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<div class="node"> <h2 class="title"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/escaping-from-poor-geography">Helping people escape from poor geography or poor governance - from World Development Report 2009</a></h2> <div class="submitted">Submitted by <a href="/web/20090206155134/http://peoplemove.worldbank.org/en/users/dilip" title="View user profile.">Dilip</a> on Thu, 01/29/2009 - 17:49. </div> <div class="content"><p><a href="https://web.archive.org/web/20090206155134/http://www.worldbank.org/wdr2009">World Development Report 2009</a>, the World Bank's annual flagship, has devoted a significant chapter to the migration of people. “Throughout history, mobility has helped people escape the tyranny of poor geography or poor governance,” argues Indermit Gill, the lead author, “...mobile people and products form the cornerstone of inclusive, sustainable globalization.”</p> <p><a href="https://web.archive.org/web/20090206155134/http://siteresources.worldbank.org/INTWDR2009/Resources/4231006-1225840759068/WDR09_11_Ch05web.pdf">The chapter</a> presents an excellent summary of the literature on migration. A new insight it offers is that "while the returns to scale in agriculture are constant, the returns to scale in manufacturing and services are increasing...A policy maker persuaded by the classical view would restrict the movement of labor...In contrast, a policy maker who recognizes the external benefits of human capital would do exactly the opposite, facilitating migration and clustering, particularly of workers with skills."</p> </div> <div id="rmore2"> <div class="rmore"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/escaping-from-poor-geography" title="Read the rest of this posting." class="node_read_more">READ MORE >></a></div> </div> <div id="linx"> <div id="linksbox"> <div class="links"><ul class="links inline"><li class="first blog_usernames_blog"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/blogs/dilip" title="Read Dilip's latest blog entries." class="blog_usernames_blog">Dilip's blog</a></li> <li class="comment_add"><a 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href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/brain-drain-and-global-mobility">"Brain drain" and the global mobility of high-skilled talent</a></h2> <div class="submitted">Submitted by <a href="/web/20090206155134/http://peoplemove.worldbank.org/en/users/sonia" title="View user profile.">Sonia</a> on Thu, 01/29/2009 - 16:56. </div> <div class="content"><p>Since the 1960s, much of the literature on the development impact of migration has focused on ‘brain drain,’ the emigration of qualified professionals from developing countries and the subsequent loss of skills (which occurs faster than the replacement rate).</p> <p>In the late 1990s, the literature shifted from brain drain to ‘brain gain,’ exploring the potential benefits of skilled migration arising from remittances, return migration, creation of trade and business networks, and the possible incentive effects of migration prospects on human capital formation at home.  You can see an extensive review of these issues <a href="https://web.archive.org/web/20090206155134/http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTPOVERTY/EXTMIGDEV/0,,contentMDK:21028240~menuPK:2865711~pagePK:210058~piPK:210062~theSitePK:2838223,00.html ">here</a>.</p> <p>The questions related to the global mobility of high skilled workers can be grouped into two areas:</p> </div> <div id="rmore2"> <div class="rmore"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/brain-drain-and-global-mobility" title="Read the rest of this posting." class="node_read_more">READ MORE >></a></div> </div> <div id="linx"> <div id="linksbox"> <div class="links"><ul class="links inline"><li class="first blog_usernames_blog"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/blogs/sonia" title="Read Sonia's latest blog entries." class="blog_usernames_blog">Sonia's blog</a></li> <li class="comment_comments"><a 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href="/web/20090206155134/http://peoplemove.worldbank.org/en/category/topics/knowledge" rel="tag" title="" class="taxonomy_term_128">Knowledge and Skills</a></li> </ul></div> </div> </div> <div class="node sticky"> <h2 class="title"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/newly-released-data-from-nine-countries">Newly released data from nine countries underscore the resilience of remittances</a></h2> <div