Showing posts with label remittances. Show all posts
Showing posts with label remittances. Show all posts

Monday, April 20, 2015

Migrant Remittances might slow in 2015, says World Bank

The World Bank says that over 215 million people are migrants to other countries.  A weak Europe , the fall of the euro and the ruble might slow the remittances, the Bank cautions.


Total Remittances touched $ 583 billion in 2014. The largest recipients were India ($70 billion), China ($ 64 billion) and the Philippines ($ 28 billion)


http://www.worldbank.org/en/news/press-release/2015/04/13/remittances-growth-to-slow-sharply-in-2015-as-europe-and-russia-stay-weak-pick-up-expected-next-year