Description: Outlook for Remittance Flows 2011-12 : Recovery After the Crisis, But Risks Lie Ahead

Outlook for Remittance Flows 2011-12 : Recovery After the Crisis, But Risks Lie Ahead

Officially recorded remittance flows to developing countries are estimated to increase by 6 percent to $325 billion in 2010. This marks a healthy recovery from a 5.5 percent decline registered in 2009. Remittance flows are expected to increase by 6...

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Bibliographic Details
Main Authors:	Mohapatra, Sanket, Ratha, Dilip, Silwa, Ani
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO FINANCE ACCESS TO REMITTANCE SERVICES ACROSS BORDERS AGGREGATE DEMAND ASSETS AVERAGE REMITTANCE BALANCE OF PAYMENTS BALANCE OF PAYMENTS STATISTICS BANK ACCOUNTS BANK DEPOSITS BANKING REGULATIONS BENEFICIARY BILLS BOND BOND INSTRUMENTS BONDS BRANCHLESS BANKING CAPITAL FLOWS CENTRAL BANK CENTRAL BANKS CHECKS CLARITY CLEARING HOUSE COMMERCIAL BANKS COMMODITY PRICE COMMODITY PRICES COMMUNITY BANKS COMPENSATION OF EMPLOYEES CONSUMER PROTECTION CONVENTIONAL BANKS COUNTRIES OF ORIGIN COUNTRY OF RESIDENCE CREDIT COOPERATIVE CREDIT ENHANCEMENT CREDIT ENHANCEMENTS CREDIT RATING CREDIT RATING AGENCIES CREDIT SCORES CREDIT SCORING CREDIT UNIONS CREDITOR CREDITWORTHINESS CURRENCY EXCHANGE CURRENT POPULATION DATA ON REMITTANCES DEBT SUSTAINABILITY DEPOSITS DEPRECIATION DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT FINANCE DIASPORA DIVERSIFICATION DOLLAR PRICES DOMESTIC REMITTANCES DOWNWARD PRESSURE DUE DILIGENCE ECONOMIC CRISIS ECONOMIC DOWNTURNS ECONOMIC GROWTH EMIGRATION EMPLOYER EMPLOYERS ENVIRONMENT FOR REMITTANCES EQUITY FLOWS ETHNIC GROUPS EXCHANGE RATE EXCHANGE RATES EXTERNAL FINANCING FAMILIES FEDERAL RESERVE FINANCIAL COLLAPSE FINANCIAL CRISIS FINANCIAL EMPOWERMENT FINANCIAL INSTITUTIONS FINANCIAL LITERACY FINANCIAL SERVICES FINANCIAL SYSTEM FOREIGN DIRECT INVESTMENT FUTURE REMITTANCE FUTURE REMITTANCES GLOBAL DEMAND GLOBAL ECONOMY GLOBAL REMITTANCE GLOBAL REMITTANCE MARKET GROWTH OF REMITTANCES GROWTH RATE HIGH-INCOME COUNTRIES HIGH-INCOME COUNTRY HOME COUNTRY HOST COUNTRIES HOST COUNTRY HOUSEHOLDS ILLEGAL IMMIGRATION IMMIGRANTS IMMIGRATION POLICIES INCOME INCOMES INCREASE IN REMITTANCES INFORMAL CHANNELS INSTITUTIONAL CAPACITY INTEREST RATE INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCE INTERNATIONAL INVESTOR INVESTOR DEMANDS ISSUANCE LABOR MARKET LABOR MOBILITY LEGAL RECOURSE LEGAL STATUS LIQUIDITY LIQUIDITY CRISIS LOCAL CURRENCIES LOCAL CURRENCY LOW-INCOME COUNTRIES MACROECONOMIC LEVEL MARKET PLAYERS MATURITIES MATURITY MICRO ENTREPRENEURS MIGRANT MIGRANT DESTINATION COUNTRIES MIGRANT REMITTANCE MIGRANT REMITTANCES MIGRANT TRANSFERS MIGRANT WORKER MIGRANT WORKERS MIGRANTS MIGRATION FLOWS MOBILE PHONE MOBILE PHONES MONEY HOME MONEY LAUNDERING MONEY TRANSFER MONEY TRANSFER OPERATORS MONEY TRANSFER SERVICES MONEY TRANSFER SYSTEM MONEY TRANSFERS NATIONAL BORDERS NATIVE WORKERS NUMBER OF MIGRANTS OIL PRICE OIL PRICES PACE OF DECLINE PACE OF INCREASE PAYMENT SERVICES PAYMENT SYSTEMS PAYMENTS SERVICES PORTFOLIO POVERTY REDUCTION PRICE MOVEMENTS PRIVATE CAPITAL PRIVATE DEBT RATE OF GROWTH RECESSION REGULATORY AGENCIES REGULATORY AUTHORITY REGULATORY OVERSIGHT REMITTANCE REMITTANCE CORRIDOR REMITTANCE CORRIDORS REMITTANCE COSTS REMITTANCE DATA REMITTANCE FLOWS REMITTANCE INFLOWS REMITTANCE OUTFLOWS REMITTANCE RECEIPTS REMITTANCE SERVICE REMITTANCE SERVICE PROVIDERS REMITTANCE SERVICES REMITTANCE TRANSACTIONS REMITTANCE TRANSFERS REMITTANCES REMITTANCES FOR INVESTMENT REMITTERS RESERVE RESERVE BANK RETURN RETURN MIGRATION RETURNS SAVINGS SAVINGS DEPOSITS SEND MONEY SEND MONEY HOME SEND REMITTANCES SKILLED MIGRANTS SLOWDOWN SOVEREIGN RISK STATE BANK STOCKS TAX TEMPORARY WORKERS TERRORIST TRADE TRANSACTIONS TRANSACTION TRANSFER SERVICE TRANSPARENCY TREASURY UNDOCUMENTED MIGRANTS UNDOCUMENTED WORKERS UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNION VALUATION WORKFORCE WORLD DEVELOPMENT INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2010/11/13266802/outlook-remittance-flows-2011-12-recovery-after-crisis-risks-lie-ahead http://hdl.handle.net/10986/10907

Description
Summary:	Officially recorded remittance flows to developing countries are estimated to increase by 6 percent to $325 billion in 2010. This marks a healthy recovery from a 5.5 percent decline registered in 2009. Remittance flows are expected to increase by 6.2 percent in 2011 and 8.1 percent in 2012, to reach $374 billion by 2012. This outlook for remittance flows, however, is subject to the risks of a fragile global economic recovery, volatile currency and commodity price movements, and rising anti-immigration sentiment in many destination countries. From a medium-term view, three major trends are apparent: (a) a high level of unemployment in the migrant-receiving countries has prompted restrictions on new immigration; (b) the application of mobile phone technology for domestic remittances has failed to spread to cross-border remittances; and (c) developing countries are becoming more aware of the potential for leveraging remittances and diaspora wealth for raising development finance.

Outlook for Remittance Flows 2011-12 : Recovery After the Crisis, But Risks Lie Ahead

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