Officially recorded remittance flows to developing countries reached an estimated $401 billion in 2012, growing by 5.3 percent compared with 2011. Remittance flows are expected to grow at an average of 8.8 percent annual rate during 2013-2015 to about $515 billion in 2015. Employment conditions...

Remittances remain a key source of funds for developing countries, far exceeding official development assistance and even foreign direct investment. Remittances have proved to be more stable than private debt and portfolio equity flows, and less volatile than official aid flows, and their annual...

Cover -- Contents -- Foreword -- Acknowledgments -- Highlights -- Data Notes -- Abbreviations -- Migration and Remittances: Top Countries -- South-South Migration versus South-North Migration -- Remittances Compared with Other Resource Flows -- World -- Developing Countries -- Regional Tables --...