class="submitted">Submitted by <a href="/web/20090206155134/http://peoplemove.worldbank.org/en/users/dilip" title="View user profile.">Dilip</a> on Thu, 01/29/2009 - 12:57. </div> <div class="content"><p align="left"><em>Contributions also made by <a href="https://web.archive.org/web/20090206155134/https://peoplemove.worldbank.org/users/sanket">Sanket</a></em></p> <p>Earlier this week, several countries reported monthly data for December 2008. As shown in figure 1, these data are in line with our expectations for 2008 (outlined in <a href="https://web.archive.org/web/20090206155134/http://siteresources.worldbank.org/INTPROSPECTS/Resources/334934-1110315015165/MD_Brief8.pdf">Migration and Development Brief 8</a>). For five Latin American countries together, remittances have remained almost flat. The growth of remittances to all nine countries in figure 1 taken together is exactly the same as that estimated in the brief (19.7 percent versus 20 percent).</p> <p><strong>Figure 1: Growth of remittances in 2008 for countries that report monthly data</strong></p> <p align="center"><img height="294" alt="" width="603" src="/web/20090206155134im_/http://peoplemove.worldbank.org/files/image/remittance-growth.jpg"/></p> <p align="left"><font size="1">* Actual data for Philippines and Kenya for January-November 2008; Dominican Republic for Jan-September 2008, and staff estimates for remaining months.<br/> <em>Source:</em> Central banks of the respective countries and DECPG Migration and Remittances team.</font></p> </div> <div id="rmore2"> <div class="rmore"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/newly-released-data-from-nine-countries" title="Read the rest of this posting." class="node_read_more">READ MORE >></a></div> </div> <div id="linx"> <div 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href="/web/20090206155134/http://peoplemove.worldbank.org/en/category/topics/remittance" rel="tag" title="" class="taxonomy_term_119">Remittance</a></li> <li class="taxonomy_term_156"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/category/user-tags/data" rel="tag" title="" class="taxonomy_term_156">Data</a></li> <li class="taxonomy_term_153"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/category/user-tags/financial-crisis" rel="tag" title="" class="taxonomy_term_153">financial crisis</a></li> <li class="last taxonomy_term_131"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/category/topics/policy" rel="tag" title="" class="taxonomy_term_131">Policy</a></li> </ul></div> </div> </div> <div class="node"> <h2 class="title"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/the-financial-crisis-and-immigration-policy-how-some-developed-countries-are-coping">The financial crisis and immigration policy: how some developed countries are coping</a></h2> <div class="submitted">Submitted by <a href="/web/20090206155134/http://peoplemove.worldbank.org/en/users/sonia" title="View user profile.">Sonia</a> on Fri, 01/23/2009 - 10:37. </div> <div class="content"><p>More restrictive immigration policies by developed country governments are being implemented as the financial crisis deepens. For example, the United Kingdom just <a href="https://web.archive.org/web/20090206155134/http://www.statewatch.org/news/2009/jan/uk-border-imm-citizenship-bill.pdf">published a bill</a> which contains some of the following measures:</p> <blockquote><p>1) Migrants who are not citizens or permanent residents of the UK will not have access to full services benefits and social housing; and </p></blockquote> <blockquote><p>2) Migrants will have to pay a levy towards schools, hospitals, and other local services so that that the new flows of UK immigrants do not put pressure on the community.</p></blockquote> <p><a href="https://web.archive.org/web/20090206155134/http://www.visabureau.com/australia/news/16-01-2009/immigration-tax-to-be-imposed-on-uk-migrants.aspx">According to the UK Visa bureau</a>, “the bill is part of the new Australian-style points –based system for immigrants introduced in stages last year, which aims to control UK immigration so that only those needed in the British economy move to the UK and no more.”