Foreign remittances could overtake FDI and aid, says Asian Development Bank

Foreign remittances could overtake FDI and aid, says Asian Development BankThe Asian Development Bank — http://www.adb.org — predicted that in most developing countries in
Asia foreign remittances are growing at a rate that will make them exceed FDI flows and overseas development assistance combined in the near future. Foreign remittances are currently estimated to exceed US$200 billion annually, with four countries in Asia (India, the Philippines, China and
Pakistan) being the largest recipients. For these beneficiaries, foreign remittances have become a large and growing source of national income, a trend that is likely to continue. http://www.adb.org/Documents/Events/2005/ADB-IADB-MIF-UNDP/default.asp

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s