Migrants' cash outstrips aid flow
http://business.guardian.co.uk/story/0,16781,1644041,00.html
Laura Smith
Thursday November 17, 2005
The Guardian
Money sent home by migrants to their countries of origin has overtaken
both foreign investment and aid as the biggest source of external
finance for developing countries, the World Bank reports.
A study published yesterday found the value of remittances sent by
migrants to relatives and friends has doubled over the past five years.
This year, more than $167bn (=A397bn) has been received by developing
countries in this way.
The biggest increases occurred in low-income countries, led by India,
while for some small countries including Tonga and Moldova remittances
accounted for between a third and a quarter of GDP. Some of the rise
was due to better recording.
Remittances
http://groups.google.com/group/alt.atheism/msg/8f1c4a83f5b9e332
Diasporas
http://groups.google.com/group/alt.atheism/msg/e50a389233dc163b
Immigration
http://groups.google.com/group/alt.atheism/msg/84ebb775a376bdb2
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