</p> </div> <div id="rmore2"> <div class="rmore"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/the-financial-crisis-and-immigration-policy-how-some-developed-countries-are-coping" title="Read the rest of this posting." class="node_read_more">READ MORE >></a></div> </div> <div id="linx"> <div id="linksbox"> <div class="links"><ul class="links inline"><li class="first blog_usernames_blog"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/blogs/sonia" title="Read Sonia's latest blog entries." class="blog_usernames_blog">Sonia's blog</a></li> <li class="comment_add"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/comment/reply/122#comment-form" title="Add a new comment to this page." class="comment_add">Add new comment</a></li> <li class="node_read_more"></li> <li class="service_links_delicious"><a 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href="/web/20090206155134/http://peoplemove.worldbank.org/en/category/topics/demographics" rel="tag" title="How does the movement of people influence growth?" class="taxonomy_term_69">Demographics</a></li> <li class="taxonomy_term_153"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/category/user-tags/financial-crisis" rel="tag" title="" class="taxonomy_term_153">financial crisis</a></li> <li class="taxonomy_term_128"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/category/topics/knowledge" rel="tag" title="" class="taxonomy_term_128">Knowledge and Skills</a></li> <li class="taxonomy_term_76"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/category/themes/labor" rel="tag" title="" class="taxonomy_term_76">Labor</a></li> <li class="last taxonomy_term_131"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/category/topics/policy" rel="tag" title="" class="taxonomy_term_131">Policy</a></li> </ul></div> </div> </div> <div class="node"> <h2 class="title"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/india-to-nepal-remittance-service-launched">India to Nepal remittance service launched</a></h2> <div class="submitted">Submitted by <a href="/web/20090206155134/http://peoplemove.worldbank.org/en/users/sanket" title="View user profile.">Sanket</a> on Wed, 01/21/2009 - 12:13. </div> <div class="content"><p>The Reserve Bank of India (RBI) <a href="https://web.archive.org/web/20090206155134/http://www.rbi.org.in/scripts/FAQView.aspx?Id=67">announced the launch of the “Indo-Nepal Remittance Scheme”</a> for Nepali migrants in India.  This scheme allows migrants, including those who don’t have bank accounts, to send up to Rs. 50,000 (about $1000) in a single transaction. At the receiving end, the scheme allows recipients who don’t have a bank account to receive the transfer through a designated money transfer company.  This is indeed welcome news for those interested in reducing the burden on migrants and increasing the development impact of remittances in Nepal!  <br/>  <br/> There is no fee for a bank-to-bank transfer through any Indian commercial bank that participates in the National Electronic Fund Transfer (NEFT) to any bank in Nepal. For receivers who don’t have a bank account, there is a minimal charge of Rs 50 for a Rs 5000 transfer (1 percent of the transfer amount) and a flat fee of Rs. 75 for larger amounts upto Rs. 50,000. <br/>  </p> </div> <div id="rmore2"> <div class="rmore"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/india-to-nepal-remittance-service-launched" title="Read the rest of this posting." class="node_read_more">READ MORE >></a></div> </div> <div id="linx"> <div id="linksbox"> <div class="links"><ul class="links inline"><li class="first blog_usernames_blog"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/blogs/sanket" title="Read Sanket's latest blog entries." class="blog_usernames_blog">Sanket's blog</a></li> <li class="comment_comments"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/india-to-nepal-remittance-service-launched#comments" title="Jump to the first comment of this posting." class="comment_comments">1 comment</a></li> <li class="node_read_more"></li> <li class="service_links_delicious"><a href="https://web.archive.org/web/20090206155134/http://del.icio.us/post?url=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Findia-to-nepal-remittance-service-launched&title=India+to+Nepal+remittance+service+launched" title="Bookmark this post on del.icio.us." rel="nofollow" class="service_links_delicious"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/delicious.png" alt="Delicious"/></a></li> <li class="service_links_digg"><a href="https://web.archive.org/web/20090206155134/http://digg.com/submit?phase=2&url=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Findia-to-nepal-remittance-service-launched&title=India+to+Nepal+remittance+service+launched" title="Digg this post on digg.com." rel="nofollow" class="service_links_digg"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/digg.png" alt="Digg"/></a></li> <li