTANCE
dc.subjectREMITTANCE COSTS
dc.subjectREMITTANCE FLOWS
dc.subjectREMITTANCE INFLOWS
dc.subjectREMITTANCE OUTFLOWS
dc.subjectREMITTANCE RECEIVING
dc.subjectREMITTANCE RECIPIENTS
dc.subjectREMITTANCE SERVICE
dc.subjectREMITTANCE SERVICE PROVIDERS
dc.subjectREMITTANCES
dc.subjectREMITTANCES FOR INVESTMENT
dc.subjectRETURN
dc.subjectRETURN MIGRANTS
dc.subjectRETURN MIGRATION
dc.subjectRETURNS
dc.subjectSAVINGS
dc.subjectSECURITY AGREEMENT
dc.subjectSEND MONEY
dc.subjectSEND REMITTANCES
dc.subjectSKILLED MIGRANTS
dc.subjectSKILLED WORKERS
dc.subjectSLACK
dc.subjectSLOWDOWN
dc.subjectSMALL BUSINESSES
dc.subjectSTOCKS
dc.subjectTAX
dc.subjectTAX CREDIT
dc.subjectTERRORISM
dc.subjectUNEMPLOYMENT RATES
dc.subjectVALUATION
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.titleMigration and Remittance Trends 2009 : A Better-Than-Expected Outcome So Far, But Significant Risks Aheaden
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.doiregistration2025-04-29T09:53:01.814779Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2009/11/11510168/migration-remittance-trends-2009-better-than-expected-outcome-so-far-significant-risks-ahead
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid163451468331219731
okr.identifier.externaldocumentum000333037_20091214233910
okr.identifier.internaldocumentum11510168
okr.identifier.report52171
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/12/14/000333037_20091214233910/Rendered/PDF/521710BRI0Migr10Box345553B01PUBLIC1.pdfen
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicPrivate Sector Development::Emerging Markets
okr.topicMacroeconomics and Economic Growth::Remittances
okr.unitDevelopment Prospects Group (DECPG)
okr.volume1 of 1
relation.isAuthorOfPublication979327ad-ac79-5a52-98ad-ee91fca9734d
relation.isAuthorOfPublication.latestForDiscovery979327ad-ac79-5a52-98ad-ee91fca9734d
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