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Archive for November 21st, 2012

Developing countries to receive over $400 billion in remittances in 2012, says World Bank report

Posted by Business in Ghana on November 21, 2012

WASHINGTON, November 20, 2012  Remittance flows to the developing world are expected to exceed earlier estimates and total $406 billion this year, an increase of 6.5 percent over the previous year, according to a new World Bank brief on global migration and remittances.

Remittances to developing countries are projected to grow by 7.9 percent in 2013, 10.1 percent in 2014 and 10.7 percent in 2015 to reach $534 billion in 2015.¬† Read the rest of this entry »

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