Podcast appearances and mentions of dilip ratha

Millions of families around the world- even some countries, rely on workers living abroad to keep their economies afloat. In fact, global remittances reached a record $647 billion in 2022—three times that of official development assistance. Dilip Ratha is lead economist for migration and remittances at the World Bank. In this podcast, journalist Rhoda Metcalfe asks Ratha about his own experiences growing up in rural India and how they led him to become a leading voice on the power of remittances to reduce global poverty. Ratha says remittances are timely, large, stable, and best of all, they are countercyclical. Transcript: https://bit.ly/3QlDhyU Read Resilient Remittances at IMF.org/fandd

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Warar iyo Barnaamijyo Af Soomali ah In kasta oo sicir barar jiro, isla markaasna waddammada Europa iyo Markeeykanka ay maciishaddii aad u qaaliyoowday, haddana sida uu qabo Dilip Ratha oo madax dhaqaaleed ka ah bangiga adduunka ayaa sheegay in lacagaha la xawilo ay sii badan doonaan sannadkaan.Maxkamadda racfaanka ayaa xaqiijisay go'aankii maxkamadda degmada ee la xiriiray laba qareen oo u gudbiyey xogtii ciidanka ammaanka eedeeysaneyaal iyaga oo isticmaalaya aaladda Encrochatt. Sidee dhallaanka loo bari karaa in aan oogadooda lagu xadgudbin, mashruuc ururka badbaadinta dhallaanku bilaabay.

Inflation in the US was up 8.3% in April, down from a growth rate of 8.5% in March, hinting that the peak of inflation could be over. We get analysis from our business correspondent Michelle Fleury in New York. Shanghai is introducing new lockdown measures to try and halt the spread of coronavirus. Don Weinland is China business editor for The Economist, and describes the latest restrictions. Also in the programme, the BBC's Rahul Tandon reports on what happens to a country such as Ukraine when conflict means that cash stops flowing in normal ways. Remittances to low- and middle-income countries will slow down this year because of the war in Ukraine. That's according to a report from the World Bank. We speak to its lead author Dilip Ratha about the consequences. Spain is expected to become the first Western country to introduce menstrual leave, giving women who suffer from painful periods up to three days off per month. Chloe Caldwell, author of menstrual memoir The Red Zone: A Love Story, tells us why she welcomes Spain's decision. Alex Ritson is joined throughout the programme by Ralph Silva of Silva Research Network in Toronto in Canada, and Sushma Ramachandran, business journalist for the Tribune, who's in Delhi, India. (Picture: Supermarket shelves. Picture credit: Getty Images.)

