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Chapter 8

Migrant Remittances and Development

D. Ratha and S. Mohapatra

Development Prospects Group, World Bank, Washington, DC, USA

Outline

Introduction

Remittances Reduce Poverty

Remittances Improve Health and Education Outcomes of Recipient Households

Remittances can Provide Funds for Small Business Investments and Entrepreneurial Activities

Remittances Tend to Remain Stable and are Often Countercyclical to Crises and Natural Disasters

Remittances can have Some Downsides

Remittances can have a Positive Impact on Economic Growth and Development in the Presence of Supportive Institutions

Remittances can Improve Access to Capital Markets

Cost of Sending Remittances has Declined Steadily, but Remains High in Some Corridors

Post Offices, Savings Cooperatives, ...

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