Migration and Development Brief

Migration and Development Brief 9

Revised forecasts for remittance flows to developing countries in the light of a downward revision to the World Bank’s global economic outlook suggest a sharper decline of 5‐8 percent in 2009 compared to our earlier projections. This decline in nominal dollar terms is small relative to the projected fall in private capital flows or official aid to developing countries.
Author

Dilip Ratha, Sanket Mohapatra

Date
March
2009