Data released by the World Bank in Washington showed that India remained in the top spot, with $70 billion in remittances in 2013. Other large recipients according to the Bank are China ($60 billion), the Philippines ($25 billion), Mexico ($22 billion), Nigeria ($21 billion), Egypt ($17 billion), Pakistan ($15 billion), Bangladesh ($14 billion), Vietnam ($11 billion) and Ukraine ($10 billion). The World Bank in its release said: In terms of remittances as a share of GDP, the top recipients were Tajikistan (52 per cent), Kyrgyz Republic (31 per cent), Nepal and Moldova (both 25 per cent), Samoa and Lesotho (both 23 per cent), Armenia and Haiti (both 21 per cent), Liberia (20 per cent) and Kosovo (17 per cent).
Posted on: Tue, 15 Apr 2014 17:33:56 +0000
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