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
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).
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
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.