Remittances are a fascinating and oft neglected slither of global capital markets.
Flows are inherently difficult to measure but the World Bank estimates ‘developing’ countries received in excess of $300bn in 2009 and 2010 — around three times more than official aid flows. Read more
Another Tilt of the hat to our blogging brethren for the heads up about a primer on Egypt out Monday from Capital Economics.
We were struck by this chart showing the components of Egypt’s current account (im)balance. Click to expand: Read more
The slide in Mexico’s remittances has, according to BNP Paribas, showed few signs of abating.
In fact, the analysts say it could be accelerating: