Tuesday, October 10, 2017

Remittances to rise according to World Bank. Slight drop in cost of transfers from outside MENA region


Remittance inflows are expected to reach $7.87 billion this year, up 3.3 percent compared with 2016, according to the World Bank's Migration and Development Brief.

The remittance inflows for 2017 will account for 14.6 percent of the country's GDP.

Roger Melki, economist and consultant at Bank BEMO, said that the increase in interest rates on local deposits and the financial engineering operations of the Central Bank (BDL) are attracting more funds to the country.

He said tha...

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