class="service_links_reddit"><a href="https://web.archive.org/web/20090206155134/http://reddit.com/submit?url=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Findia-to-nepal-remittance-service-launched&title=India+to+Nepal+remittance+service+launched" title="Submit this post on reddit.com." rel="nofollow" class="service_links_reddit"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/reddit.png" alt="Reddit"/></a></li> <li class="service_links_facebook"><a href="https://web.archive.org/web/20090206155134/http://www.facebook.com/sharer.php?u=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Findia-to-nepal-remittance-service-launched&t=India+to+Nepal+remittance+service+launched" title="Share on Facebook." rel="nofollow" class="service_links_facebook"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/facebook.png" alt="Facebook"/></a></li> <li class="service_links_google"><a href="https://web.archive.org/web/20090206155134/http://www.google.com/bookmarks/mark?op=add&bkmk=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Findia-to-nepal-remittance-service-launched&title=India+to+Nepal+remittance+service+launched" title="Bookmark this post on Google." rel="nofollow" class="service_links_google"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/google.png" alt="Google"/></a></li> <li class="last service_links_technorati"><a href="https://web.archive.org/web/20090206155134/http://technorati.com/cosmos/search.html?url=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Findia-to-nepal-remittance-service-launched" title="Search Technorati for links to this post." rel="nofollow" class="service_links_technorati"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/technorati.png" alt="Technorati"/></a></li> </ul></div> </div> <div class="taxonomy"><ul class="links inline"><li class="first taxonomy_term_118"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/category/topics/migration" rel="tag" title="" class="taxonomy_term_118">Migration</a></li> <li class="last taxonomy_term_119"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/category/topics/remittance" rel="tag" title="" class="taxonomy_term_119">Remittance</a></li> </ul></div> </div> </div> <div class="node"> <h2 class="title"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/chinese-migrants-in-africa-and-vice-versa">Chinese migrants in Africa (and vice versa) </a></h2> <div class="submitted">Submitted by <a href="/web/20090206155134/http://peoplemove.worldbank.org/en/users/sanket" title="View user profile.">Sanket</a> on Thu, 01/15/2009 - 14:16. </div> <div class="content"><p>China's trade, aid and investment linkages with Africa have increased exponentially in the last few years. China-Africa trade <a href="https://web.archive.org/web/20090206155134/http://en.chinagate.cn/internationalcoop/2008-09/09/content_16415206.htm">rose ten-fold during 2000-07 to $73 billion</a>.  A <a href="https://web.archive.org/web/20090206155134/http://econ.worldbank.org/external/default/main?pagePK=64165259&theSitePK=469372&piPK=64165421&menuPK=64166093&entityID=000158349_20080428101826">recent research paper</a> co-authored with my colleagues <a href="https://web.archive.org/web/20090206155134/https://peoplemove.worldbank.org/users/dilip">Dilip</a> and <a href="https://web.archive.org/web/20090206155134/https://peoplemove.worldbank.org/users/sonia">Sonia</a> documents China's increasing financial involvement in Africa (see box on "New Players in Sub-Saharan Africa" on page 13). </p> <p>These links appear to have resulted in increased migration between Africa and China. Along with Chinese small business owners and migrant workers settling in African cities, Chinese companies involved in banking, construction, infrastructure, mining, and oil extraction projects in Africa also tend to bring along their workers.</p> </div> <div id="rmore2"> <div class="rmore"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/chinese-migrants-in-africa-and-vice-versa" title="Read the rest of this posting." class="node_read_more">READ MORE >></a></div> </div> <div id="linx"> <div id="linksbox"> <div class="links"><ul class="links inline"><li class="first blog_usernames_blog"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/blogs/sanket" title="Read Sanket's latest blog entries." class="blog_usernames_blog">Sanket's blog</a></li> <li class="comment_add"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/comment/reply/128#comment-form" title="Add a new comment to this page." class="comment_add">Add new comment</a></li> <li