Page 18 - Development Brief News Today

WASHINGTON, May 12, 2021 mdash; Despite COVID-19, remittance flows remained resilient in 2020, registering a smaller decline than previously projected.

WB: PH among top remittance recipients Anna Leah E. Gonzales The Philippines was one of the top five recipients of remittances last year, a report released by the World Bank said. © Provided by The Manila Times The World Bank headquarters in Washington, D.C. XINHUA FILE PHOTO The World Bank’s latest Migration and Development Brief showed that in current US dollar terms, the top five recipient countries last year were India, China, Mexico, the Philippines and Egypt. “Defyi...

Low- and Middle-Income Countries Received $540 billion in 2020, $8 Billion Less Than in 2019 WASHINGTON, May 12, 2021 – Despite COVID-19, remittance flows remained resilient in 2020, registering a smaller decline than previously projected. Officially recorded remittance flows to low- and middle-income countries reached $540 billion in 2020, just 1.6 percent below the 2019 total of $548 billion, according to the latest Migration and Development Brief. The decline in recorded remittance flows i...

English Analysis on World about Health, Recovery and Reconstruction and Epidemic; published on 12 May 2021 by World Bank

Remittances in region on the increase Haider-al-Lawati SHARE Despite difficulties arising out of declining oil prices across GCC States, the volume of expatriate manpower has not witnessed such a decrease. In fact, it recorded an increase in some countries. According to the latest World Bank report, ‘Migration and Development Brief’, remittances to low and middle-income countries are on track to recover this year after two consecutive years of decline. Accordingly, the o...

Remittance is derived from the word remit which means to send back. Remittance refers to money that is sent or transferred to another party, usually overseas. Remittances can be sent via a wire transfer, electronic payment system, mail, draft, or cheque.   Remittances can be used for any type of payment including invoices for business purposes or other obligations like personal transfers made to family and friends.   According to the World Bank, 2019 Migration and Development Brief, $529...

KATHMANDU, Jan. 14 -- Remittance inflow increased by 10.9 percent to Rs 416.81 billion in the first five months of the current fiscal year despite a fall in the number of outbound workers during the period.According to the Current Macroeconomic report released by Nepal Rastra Bank (NRB), the number of individuals seeking the permit for foreign employment during the period between mid-July and mid-December was declined by a whopping 77.9 percent....

POSITIVE STORIES FROM 2020: Former Lisnagelvin Leisure Centre building looks set for a new lease of life Building has been vacant for a number of years The leisure centre closed several years ago. Reporter: ); The former Lisnagelvin Leisure Centre building looks set for a new lease of life. The leisure centre, which was a much-loved facility in the city for many years, closed several years ago. The building, which is owned by Derry City and Strabane District Council, has been vacant since. How...

Share: As the COVID-19 pandemic and economic crisis continues to spread, the amount of money migrant workers send home is projected to decline 14 percent by 2021 compared to the pre-COVID-19 levels in 2019. According to the latest estimates published in the World Bank’s Migration and Development Brief remittance flows to low and middle-income countries are projected to fall by 7 percent, to $508 billion in 2020, followed by a further decline of 7.5 percent, to $470 billion in 2021. The World...