TRENDS IN MIGRATION AND REMITTANCES - World...
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TRENDS IN MIGRATION AND REMITTANCES OCTOBER 2016 WORLD BANK GROUP ON THE GLOBAL MIGRATION AGENDA Four areas that the World Bank Group and International financial Institutions can contribute to: Financing migration programs Addressing fundamental drivers of migration Maximizing the benefits and managing the risks of migration in sending and receiving countries Providing knowledge for informed policy making and improving public perceptions 1 2 3 4 ($ billion) 800 700 600 500 400 300 200 100 0 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016f 2018f REMITTANCE FLOWS ARE MORE THAN THREE TIMES LARGER THAN OFFICIAL DEVELOPMENT ASSISTANCE (ODA) FDI Remittances Pvt debt & port. equity ODA Sources: World Development Indicators and World Bank Development Prospects Group • Weak growth in remittance sending countries • Low oil price and labor market ‘nationalization’ in Gulf Cooperation Council countries • Exchange rates controls and de-risking Remittance Growth Rate, 2016 What are the reasons for slow growth? 2.1% –4.0% 6.3% 1.5% –2.3% –0.5% REMITTANCES TO DEVELOPING COUNTRIES TO GROW AT WEAK PACE IN 2016 Remittances to low and middle income countries are expected to increase only slightly by 0.8 percent to $442 billion in 2016. Source: World Bank Data
Transcript of TRENDS IN MIGRATION AND REMITTANCES - World...
TRENDS IN MIGRATION AND REMITTANCESOCTOBER 2016
WORLD BANK GROUP ON THE GLOBAL MIGRATION AGENDAFour areas that the World Bank Group and International financial Institutions can contribute to:
Financing migration programs
Addressing fundamental drivers
of migration
Maximizing the benefits and
managing the risks of migration in sending
and receiving countries
Providing knowledge for informed policy
making and improving public perceptions
1 2 3 4
($ billion)800
700
600
500
400
300
200
100
0
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
f
2018
fREMITTANCE FLOWS ARE MORE THAN THREE TIMES LARGER THAN OFFICIAL DEVELOPMENT ASSISTANCE (ODA)
FDI
Remittances
Pvt debt & port. equity
ODA
Sources: World Development Indicators and World Bank Development Prospects Group
• Weak growth in remittance sending countries
• Low oil price and labor market ‘nationalization’ in Gulf Cooperation Council countries
• Exchange rates controls and de-risking
Remittance Growth Rate, 2016
What are the reasons for slow growth?
2.1%
–4.0%
6.3%
1.5%
–2.3%–0.5%
REMITTANCES TO DEVELOPING COUNTRIES TO GROW AT WEAK PACE IN 2016Remittances to low and middle income countries are expected to increase only slightly by 0.8 percent to $442 billion in 2016.
Source: World Bank Data
