WB: Funds transfers to developing countries will be reduced
09:15, 14 July 2009
WASHINGTON. July 14. KAZINFORM /Aliya Altyngazina/ - According to the World Bank research, such countries as Tajikistan and Moldova depend on external funds transfer more than other developing countries. This kind of income makes up the bigger part of their GDP. India, China and Mexico are in the lead in the amount of money coming with migrant workers.
The WB experts forecast fund remittance to the developing countries will be reduced to USD 304 billion in 2009 due to the economy, while in 2008 is was USD 328 billion. The growth of unemployment however may result in toughening of the legislation of acceptance of migrants.