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My country, Bolivia, received more than 10% of its GDP in such remittances.
Such remittances account for Mexico's second-largest source of foreign income, behind oil and gas exports.
The total of such remittances is expected to top last year's, $5.5 billion, one of the world's highest per capita rates.
Although these are now expected to fall from the $16 billion that Philippines abroad sent home in 2008, such remittances have held up well thus far.
Although many feared that such remittances would collapse too, the World Bank's figures show that they held up well, growing by an impressive 15% in the year.
Such remittances are important, says Dilip Ratha of the World Bank, but it is not enough to tap the income of migrants abroad.
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Second, when the migrant's risk structure across locations is such that remittances reduce the total variance of future consumption, remittances may be sent with a "precautionary investment motive".
Entire villages in Poland and Greece survived off such homely remittances in the 1950's.
To achieve the 17 sustainable development goals, said Unctad, African governments should use new revenue sources, such as remittances and public-private partnerships.
Other mitigating elements, such as remittances from the Georgian diaspora, should remain, though subject to the fluctuations of the global economy.
Those left behind by migrants get all sorts of benefits, such as remittances each year worth perhaps $300 billion - dwarfing the annual aid budgets of the 22 richest countries (of about $100 billion a year).
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