Asked if the decline in
remittances could spark a negative trend for the overall transfers to the Philippines in the coming months, Mapa said
remittance flows remain 'very healthy' and are 'more consistent than any other type of flows.' Thus they will continue to provide good support for the Philippine peso.
'We have a trend according to which the country receives comparatively higher
remittances before festivals,' he said.
This report provides a data-centric analysis of international
remittance market dynamics in South Africa to help companies understand business and investment opportunities along with risks.
For the first five months, Diokno said personal
remittances composed of cash and non-cash items that flow through both formal or via electronic wire and informal channels such as money or goods carried across borders rose by 4.
The Bangko Sentral ng Pilipinas (BSP) said bank-channeled
remittances went up by 4.5 percent year-on-year to $12.3 billion as of end-May.
With this, India has retained its top spot on
remittances, according to the latest edition of the World Bank's Migration and Development Brief.
We use the household surveys to quantify the relationship between receiving
remittances and being out of school at the level of individual children and find that children are 40% less likely to be out of school if they are in households which receive
remittances.
Remittance flows rose in all regions, most notably in Europe and Central Asia (20 per cent) and South Asia (13.5 per cent), followed by Sub-Saharan Africa (9.8 per cent), Latin America and the Caribbean (9.3 per cent), the Middle East and North Africa (9.1 per cent), and East Asia and the Pacific (6.6 per cent).
Remittance flows to the East Asia and Pacific region are expected to grow by 6.6 per cent in 2018, to $142 billion, 1.5 percentage points higher than the growth rate in 2017.
where [c.sub.o] is autonomous consumption, [c.sub.1] is the marginal propensity to consume, is the marginal propensity to consume out of
remittance income and R represents
remittance inflows.
Solid economic growth and low unemployment fueled the
remittance flows from the US and robust growth in the UK followed by an appreciation of the British pound against the dollar contributed to a major increase in dollar value of
remittances received from the UK.