This story was reported in collaboration with El Tímpano, a news outlet designed for and with Oakland's Latino and Mayan immigrants.Every Tuesday since the stay-at-home orders took hold last year, Dinora Hernandez heads to the food bank near her home in Oakland, California, to get milk, coffee, rice, canned fruit and oatmeal.She says that the assistance has been a lifeline for her, her three young kids and her mom in El Salvador.Related: Addressing migration requires long-term commitment, says analyst on Harris visit to Guatemala“It lets me send cash to my mom back home, to cover the basics,” said Hernandez, who managed to continue working minimal hours at a restaurant in Oakland during the pandemic, but has yet to return to her full-time schedule.Hernandez's determination to keep sending cash home, like many others around the world, startled Dilip Ratha, a lead economist at the World Bank who focuses on remittances.During the pandemic, the world's top economists like Ratha were surprised by the amount of cash that continued to circulate around the world, often in increments averaging $200.In all, people worldwide sent a total of $540 billion home last year, only dropping by 1.6% from 2019 — a smaller drop than during the 2009 global financial crash.Ratha had predicted that remittances would drop by 20% last year.They did slow down but then bounced back.“That sense of resilience was visible in all the regions of the world. We were very worried back in April and May of last year that the remittance flows would be completely shut down.”Dilip Ratha, lead economist, World Bank“That sense of resilience was visible in all the regions of the world,” he said. “We were very worried back in April and May of last year that the remittance flows would be completely shut down.”The remittances can help build a new home, or pay for kids' shoes, or just food.Related: ICE contracts at local, regional level spark contentious debate“Migrants are willing to cut costs if needed, skip a meal if needed, and send money home. That desire to help is what we continued to see during the pandemic.”People were also able to keep sending remittances thanks to stimulus checks, Ratha added. In the United States, however, undocumented immigrants were excluded from federal aid.In all, India received the most remittances — and might see more cash from abroad come in as the pandemic hits hard there, according to Ratha. China is the second-largest recipient — then Mexico. El Salvador is also among the top-receiving countries.Remittances to Latin America and the Caribbean increased by more than 6.5% to $103 billion last year. El Salvador is a top recipient of remittances, with nearly $6 billion flowing in from abroad last year — reflecting about 24% of El Salvador's economy.The amount also represents far more than the four-year, $4 billion in aid that the Biden administration has pledged to try and stem migration from El Salvador, Honduras and Guatemala.Related: ‘How to Report a Hate Crime' booklets empower Asian Americans amid rise in discriminationHernandez had also heard the news about El Salvador's Congress approving the use of bitcoin, the cryptocurrency, as legal tender. Relatives in El Salvador sent her articles about the announcement because Salvadoran officials say bitcoin might make it easier and cheaper to send money from abroad.Hernandez is intrigued but, like many others, isn't sure how bitcoin works. “Look, I know very little about it,” she said. “It's just very strange.”Ever since coming to the US two years ago, she has sent cash through a Western Union-style store near her house in Oakland. The service charges $10 per transaction, which Hernandez would prefer to avoid. Her mom in El Salvador needs every cent.“She needs it for food and her medication. My mom has diabetes and can get quite severe.”Dinora Hernandez of Oakland, California“She needs it for food and her medication,” Hernandez said. “My mom has diabetes and can get quite severe.”Worldwide, it's typical that remittances are spent on urgent needs.“This includes food and daily consumption items, but also the purchase of land and also investing in education,” said Aiko Kikkawa Takenaka, an economist at the Asian Development Bank.Related: Many asylum-seekers are returned at the US-Mexico border under Title 42. Advocates call it a ‘sham.'Hernandez says it's never been easy to send money home regularly. And she recently took a big financial hit. Until just about two weeks ago, her family was sharing an apartment with her sister's family in Oakland. But the landlord said too many people were living in the space and Hernandez had to move.Her rent shot up from $600 a month for the single room she was sharing with her family to $2,000 a month for the small two-bedroom apartment she is now renting. Drawings and writing by Cinthya Hernandez, 11, are posted on her family's refrigerator. For a school assignment, Hernandez wrote that when she “grows up, she wants to be a lawyer to defend migrants so that they don't have to suffer more and not be separated from their families.”   Credit: Monica Campbell/The World  It helps that Hernandez's partner just migrated up from El Salvador earlier this year, and is now working as a landscaper. The day before, he had spent $14 on a small plastic pool for the kids.Cynthia, 11, Hernandez's oldest child, was preparing to take the pool out to the apartment complex's driveway and fill it up. Hernandez smiles, but she is carrying a lot. She hopes things turn around in the US, so she can go back to working full time — and help her family back home more. “I want to send more money home,” she said. “Perhaps instead of $100, I can send $200 a month.”

Canadian drug company Biolyse have agreed to supply 15 million covid vaccine doses to Bolivia. But this is reliant on cooperation by vaccine producers Johnson and Johnson, or compulsory license. We hear from Biolyse's executive vice president John Fulton. According to a World Bank report, remittances to low and middle-income countries from citizens working abroad held up unexpectedly well in 2020, outstripping combined foreign direct investments and overseas development aid. The World Banks's Dilip Ratha explains. Also in the programme, the BBC's Vivienne Nunis examines the practice of recycling lead-acid car batteries, which poses a growing health hazard in many developing countries. Plus, as millions of people around the world start drifting back to the office following a lengthy period of working from home, our regular workplace commentator, Peter Morgan, discusses the implications. All this and more discussed with our two guests on opposite sides of the globe. Lori Ann LaRocco, author of Trade War: Containers Don't Lie and Sushma Ramachandran, columnist for The Tribune newspaper, in Delhi. (Picture: a man receives a vaccine in La Paz, Bolivia. Credit: Getty Images.)

