Dilip Ratha The World Bank New York, November 13, 2014 Session 1: Exploring nexus between financial sector development, inclusion & stability Substantive Informal Session on Private Finance Preparatory Process for the Third International Conference on Financing for Development Remittances and Development
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Dilip Ratha The World Bank - United NationsDilip Ratha The World Bank New York, November 13, 2014 Session 1: Exploring nexus between financial sector development, inclusion & stability
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Dilip RathaThe World Bank
New York, November 13, 2014
Session 1: Exploring nexus between financial sector development, inclusion & stabilitySubstantive Informal Session on Private FinancePreparatory Process for the Third International Conference on Financing for Development
Remittances and Development
Diaspora Financial Resources for Development
Remittances
Diaspora saving
Diaspora giving
Securitization of remittances
Contribution to sovereign credit rating
Remittances
$413 Billion Remittances
$135 Billion Aid
Remittances to developing countries are large ($435 billion in 2014), and more stable