Publication: Impact of the Global Financial Crisis on Migration and Remittances
Date
2010-02
ISSN
Published
2010-02
Author(s)
Abstract
Remittances to developing countries are
estimated to have declined by 6.1 percent in 2009 as a
result of weak job markets in major destination countries.
Although new migration has fallen, it is still positive. The
stock of international migrants, therefore, has continued to
grow and remittances have remained resilient. Going forward,
remittance flows to Latin America are expected to recover,
whereas those to East Asia and South Asia are likely to
slow. 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.
Citation
“Mohapatra, Sanket; Ratha, Dilip. 2010. Impact of the Global Financial Crisis on Migration and Remittances. Economic Premise; No. 2. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/57a46380-b40c-5803-8cf4-238b0beeae8d License: CC BY 3.0 IGO.”