Workers’ Remittances: An Important and Stable Source of External Development Finance

Global Development Finance, 2003

19 Pages Posted: 15 Jul 2018

Date Written: April 23, 2003

Abstract

This is the original article, published in 2003 as a chapter in the Global Development Finance flagship report of the World Bank, that brought workers' remittances to the attention of the global development community. It highlighted that remittances provide a lifeline to many poor countries: they are larger than official development aid, they are counter-cyclical to the recipient country's economic cycle, and they can be leveraged for complementing development efforts.

Keywords: remittances, migration, future-flow securitization, poverty, insurance, aid

Suggested Citation

Ratha, Dilip, Workers’ Remittances: An Important and Stable Source of External Development Finance (April 23, 2003). Global Development Finance, 2003, Available at SSRN: https://ssrn.com/abstract=3201568

Dilip Ratha (Contact Author)

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

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