Remittance Trends 2007

World Bank publication: "Recorded remittances to developing countries are estimated to reach $240 billion in 2007. The true size of remittances including unrecorded flows is even larger. A near stagnation in remittance flows to Mexico and a deceleration in other Latin American countries contributed to a slowdown in the rate of growth of remittances. Nevertheless, the growth of remittances to developing countries remains robust because of strong growth in Europe and Asia. The remittance industry is experiencing some positive structural changes with the advent of cell phone and internet-based remittance instruments. The diffusion of these changes, however, is slowed by a lack of clarity on key regulations (including those relating
to money laundering and other financial crimes). Remittance costs have fallen, but not far enough, especially in the South-South corridors." From: http://siteresources.worldbank.org/EXTDECPROSPECTS/Resources/476882-1157133580628/BriefingNote3.pdf

Ethiopia: New Website Aims to Help Diaspora Find Jobs

"A newly Africa-wide job search website will benefit Africans in the Diaspora find jobs in their home country or elsewhere in the continent, owners of the website announced on Monday.
The website, named www.zebrajobs.com is a result of partnership between the Info Mind Solutions, an Ethiopian owned human resource development company and the US-based Danya International Inc." From: AllAfrica.com