Leila Rispens-Noel/MindaNews
Monday, 21 January 2008 20:32
GOUDA, The Netherlands (MindaNews/21 January) -- The World Bank began working on international migration and remittances issues with the publication of the Global Development Finance 2003. Chapter 7 was dedicated to remittances. The report captured an unprecedented interest from the financial sector, governments, and international organizations. Since then, migrant remittances had become a regular feature in many conferences and policy discussions on migration and development. In a way, remittances also effectively reversed the tone of the debates. Policy makers are now talking more about the positive contributions of migrants to development because of the money they send home.
Migrant remittances sent by an estimated 150 million migrants worldwide have been on top of policy agenda of the policy makers and became the subject of many studies and debates deliberately dissecting their positive and negative impact. Remittances in 2003 were estimated at US$ 200 billion, up from $155 billion in 2002.
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