espite the lingering global economic turmoil, the World Bank expects remittances to developing nations from their citizens abroad to grow by about $18 billion or 6.79 percent by the end of this year.
The Bank said remittances to the afore-mentioned nations including Ghana will rise from $265 billion to $283 billion by the end of 2008.
The inflow is expected from the estimated 200 million migrants around the world, a new World Bank report on migration and remittances has stated.
The growth in remittances is not likely to be sustained, the report noted, as it is projected to slow down and even fall from 6.7 percent to 0.9 percent in 2009.
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