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Insights
09-Jul-19 The World Bank’s update on migration and remittances points to an almost 10% jump in 2018 to USD530 bn for low and middle-income countries, although the pace is projected to slow for the remainder of the year. [image: iStock]
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Insights
05-Jul-19 The global remittance market, a target for Facebook's new currency, Libra, is stuck in the last century, but can it really improve the lives of the global poor? For the Arab Gulf region, this is a key question. [image: Reuters]
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Insights
13-Jun-19 Bangladesh's Finance Minister AHM Mustafa Kamal proposed to provide a two percent incentive on money remitted by expatriate Bangladeshis. "This will significantly increase the remittance inflow through legal channels and discourage the 'hundi' business," he said. [image: UNB]
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Insights
16-May-19 The Bangko Sentral ng Pilipinas reported a 6.6% increase in remittances sent by overseas Filipino workers in March 2019 over 2018. The growth pushed actual dollar inflow to the country to USD2.5 bn during that month alone. [image: Business Mirror]
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Insights
02-May-19 Foreign remittances to Asian countries hit USD300 bn for the first time in 2018, underscoring the ever-rising importance of overseas employment for the region. Major recipients such as Pakistan and the Philippines have GDPs only slightly bigger than that. [image: World Bank staff estimates, World Development Indicators, IMF Balance of Payments Statistics / Asia Times]
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