7 minutes agoBank transfer record to poor countries
Periskopi(8 years ago)
(8 years ago)Money transfers, an important source of income for poor countries, marked a rapid increase this year and are expected to record a new record, according to the latest World Bank report published today. The official figure of money sent to developing countries is expected to increase by 10.8 % [...]
The official figure of money sent to developing countries is expected to increase by 10.8 %s this year to reach $528 billion.
This new record comes after a considerable increase of 7.8% registered in 2017<18x1>, the institution in a statement, the ATSH writes.
In all, transfers to foreign countries, including transfers that are available to rich countries, are expected to increase to 689 billion in 2018, or an increase of 10.3%. /
