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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.
Most remittance flows from high-income countries to lower-income countries. [1] Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. [2] [3] A substantial share of remittance ends up in the hands of banks and money-transfer companies due to fees imposed on money ...
This is a list of countries based on the official development assistance (ODA) they have received for the given year. More comprehensive and current lists are available from the OECD (Table DAC2a) and the World Bank (Net official development assistance and official aid received (current US$)).
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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]
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.
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.)
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 ...