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12 November - Remittances to LDC Resilient (World Bank)

Thursday, 25 November 2010 10:01

Migration_and_RemittancesAccording to the Migration and Remittances Factbook 2011, remittances to LDCs were resilient during the global crisis, and expected to increase further in 2011-12. Top remitters in 2009 were the USA, Saudi Arabia, Switzerland, Russia, and Germany. Top recipients in 2010 are India, China, Mexico, Philippines, and France. Remittances are more significant for smaller countries in GDP terms. While high-income countries remain the main source, migration between LDCs exceeds that from LDCs to OECD countries.


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