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Remittances, defined as monetary transfers made by migrants to their home countries, play a crucial role in global economies and the livelihoods of individuals and families. In some countries, remittances account for more than 30% of the total economic output.
These remittances represent an important source of funding for many developing countries, including Jordan. [36] According to the World Bank data on remittances, with about US$3 billion in 2010 Jordan ranked at 10th place among all developing countries. Jordan ranked among the top 20 recipients of remittances for the preceding decade.
One of the primary methods used to achieve this desired development was by using remittances. The project sought to better utilize remittances as a source for economic investment by first reducing the cost of formal remittance services, as well as increasing the availability of integrated financial services in the poorer regions of Mexico. [11]
To qualify as official development assistance, a contribution must contain three elements: Be undertaken by the official sector (that is, a government or government agency); With promotion of economic development and welfare as the main objective; At concessional financial terms (that is, with favorable loan terms.)
A map of official development assistance distribution in 2005. The distribution of high energy biscuits and medical supplies in Goma, Democratic Republic of the Congo by UNICEF, 2008. The DR Congo was the second highest recipient of international aid in 2011, receiving US $5.532 billion. [1]
Pages for logged out editors learn more. Contributions; Talk; List of countries by Official Development Assistance received
In 2013, 23% of all remittances globally were sent from the GCC region. The total official value was estimated to be approximately US$90 billion. [8] In 2016, Saudi Arabia was second on the list of remittance sending countries and other GCC member states were also among the top countries concerning outflows of remittances.
This is a list of development aid agencies which provide regional and international development aid or assistance, divided between national (mainly OECD countries) and international organizations. Agencies of numerous development cooperation partners from emerging countries such as India, Middle Eastern countries, Mexico, South Africa ...