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The financial crisis has highlighted the need for forecasts of remittance flows in many developing countries where these flows have proved to be a lifeline to the poor people and the economy. This note describes a simple methodology for forecasting country-level remittance flows in a manner consistent with the medium-term outlook for the global economy. Remittances are assumed to depend on bilateral migration stocks and income levels in the host country and the origin country. Changes in remittance costs, shifts in remittance channels, global exchange rate movements, and unpredictable immigration controls in the migrant-destination countries pose risks to the forecasts. Much remains to be done to improve the forecast methodology, data on bilateral flows, and high-frequency monitoring of migration and remittance flows.

Agriculture & Farming Systems --- Currencies and Exchange Rates --- Debt Markets --- Economic growth --- Emerging Markets --- Finance and Financial Sector Development --- Foreign exchange --- Globalization --- Growth rates --- Rapid growth --- Remittances

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Drawing on the findings from responses to a survey conducted in 2008-09 from 114 central banks worldwide (of which 33 are in Africa), Migrant Remittance Flows aims to better understand how central banks and other national institutions regulate and collect data and other information on cross-border remittance flows. Findings indicate that, although the vast majority of countries, in both sending and receiving countries, collect data on remittances, and 43 percent of receiving countries estimate informal remittances, there is a need for more frequent and better coordinated data collection, both

Banks and banking, Central -- Statistics. --- Emigrant remittances. --- Emigration and immigration -- Economic aspects -- Statistics. --- Emigration and immigration -- Economic aspects. --- Emigrant remittances --- Emigration and immigration --- Banks and banking, Central --- Immigration & Emigration --- Political Science --- Law, Politics & Government --- Economic aspects --- Economic aspects. --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Immigration --- International migration --- Migration, International --- Immigrant remittances --- Remittances, Emigrant --- Banks and banking --- Population geography --- Assimilation (Sociology) --- Colonization --- Foreign exchange