13/4/2016/World Bank Remittances to developing countries grew only marginally in 2015, as weak oil prices and other factors strained the earnings of international migrants and their ability to send money home to their families, says the World Bank’s latest edition of the Migration and Development Brief, released today. Officially recorded remittances […]
Tag: Developing Countries
Amount of dirty money leaving developing world jumped 14 percent in 2011: report
Developing countries lost nearly $1 trillion to fraud, corruption and shady business transactions in 2011, vastly outpacing the foreign aid they received and the pace of dirty money leaving emerging nations is accelerating, a new report found. Illicit finance leaving the 150 developing countries totaled $946.7 billion in 2011, up […]
World Economy Still Fragile- World Bank Report
Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The World Bank Tuesday said four (4) years after the onset of the global financial crisis, the world economy remains fragile and growth in high-income countries is weak. This is contained in a Press Release on the Global Economic Prospects (GEP) Report by the World Bank […]
