{"id":4788,"date":"2011-12-02T18:45:43","date_gmt":"2011-12-02T18:45:43","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/12\/nigerian-migrants-others-sent-home-350bn-%e2%80%93-world-bank\/"},"modified":"2011-12-02T18:45:43","modified_gmt":"2011-12-02T18:45:43","slug":"nigerian-migrants-others-sent-home-350bn-world-bank","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/12\/02\/nigerian-migrants-others-sent-home-350bn-world-bank\/","title":{"rendered":"Nigerian migrants, others sent home $350bn \u2013 World Bank"},"content":{"rendered":"
\n

GENEVA\u00a0 \u2013 (AFP) \u2013 Migrant workers from developing countries will have sent home more than $350 billion in remittances by the end of this year, a World Bank report said Friday.<\/p>\n

The figure tops $400 billion for 2011 if money sent to high-income countries is included, said the report, released during the fifth meeting of the Global Forum on Migration and Development in Geneva.<\/p>\n

The top recipients of officially recorded remittances were India, which took in $58 billion, followed by China ($57 billion), Mexico ($24 billion) and the Philippines ($23 billion).<\/p>\n

Other top beneficiaries were Pakistan, Bangladesh, Nigeria, Vietnam, Egypt and Lebanon.<\/p>\n

\u201cDespite the global economic crisis\u2026 remittance flows to developing countries have remained resilient, posting an estimated growth of 8 percent in 2011,\u201d said Hans Timmer, director of the bank\u2019s Development Prospects Group.<\/p>\n

\u201cRemittance flows to all developing regions have grown this year, for the first time since the financial crisis.\u201d<\/p>\n

The World Bank expects a 7.3 percent rise in such payments in 2012 and a 7.9 percent increase in 2013.<\/p>\n

The two-day Global Forum meeting \u2014 attended by 160 nations and 30 groups \u2014 was opened Thursday by Swiss minister Simonetta Sommaruga, who called for stronger international collaboration in asylum policy.<\/p>\n

The body was set up in 2006 by then UN secretary general Kofi Annan to strengthen cooperation between migrants\u2019 countries of origin, transit and destination.<\/p>\n<\/div>\n

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GENEVA\u00a0 \u2013 (AFP) \u2013 Migrant workers from developing countries will have sent home more than $350 billion in remittances by the end of this year, a World Bank report said Friday. 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