What difference do remittances and migration make back home?

Duncan Green - September 8, 2015

Reading the Economist cover to cover is an illicit pleasure – it may be irritatingly smug and right wing, especially on anything about economic policy, but its coverage on international issues consistently goes way beyond standard news outlets. This week’s edition had everything from the changing face of Indian marriage to the spread of pedestrian and cycling schemes around the world to (for science geeks) …

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Migrant remittances are even more amazing that we thought

Duncan Green - January 30, 2015

At least in economic terms, migration appears to be some kind of developmental wonder-drug. Remittances from migrants to developing countries are now running at some three times the volume of aid, and barely faltered during the 2008-9 financial crisis (see graph). The World Bank’s latest Global Economic Prospects report looks at the impact of migrant remittances on developing countries and consumption, especially during crises. Here’s …

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$2 leaving developing countries for every $1 going in – big new report on the state of global financial flows

Duncan Green - December 18, 2014

A very useful new report from Eurodad, published today, provides ‘the most comprehensive review of the quantity of different financing sources available to developing countries, and how they have changed over the past decade.’ This in the run up to the big UN summit on financing for development (FfD) in Addis Ababa in July 2015. Here are some highlights from the exec sum: ‘We have …

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Why are Africans getting ripped off on remittances?

Duncan Green - April 22, 2014

Whatever your views of migration, a consensus ought to be possible on one thing: if migrants do send money home, as much as possible of the hard-earned dollars that they send should actually get there, to be spent on putting feeding the kids, putting them through school or even having a bit of fun (that’s allowed too). But according to some excellent new research by …

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Migration and Development: Who Bears the Burden of Proof? Justin Sandefur replies to Paul Collier

Duncan Green - March 19, 2014

Justin Sandefur responds to yesterday’s post by Paul Collier on the impact of migration on developing countries, and you get to vote The global diaspora of educated Africans, Asians, and Latin Americans living in the developed world stand accused of undermining the development of their countries of origin. Paul Collier’s recent book, Exodus, makes the case for strict ceilings on the movement of people from poor …

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How does emigration affect countries-of-origin? Paul Collier kicks off a debate on migration

Duncan Green - March 18, 2014

Take a seat people, you’re in for a treat. Paul Collier kicks off an exchange with Justin Sandefur on that hottest of hot topics, migration. I’ve asked them to focus on the impact on poor countries, as most of the press debate concentrates on the impact in the North. Justin replies tomorrow and (if I can work the new software) you will then get to …

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My first trip to Central Asia. First impressions of Tajikistan, world’s most remittance-dependent country (and a very big flagpole)

Duncan Green - February 5, 2014

Spent last week in Tajikistan, my first trip to the former underbelly of the Soviet Union, aka Central Asia. I was there to help our country team think through some work on improving accountability in the water sector (more interesting than it sounds – blog tomorrow). And weatherwise, looks like I got out just in time. But today is first impressions. Basic background: poorest country …

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Why on earth is Barclays (still) cutting the remittance lifeline to Somalia?

admin - October 1, 2013

Oxfam’s tame ex-banker Will Martindale wonders what on earth Barclays is up to in cutting the remittance lifeline to Somalia “I can skype my mum, and see her, and watch her go hungry, fall ill. But they’re saying I can’t transfer money for food or to see a doctor. How can that be?” Istarlin lives in South London. She’s one of thousands of Somali migrants …

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How is the recession hitting remittances from migrant workers?

admin - May 18, 2009

Remittances sent to developing countries in 2008 from migrant workers overseas came to a massive $305bn – two and a half times greater than the (record) volume of global aid. But how are they weathering the global crisis? I’ve just been reading the World Bank’s latest (OK, end of March – I’m playing catchup as usual) Migration and Development Brief. Main findings: A sharp decline …

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