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[IWS] World Bank: MIGRATION AND REMITTANCE FLOWS: RECENT TRENDS AND OUTLOOK, 2013-2016 [2 October 2013]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
MIGRATION AND DEVELOPMENT BRIEF 21 [2 October 2013]
MIGRATION AND REMITTANCE FLOWS: RECENT TRENDS AND OUTLOOK, 2013-2016
[full-text, 29 pages]
Press Release 2 October 2013
Developing Countries to Receive Over $410 Billion in Remittances in 2013, Says World Bank
WASHINGTON, October 2, 2013 – Remittances to the developing world are expected to grow by 6.3 percent this year to $414 billion and are projected to cross the half-trillion mark by 2016, according to revised estimates and forecasts issued today by the World Bank.
India and China alone will represent nearly a third of total remittances to the developing world this year. Remittance volumes to developing countries, as a whole, are projected to continue growing strongly over the medium term, averaging an annual growth rate of 9 percent to reach $540 billion in 2016.
Global remittances, including those to high-income countries, are estimated to touch $550 billion this year, and reach a record $707 billion by 2016, says the Bank’s Migration and Development Brief.
AND MUCH MORE....
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