Caribbean with 45 private sector projects worth $250 million, leveraging more than $1 billion of additional investments, and 33 … development banks in Latin America and the Caribbean and in Asia and the Pacific. …

affect the household consumption expenditure and hence poverty. The findings suggest that reduction in remittances will … reduce gross domestic product, investment, and household consumption, which in turn will increase poverty. On the other hand …, the probability of households becoming poor decreases by 12.7% if they receive remittances. The poverty headcount ratio …

Poverty reduction in the Asia and the Pacific region in 2005-2008 had been quite significant. Despite the global crisis …, an estimated 150 million people exited extreme poverty by 2008 - from 903.4 million in 2005 to 753.5 million, bringing … the percentage of people living under the $1.25 per day poverty line to 21.9% from 27.1% in 2005. Poverty reduction was …

This study examines the potential of remittances for promoting economic growth and reducing poverty in Asian countries … poverty rate, but they tend to decrease the poverty gap and thereby ameliorate the depth of poverty. The estimates suggest … that a 10% increase in remittances decreases the poverty gap by about 0.7-1.4%. The paper also explores the robustness of …