Translation glossary: International Development

Thieme, S; Wyss, S (2005). Migration patterns and remittance transfer in Nepal: a case study of Sainik Basti in Western Nepal. International Migration, 53(5):60-98.

https://www.zora.uzh.ch/4030/

Diaspora Remittances Take Centre Stage in Africa’s Development

Diaspora remittances have, over the last decade, become very important because of the role they play in development efforts in developing countries across the globe. To determine the impact of migrant remittances on African economies, the African Development Bank (AfDB) Group has carried out a study, launched in Paris on January 28, 2008, on this new source of development finance. The Bank Group gives high priority to promoting remittances by migrant workers and their impact on Africa’s development. Several studies point to the fact that migrant remittances play an increasing role in the economies of high-migration countries. However, despite their importance, little is known about such financial flows in the direction of African countries. Several grey areas persist regarding the market structure or the utilization of these resources.

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