This paper provides a review of the literature on the development impact of migration and remittances on origin countries and on destination countries in the South. International migration is an ever-growing phenomenon that has important development implications for both sending and receiving...

Remittances remain a key source of funds for developing countries, far exceeding official development assistance and even foreign direct investment. Remittances have proved to be more stable than private debt and portfolio equity flows, and less volatile than official aid flows, and their annual...

Controlling for bond and issuer characteristics, bond spreads are expected to be equal across different legal jurisdictions, and differences are expected to disappear through arbitrage. However, an analysis of 435 U.S. dollar-denominated bonds issued by 53 emerging market sovereigns during...

This report attempts to fill that gap for two of the most important water-related issues facing the effects of climate variability and the steady degradation of the nation's water resources. The study reported here concluded that the El Niño-La Niña episode from 1997-2000 cost the country Ksh...

Given Sub-Saharan Africa's enormous resource needs for growth, poverty reduction, and other Millennium Development Goals, the development community has little choice but to continue to explore new sources of financing, innovative private-to-private sector solutions, and public-private...

IBRD and IDA lending commitments appear to reflect variations in borrowing countries' need for external financing to meet debt service commitments. This is true during financial crises and more tranquil times, suggesting that aid may be more fungible than previously believed

This brief aims to provide an update on key developments in the area of migration and remittance flows and related policies over the past six months. It also provides medium-term (three year) projections of remittance flows to developing countries

Even though multilateral loans may have behaved countercyclically with respect to private flows to Developing countries in the short term, these flows tended to complement private flows in the medium term by signaling, and often fostering, a better investment environment in the borrowing country