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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]
Among the countries that are not part of the development assistance committee but whose aid spending is tracked by the OECD, Turkey is the most generous, spending $6.84bn on foreign aid in 2023 ...
List of countries by remittances received; M. Merchantrade Asia; R. Remittances from the United States; Remittances to Azad Kashmir; Remittances to Bangladesh;
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.
List of countries by remittances received; List of countries by social welfare spending; List of countries by stock market capitalization; List of countries by share of income of the richest one percent; List of countries by share of population with access to financial services; List of countries by wealth per adult; List of countries without a ...
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.)