class="node_read_more"></li> <li class="service_links_delicious"><a href="https://web.archive.org/web/20090206155134/http://del.icio.us/post?url=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Fchinese-migrants-in-africa-and-vice-versa&title=Chinese+migrants+in+Africa+%28and+vice+versa%29+" title="Bookmark this post on del.icio.us." rel="nofollow" class="service_links_delicious"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/delicious.png" alt="Delicious"/></a></li> <li class="service_links_digg"><a href="https://web.archive.org/web/20090206155134/http://digg.com/submit?phase=2&url=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Fchinese-migrants-in-africa-and-vice-versa&title=Chinese+migrants+in+Africa+%28and+vice+versa%29+" title="Digg this post on digg.com." rel="nofollow" class="service_links_digg"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/digg.png" alt="Digg"/></a></li> <li class="service_links_reddit"><a href="https://web.archive.org/web/20090206155134/http://reddit.com/submit?url=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Fchinese-migrants-in-africa-and-vice-versa&title=Chinese+migrants+in+Africa+%28and+vice+versa%29+" title="Submit this post on reddit.com." rel="nofollow" class="service_links_reddit"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/reddit.png" alt="Reddit"/></a></li> <li class="service_links_facebook"><a href="https://web.archive.org/web/20090206155134/http://www.facebook.com/sharer.php?u=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Fchinese-migrants-in-africa-and-vice-versa&t=Chinese+migrants+in+Africa+%28and+vice+versa%29+" title="Share on Facebook." rel="nofollow" class="service_links_facebook"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/facebook.png" alt="Facebook"/></a></li> <li class="service_links_google"><a href="https://web.archive.org/web/20090206155134/http://www.google.com/bookmarks/mark?op=add&bkmk=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Fchinese-migrants-in-africa-and-vice-versa&title=Chinese+migrants+in+Africa+%28and+vice+versa%29+" title="Bookmark this post on Google." rel="nofollow" class="service_links_google"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/google.png" alt="Google"/></a></li> <li class="last service_links_technorati"><a href="https://web.archive.org/web/20090206155134/http://technorati.com/cosmos/search.html?url=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Fchinese-migrants-in-africa-and-vice-versa" title="Search Technorati for links to this post." rel="nofollow" class="service_links_technorati"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/technorati.png" alt="Technorati"/></a></li> </ul></div> </div> <div class="taxonomy"><ul class="links inline"><li class="first taxonomy_term_118"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/category/topics/migration" rel="tag" title="" class="taxonomy_term_118">Migration</a></li> <li class="last taxonomy_term_76"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/category/themes/labor" rel="tag" title="" class="taxonomy_term_76">Labor</a></li> </ul></div> </div> </div> <div class="node"> <h2 class="title"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/ethiopia-announces-first-diaspora-corporate-bond">Ethiopia announces first diaspora corporate bond </a></h2> <div class="submitted">Submitted by <a href="/web/20090206155134/http://peoplemove.worldbank.org/en/users/sanket" title="View user profile.">Sanket</a> on Wed, 01/14/2009 - 14:36. </div> <div class="content"><p>Ethiopia announced perhaps the first sub-sovereign corporate bond aimed at the diaspora. A <a href="https://web.archive.org/web/20090206155134/http://www.mfa.gov.et/Press_Section/Week_Horn_Africa_December_26_2008.htm">release by the Ethiopian Ministry of Foreign Affairs</a> says that the bond launched on December 23rd will provide funds to the Ethiopian Electric Power Corporation (EEPCO) for investments which will increase power supply to the nation, where only 27 percent of the people currently have access to electricity.</p> <p>The government-guaranteed bond will be issued for a minimum denomination of US$500, maturing in 5, 7 or 10 years (with interest rates of 4%, 4.5% and 5% respectively). The interest earned would be free of income tax.  The news that companies in developing countries are starting view migrants as a potential source of external (hard currency) finance is indeed noteworthy. I will post more details as they become available.