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The declining amount of global ODA ($133bn£85bnbn) in 2011) is outgrown by remittance flows from migrants to developing countries ($327bn in 2011) as well as net equity inflows to developing countries ($571bn in 2010).
The upgrade, Fitch said, reflected a persistent current account surplus, underpinned by remittance inflows, while a "strong policy-making framework" — notably effective inflation management by the central bank — has supported the overall economy in recent years.
Real-estate firms are responding by developing peri-urban gated condominiums in a vernacular landscape shaped by remittance architecture.
Table 1 presents the descriptive statistics for the children, parent, and household variables by remittance reception status.
Figure 1 presents the schooling rates for urban and rural regions by remittance reception status and age.
Extending from this notion Bertram has suggested that Tongan (and other similar) households are characterised 'by remittance transfers among various component parts of the 'transnational corporations of kin' which direct the allocation of each island's family labour around the regional economy' [ 26].
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These are supplemented by remittances from relatives working elsewhere.
Most Tuvaluans are subsistence farmers and are aided by remittances from relatives working overseas.
It has been helped by remittances from Guatemalans in the United States.
Across the sub-continent, whole areas are sustained only by remittances.
Investment and private consumption also posted strong gains in 2013, both aided by remittances from Filipinos working abroad.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com