Remittances – money sent home by migrants to family and friends – have soared to record levels. Explore the World Bank's latest estimates of how much money is sent, and where, and take a deeper look at the impact of remittances in Ghana, Liberia, Tajikistan and Bangladesh
Members of a new class of affluent Asian-Americans, many of whom have benefited from booms in finance and technology, are making their mark on philanthropy in the United States. They are donating large sums to groups focused on their own diasporas or their homelands.
And they are giving to prestigious universities, museums, concert halls and hospitals — like Yale University and the Metropolitan Museum of Art. The institutions, in turn, are increasingly courting Asian-Americans, who are taking high-profile slots on their governing boards.
Last year, remittance flows to developing countries rose 8 percent, to $351 billion. They are likely to reach $441 billion by 2014, according to a report published in December by the World Bank.
The World Bank noted that remittance outflows from Spain had remained “fairly resilient” and grew 15 percent in the first half of last year as “migrants have cut into savings and even consumption in order to send remittances, and perhaps to prepare for an eventual return.”...
Les flux d'envois de fonds devraient atteindre, pour l'année calendaire en cours, 351 milliards de dollars vers les pays en développement et 483 milliards de dollars [correction du chiffre de 406 milliards de dollars annoncé le 5 décembre] pour l'ensemble du monde, pays à revenu élevé compris, selon un rapport récemment actualisé de la Banque mondiale sur les migrations et les envois de fonds dans le monde....
Looking for a practical exercise about migration and remittance flows to challenge your students?
Remittances (the funds sent by migrant workers back to their families) are a major international financial flow into Mexico. Remittances bring more than 20 billion dollars a year into the economy, an amount equivalent to 2.5% of Mexico’s GDP. On a per person basis, Mexico receives more worker remittances than any other major country in the world. An estimated 20% of Mexican residents regularly receive some financial support from relatives working abroad. Such remittances are the mainstay of the economies of many Mexican families, especially in rural areas of Durango, Zacatecas, Guanajuato, Jalisco and Michoacán.