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Migration, Remittances and Development

image of Migration, Remittances and Development

This publication presents the current situation with regard to the magnitude and economic impact of migrants’ remittances to their countries of origin. In 2004, remittances exceeded official development aid in several emigration countries: they totalled USD 126 billion according to IMF estimates.

The book surveys the channels used to collect these funds; the role of banking systems and other financial institutions; the introduction of new technologies and their impact on fund collection; how the funds are transferred; and how to reduce the costs. Focus is also placed on the different ways in which migrants themselves participate -- together with non-governmental organisations, host countries and sending countries -- to open up new avenues for policies on development aid and co-development. The direct role that migrants can play at the local level is highlighted.

Several countries and regions are illustrated: Southern European countries, Mexico, Turkey, North African and sub-Saharan African countries, the Philippines and some Latin American countries.

English Also available in: French

What Is the Macroeconomic Impact of International Remittances on the Home Country?

Migration has become a central feature of the current international economy. In the year 2000, around 175 million people were residing outside their country of birth or citizenship – 3% of the world’s population.2 Globalisation has led to the increase in labour movements between labour markets across national borders.

English Also available in: French

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