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Migrants’ RemittancesIn the Western BalkansData visualizationRead more about
The Results of Our Project
Here are the results of this project that was conducted for a period of 6 months.
About
About Our Project
International migration is one of the most important factors that affect economic relations between developed and developing countries in the 21st century. According to the United Nations (2009), more than 215 million people (3% of the world population) live and work outside the country of their birth. The money which these workers are sending to an individual in their home country is known as remittances.
Facts
Some Facts about Migrants’ Remittances
A striking increase in remittances flows is noticed in the past few years. The developing world is expected to receive $414 billion in migrant remittances in 2013, an increase of 6.3 percent over the previous year and this is projected to rise to $540 billion by 2016.
Migrants’ Remittances
Remittances to the low-income transition economies are estimated to grow by 10.8 percent and to reach $42.6 billion in 2013. With $9.3 billion, Ukraine remains the largest remittances’ recipient in the region in 2013, followed by Tajikistan with $4.1 billion, Romania with $3.6 billion and Serbia with $3.5 billion.
But, the true size of remittance flows, including unrecorded flows through formal and informal channels, is believed to be significantly larger. The size of remittance flows to developing countries is now more than three times that of official development assistance.
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The RRPP promotes social science research in the Western Balkans (Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro and Serbia). Social science research aids in the understanding of the specific reform needs of countries in the region and in identifying the long-term implications of policy choices. Researchers receive support through research grants, methodological and thematic trainings as well as opportunities for regional and international networking and mentoring. The RRPP is coordinated and operated by the Interfaculty Institute for Central and Eastern Europe (IICEE) at the University of Fribourg (Switzerland). The programme is fully funded by the Swiss Agency for Development and Cooperation (SDC), Federal Department of Foreign Affairs.
The views expressed in this web are those of the authors and do not necessarily represent opinions of the SDC and the University of Fribourg.
