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Most & Least Federally Dependent States | WalletHub�

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Wednesday, April 15, 2015

Send Money Home, Build an Airport - Bloomberg Business

Send Money Home, Build an Airport
At present, these governments are squandering billions while millions live in abstract poverty with no tangible relief in sight. The present power structure does just enough to keep the peasants at bay.
"Remittances are critical: in the Philippines, they accounted for about 10 percent of GDP in 2013. Globally, they totaled more than double the official development assistance, or international aid last year. In addition, diaspora savings held by migrants from developing countries in their host nations were about $497 billion in 2013
"These investments can be mobilized through diaspora bonds marketed to overseas citizens, and future remittance flows can be used as collateral for international borrowings, Ratha said. Because these are large and more stable than many other types of capital flows, they can enhance a country’s sovereign credit rating, thus lowering borrowing costs and lengthening debt maturity. - Bloomberg Business

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