Friday, 25 February 2011

An Egyptian diaspora bond?

Remittances are a fascinating and oft neglected slither of global capital markets.

Flows are inherently difficult to measure but the World Bank estimates ‘developing’ countries received in excess of $300bn in 2009 and 2010 — around three times more than official aid flows.

In a report out Thursday the CBO estimates that in 2009 $48bn of these remittances came from the US.

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