</p> </div> <div id="rmore2"> <span class="readmore-fill"></span> </div> <div id="linx"> <div id="linksbox"> <div class="links"><ul class="links inline"><li class="first blog_usernames_blog"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/blogs/sanket" title="Read Sanket's latest blog entries." class="blog_usernames_blog">Sanket's blog</a></li> <li class="comment_comments"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/ethiopia-announces-first-diaspora-corporate-bond#comments" title="Jump to the first comment of this posting." class="comment_comments">1 comment</a></li> <li class="service_links_delicious"><a href="https://web.archive.org/web/20090206155134/http://del.icio.us/post?url=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Fethiopia-announces-first-diaspora-corporate-bond&title=Ethiopia+announces+first+diaspora+corporate+bond+" title="Bookmark this post on del.icio.us." rel="nofollow" class="service_links_delicious"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/delicious.png" alt="Delicious"/></a></li> <li class="service_links_digg"><a href="https://web.archive.org/web/20090206155134/http://digg.com/submit?phase=2&url=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Fethiopia-announces-first-diaspora-corporate-bond&title=Ethiopia+announces+first+diaspora+corporate+bond+" title="Digg this post on digg.com." rel="nofollow" class="service_links_digg"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/digg.png" alt="Digg"/></a></li> <li class="service_links_reddit"><a href="https://web.archive.org/web/20090206155134/http://reddit.com/submit?url=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Fethiopia-announces-first-diaspora-corporate-bond&title=Ethiopia+announces+first+diaspora+corporate+bond+" title="Submit this post on reddit.com." rel="nofollow" class="service_links_reddit"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/reddit.png" alt="Reddit"/></a></li> <li class="service_links_facebook"><a href="https://web.archive.org/web/20090206155134/http://www.facebook.com/sharer.php?u=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Fethiopia-announces-first-diaspora-corporate-bond&t=Ethiopia+announces+first+diaspora+corporate+bond+" title="Share on Facebook." rel="nofollow" class="service_links_facebook"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/facebook.png" alt="Facebook"/></a></li> <li class="service_links_google"><a href="https://web.archive.org/web/20090206155134/http://www.google.com/bookmarks/mark?op=add&bkmk=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Fethiopia-announces-first-diaspora-corporate-bond&title=Ethiopia+announces+first+diaspora+corporate+bond+" title="Bookmark this post on Google." rel="nofollow" class="service_links_google"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/google.png" alt="Google"/></a></li> <li class="last service_links_technorati"><a href="https://web.archive.org/web/20090206155134/http://technorati.com/cosmos/search.html?url=http%3A%2F%2Fpeoplemove.worldbank.org%2Fen%2Fcontent%2Fethiopia-announces-first-diaspora-corporate-bond" title="Search Technorati for links to this post." rel="nofollow" class="service_links_technorati"><img src="/web/20090206155134im_/http://peoplemove.worldbank.org/sites/all/modules/service_links/technorati.png" alt="Technorati"/></a></li> </ul></div> </div> <div class="taxonomy"><ul class="links inline"><li class="first taxonomy_term_120"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/category/topics/diaspora-matters" rel="tag" title="" class="taxonomy_term_120">Diaspora Matters</a></li> <li class="last taxonomy_term_127"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/category/topics/investments" rel="tag" title="" class="taxonomy_term_127">Investments</a></li> </ul></div> </div> </div> <div class="node"> <h2 class="title"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/sri-lankan-migrants-to-be-allowed-to-invest-in-government-securities">Sri Lankan migrants to be allowed to invest in government securities</a></h2> <div class="submitted">Submitted by <a href="/web/20090206155134/http://peoplemove.worldbank.org/en/users/sanket" title="View user profile.">Sanket</a> on Wed, 01/14/2009 - 13:09. </div> <div class="content"><p>Sri Lanka recently announced that it would open up the government securities market for its migrants abroad. Sri Lankan diaspora and migrant workers would be allowed to invest in rupee denominated treasury bills and treasury bonds.