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Migrants have long faced unwarranted constraints to sending money to family members and relatives in their home countries, among them costly fees and commissions, inconvenient formal banking hours, and inefficient domestic banking services that delay final payment to the beneficiaries. Yet such remittances are perhaps the largest source of external finance in developing countries. Officially recorded remittance flows to developing countries exceeded US$125 billion in 2004, making them the second largest source of development finance after foreign direct investment. This book demonstrates that governments in developing countries increasingly recognize the importance of remittance flows and are quickly addressing these constraints.
Migrants have long faced unwarranted constraints to sending money to family members and relatives in their home countries, among them costly fees and commission
Workers' remittances have become a major source of financing for developing countries and are especially important in Latin America and the Caribbean, which is
This is a first of its kind book which examines the remittances in the two largest corridors in the World: India-Saudi Arabia and Mexico-U.S.A. This book aims t
Immigrants in the United States send more than $20 billion every year back to Mexico—one of the largest flows of such remittances in the world. With The Remit
Manuel Orozco moves beyond the numbers to provide a uniquely comprehensive, historically informed overview and analysis of the complex role of migrant remittanc