Paul Icamina - AHN News Writer
New York, NY (AHN) -
Remittances from migrant workers to their families in rural areas is among the highest in Asia, which receives the world's largest share with $114 billion annually, a new United Nations study says.
"The impact of remittances among Asian developing countries is greater than in other parts of the world: in Asian countries that are 65 per cent or more rural, the ratio of remittances per capita to per capita GDP is 23 percent and the highest in the world," says the UN International Fund for Agricultural Development (IFAD).
IFAD co-authored the study with the Inter-American Development Bank (IDB). The study was released ahead of the International Forum on Remittances 2007 co-hosted by IFAD and IDB that starts on Saturday in Washington. [Read more]
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