</p> <p>The press release by the <a href="https://web.archive.org/web/20090206155134/http://www.cbsl.gov.lk/">Sri Lanka central bank</a> suggests that this measure “…is expected to widen the investor base, diversify the Government Securities market, make it more convenient for Sri Lankans living abroad to access Government Securities, and to create a more stable Government securities market. This scheme will also provide a safe and highly liquid investment opportunity for Sri Lankans living abroad, while providing them with an attractive return on their investments.”</p> </div> <div id="rmore2"> <span class="readmore-fill"></span> </div> <div id="linx"> <div id="linksbox"> <div class="links"><ul class="links inline"><li class="first blog_usernames_blog"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/blogs/sanket" title="Read Sanket's latest blog entries." class="blog_usernames_blog">Sanket's blog</a></li> <li class="comment_comments"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/sri-lankan-migrants-to-be-allowed-to-invest-in-government-securities#comments" title="Jump to the first comment of this posting." class="comment_comments">1 comment</a></li> <li class="service_links_delicious"><a 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class="block block-block" id="block-block-5"> <h2 class="title">Welcome</h2> <div class="content"><p><font color="#808080"><font color="#808080"><img class="" height="89" alt="" hspace="5" width="65" align="left" src="/web/20090206155134im_/http://peoplemove.worldbank.org/files/image/dr-small(1).jpg"/>This blog is hosted by</font> <a href="https://web.archive.org/web/20090206155134/http://peoplemove.worldbank.org/users/dilip"><strong><font color="#006699">Dilip Ratha</font></strong></a></font><font color="#808080">, lead economist at the World Bank. Its goal is to leverage migration and remittances for development.  <br/> <a href="https://web.archive.org/web/20090206155134/http://peoplemove.worldbank.org/en/content/about"><strong>Learn more ...</strong></a></font></p> </div> </div> <div class="block block-block" id="block-block-7"> <h2 class="title">Related Links</h2> <div class="content"><ul> <li><font color="#993300"><strong>Website: </strong></font><a href="https://web.archive.org/web/20090206155134/http://www.worldbank.org/migration">Migration and Remittances</a> @ The World Bank</li> <li><font color="#993300"><strong>News: </strong></font><a href="https://web.archive.org/web/20090206155134/http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:21996712~pagePK:64257043~piPK:437376~theSitePK:4607,00.html">Remittances May Buoy Developing Countries Caught in Financial Crisis</a></li> </ul> </div> </div> <div class="block block-block" id="block-block-11"> <h2 class="title">Multimedia</h2> <div class="content"><ul> 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href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/newly-released-data-from-nine-countries">Newly released data from nine countries underscore the resilience of remittances</a></div></div> </li></ul></div></div></div> </div> </div> <div class="block block-views" id="block-views-Recent_Spanish_Posts"> <h2 class="title">Recent Spanish Posts</h2> <div class="content"><div class="view view-Recent-Spanish-Posts"><div class="view-content view-content-Recent-Spanish-Posts"><div class="item-list"><ul><li><div class="view-item view-item-Recent-Spanish-Posts"><div class="view-field view-data-node-title"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/se-estan-reduciendo">驴Se est谩n reduciendo las ofertas laborales para los inmigrantes a ra铆z de la crisis financiera?</a></div></div> </li><li><div class="view-item view-item-Recent-Spanish-Posts"><div class="view-field view-data-node-title"><a 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href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/ICE-sp">驴Ser谩 que el nuevo programa de la Agencia de Inmigraci贸n y Aduanas de los Estados Unidos dejara a muchos en el aire?