1 Increasing the Macroeconomic Impact of Remittances on Development 1 Dilip Ratha and Sanket Mohapatra Development Prospects Group The World Bank
Diaspora bonds are one such mechanism that can enable developing countries to borrow from their expatriate (diaspora) communities. 1 * Corresponding author. 1 See, in particular, Chapter 3 in Ketkarand Ratha ( 2009a ).
Leveraging Remittances for International Capital Market Access Dilip Ratha 1 Migrant remittance flows to developing countries are likely to exceed $167 billion in 2005.
1*3 Leveraging Remittances for Development Dilip. Ratha M igrant remittances have become a major source of external development finance. They can play an effective role in reducing poverty.
While the focus in the literature has been on South-North migration, the number of migrants between developing countries is estimated to be as large as the number of migrants moving from South to North (Ratha & Shaw 2007).
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Artatrana Ratha will be a Fulbright Scholar in his home country of India this fall. Monica Garcia-Perez is engaged in very interesting research at the Census in Washington on immigrant entrepreneurs.