Public Private Partnership required leveraging the Development impact of remittance flows to Asia, World Bank Report

Public Private Partnership required leveraging the Development impact of remittance flows to Asia, World Bank Report Remittances are becoming crucial part of the Economy in many Asian countries. The recent World Bank report released in May 2013 titled “Sending Money Home to Asia: Trends and opportunities in the world’s largest remittance marketplace”, reveals that remittances to Kyrgyzstan and Tajikistan are the highest in Asia at 32.2 per cent and 51.6 per cent of their respective GDPs. Three countries receive more than 10 per cent of GDP, ranging from Bangladesh (11.6 per cent) to Afghanistan (16.3 per cent) and Nepal (28.5 per cent). (World Bank, 2013: 10).