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Migrant Remittances

Money Sent by African Diasporans to Home Countries Help Pay for Education and Life Necessities

Amini Kajunju | Posted 12.21.2016 | Impact
Amini Kajunju

The remittances are making a significant impact on household spending and improved livelihoods of whole communities. Due to remittances to families, living expenses and emergencies are paid for making life easier in very difficult economic circumstances.

Getting SmaRT About Reducing Remittances Costs

Gloria Grandolini | Posted 06.14.2016 | Impact
Gloria Grandolini

When a Moroccan fruit-seller closes his stand each evening at the Porta Palazzo market in Turin, Italy, he thinks about how much money he made that day, how much he can send to his family back in Morocco that week, how much it will cost to send that money, and how many Dirhams his family will receive.

Toward a Migration Development Bank for Transition Economies

Otaviano Canuto | Posted 06.02.2016 | World
Otaviano Canuto

Labor migration and remittances may bring positive economic effects to developing countries. This is the case particularly in countries like those in Eastern Europe and Former Soviet Union members where remittances constitute high shares of foreign-currency revenues and GDP.

A Lifeline at Risk

Raymond C. Offenheiser | Posted 08.26.2014 | Impact
Raymond C. Offenheiser

The remittance corridor to Somalia is uniquely stressed -- and uniquely important. At the moment, Somalia's remittance system is its life-support, its economic engine and the glue holding its communities together.

Changes to CFPB Guidelines on Remittances Keep Responsible Providers in the Game

Janis Bowdler | Posted 01.30.2013 | Business
Janis Bowdler

One of the first moves by the newly minted Consumer Financial Protection Bureau (CFPB) was to issue a rule implementing new protections for money sent to loved ones abroad, known as remittances.

Your Wad Is My Bond: Are Diaspora Bonds Worth the Risk for Diaspora Africans?

Dele Meiji Fatunla | Posted 05.27.2012 | World
Dele Meiji Fatunla

Where remittances are often sent in response to family and community needs, diaspora bonds are a direct investment in the economy at the national level. Even though they are being explored for the first time by African governments, the idea of issuing diaspora bonds is not new.

Homeward Bound: Are Africans Leaving the U.S.?

Atim Oton | Posted 01.09.2012 | Black Voices
Atim Oton

Since 2001, I have periodically reconsidered why I am still here and the last three years even more so. Between terrorism and the financial crisis, most Africans, even from war-ridden countries are reconsidering.

Sensational Cases Expose Conditions Faced by Overseas Workers Throughout Asia

Rebecca Buckwalter-Poza | Posted 05.25.2011 | World
Rebecca Buckwalter-Poza

Each year, inhabitants of the least-developed Asian countries pursue the economic benefits of overseas employment despite the high social cost at home and possibility of injury at the hands of employers abroad.

Migrant Remittances To Poor Nations At $300 Billion Per Year

The New York Times | Jason DeParle | Posted 05.25.2011 | Business

THE money flows in dribs and drabs, crossing borders $200 or $300 at a time. It buys cornmeal and rice and plaid private school skirts and keeps the l...