Wednesday, 6th February 2013

Remittances to developing countries will surpass $400 billion in 2012

Source: World Bank

Officially recorded remittance flows to developing countries are estimated to reach $406 billion in 2012, a growth of 6.5 percent over the previous year. These flows are expected to rise 8% in 2013 and 10% in 2014 to reach $534 billion in 2015.

Remittance costs are still too high, averaging 7.5% in top 20 remittance corridors; the worldwide average cost is about 9%.

US Remittance Transfer Rule, to be implemented in February 2013, will increase transparency for consumers and thereby market competition.

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Category:

• Africa (DocuTicker)
• Asia (DocuTicker)
• Business and economics (DocuTicker)
• Immigration (DocuTicker)
• Industries (DocuTicker)
• International (DocuTicker)
• Labor (DocuTicker)
• Latin America and the Caribbean (DocuTicker)
• Middle East (DocuTicker)
• Social and cultural issues (DocuTicker)

Source:

• World Bank

Views: 727

By Adrian Janes

Having begun his career in academic libraries, Adrian Janes is currently an Information Services Librarian with the London Borough of Havering.

In this role, he has particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by Free Pint Ltd. in 2007. He is also involved in training and publicising online reference resources and is a regular contributor to DocuTicker.

Adrian can be reached at adrian.janes@freepint.com

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