</a></div></div> </li></ul></div></div></div> </div> </div> <div class="block block-views" id="block-views-recent_comments_view"> <h2 class="title">Recent comments</h2> <div class="content"><div class="view view-recent-comments-view"><div class="view-content view-content-recent-comments-view"><div class="item-list"><ul><li><div class="view-item view-item-recent-comments-view"><div class="view-field view-data-comments-subject"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/newly-released-data-from-nine-countries#comment-82">Ryan - Good point. What we</a></div><div class="view-field view-data-comments-name"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/users/dilip" title="View user profile.">Dilip</a></div></div> </li><li><div class="view-item view-item-recent-comments-view"><div class="view-field view-data-comments-subject"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/newly-released-data-from-nine-countries#comment-81">Liquidation of Savings</a></div><div class="view-field view-data-comments-name">Ryan Hahn (not verified)</div></div> </li><li><div class="view-item view-item-recent-comments-view"><div class="view-field view-data-comments-subject"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/sri-lankan-migrants-to-be-allowed-to-invest-in-government-securities#comment-79">Diaspora for Development</a></div><div class="view-field view-data-comments-name"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/users/sonia" title="View user profile.">Sonia</a></div></div> </li><li><div class="view-item view-item-recent-comments-view"><div class="view-field view-data-comments-subject"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/brain-drain-and-global-mobility#comment-77">Brain Bank or Brain Train?</a></div><div class="view-field view-data-comments-name"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/users/sonia" title="View user profile.">Sonia</a></div></div> </li><li><div class="view-item view-item-recent-comments-view"><div class="view-field view-data-comments-subject"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/content/brain-drain-and-global-mobility#comment-76">I never quite liked the</a></div><div class="view-field view-data-comments-name"><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/users/dilip" title="View user profile.">Dilip</a></div></div> </li></ul></div></div></div> </div> </div> <div class="block block-month" id="block-month-0"> <h2 class="title">Monthly Archives</h2> <div class="content"><div class="item-list"><ul><li><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/month/2009/02">February 2009 (2)</a></li><li><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/month/2009/01" class="active">January 2009 (8)</a></li><li><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/month/2008/12">December 2008 (9)</a></li><li><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/month/2008/11">November 2008 (3)</a></li><li><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/month/2008/10">October 2008 (4)</a></li><li><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/month/2008/09">September 2008 (12)</a></li><li><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/month/2008/08">August 2008 (8)</a></li><li><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/month/2008/07">July 2008 (5)</a></li><li><a href="/web/20090206155134/http://peoplemove.worldbank.org/en/month/2008/06">June 2008 (2)</a></li></ul></div></div> </div> <div class="block block-postsubscribe" id="block-postsubscribe-postsubscribe-block"> <h2 class="title">E-mail Notification</h2> <div class="content"><form action="/web/20090206155134/http://peoplemove.worldbank.org/en/month/2009/01" accept-charset="UTF-8" method="post" id="postsubscribe-block-form"> <div><div class="form-item"> <label for="edit-mail">E-mail: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="128" name="mail" id="edit-mail" size="20" value="" class="form-text required"/> </div> <div class="form-radios"><div class="form-item"> <label class="option"><input type="radio" name="action" value="subscribe" checked="checked" class="form-radio"/> Subscribe</label> </div> <div class="form-item"> <label class="option"><input type="radio" name="action" value="unsubscribe" class="form-radio"/> Unsubscribe</label> </div> </div><input type="submit" name="op" id="edit-submit-2" value="Submit" class="form-submit"/> <input type="hidden" name="form_id" id="edit-postsubscribe-block-form" value="postsubscribe_block_form"/> </div></form> </div> </div> <div class="block block-block" id="block-block-3"> <h2 class="title"></h2> <div class="content"><p><a href="https://web.archive.org/web/20090206155134/http://feeds.feedburner.com/peoplemove"><img alt="RSS Feed" align="absMiddle" border="0" src="/web/20090206155134im_/http://peoplemove.worldbank.org/files/feed.png"/></a> <a href="/web/20090206155134/http://peoplemove.worldbank.org/rss.xml">RSS Feed</a> | <a align="right" href="/web/20090206155134/http://peoplemove.worldbank.org/content/what-is-rss">What's this?</a></p> </div> </div> </td> </tr> </table> </div> <div id="footer"> <p><br/>© 2009 The World Bank Group. 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