In Kerala resilience has been a part of the conversation for quite a while before it became the word we all seem to be talking about. So, given its head start, what is Kerala doing to keep the well from going dry? In this episode, we explore how new efforts to build Kerala’s resilience are focussing on it’s two most important resources, rivers and remittances. Thanks to Anil Das, Dilip Ratha, Thomas Mathew , VD Satheesan and Dr V Venu. Kaalavastha is brought to you by the World Bank.

In Kerala resilience has been a part of the conversation for quite a while before it became the word we all seem to be talking about. So, given its head start, what is Kerala doing to keep the well from going dry? In this episode, we explore how new efforts to build Kerala’s resilience are focussing on it’s two most important resources, rivers and remittances. Thanks to Anil Das, Dilip Ratha, Thomas Mathew , VD Satheesan and Dr V Venu. Kaalavastha is brought to you by the World Bank.

Following the theme laid out in episode 1 and 2 on prioritizing environmental consciousness, in this episode we look into how Kerala's new resilience building activities are integrating this priority into its two most important resources, rivers and remittances. The rapid and recent urbanization of Kerala has put stresses on the consumption of both resources. The flow of remittances into the State brought with it a construction boom. This in turn changed land use to accommodate new personal residences and hotels and the subsequent increase in consumption of water. Rivers eroded, braided, and broke their banks due to obstructions, sand mining and silt deposition from the building activities and groundwater depleted from consumption.   Kerala is already acquainted with the effects of climate change, and this makes the need for river and water management even more critical. Therefore, how can we tap into the two resource flows of rivers and remittances, and do so responsibly and productively? Can we leverage remittances so that they are lucrative for the private investor as well as productive for public good?  Thanks to Anil Das, Dilip Ratha, Thomas Mathew, VD Satheesan, Dr V Venu, Bala Menon, Heather Fernandes, and Illika Sahu. Kaalavastha is narrated by Radhika Viswanathan. It is researched, written and produced by Radhika Viswanathan and Samyuktha Varma. Erwick D'souza composed the music.  For more information go to https://www.worldbank.org/keralapodcast (https://www.worldbank.org/keralapodcast) or email keralapodcast@worldbankgroup.org  

Ce n'est pas une bonne nouvelle pour les ménages africains, les transferts d'argent de la diaspora devraient reculer de 23% cette année, en raison de la pandémie de Covid et de ses conséquences économiques. Rue de Tolbiac à Paris, à la porte d'une agence de transferts de fonds, il y a foule. Aminata, une jeune Malienne qui travaille dans le domaine de la santé est venue envoyer de l'argent à sa famille à Bamako. « Sachant qu'ils sont en difficulté là-bas, il fallait envoyer de l'argent, même si c'est peu. Ils sont vraiment en difficulté là-bas. » Et vous arrivez à leur envoyer régulièrement de quoi tenir ?« Du mieux que l'on peut. De toute façon on est obligé de donner, tout en tenant compte de nos dépenses ici. » Si en France de nombreux travailleurs ont bénéficié des mesures de protection sociale, ce n'est pas le cas en Afrique. Cette femme est venue envoyer de l'argent à son frère qui travaille dans le tourisme en Namibie. Un secteur à l'arrêt depuis le début de la pandémie. « Tout est bloqué, les aéroports, tout ça, donc il ne peut pas faire son travail. Donc c'est pour le dépanner. C'est la première fois que je fais cela parce qu'il a toujours été indépendant. Je sais que son acitvité ne tourne plus. C’est pour cela que je l'ai fait de mon propre gré. » Ces travailleurs africains savent cependant qu'il est leur sera difficile dans les mois à venir d'aider les familles restées au pays. Cette année, la Banque mondiale prévoit que les transferts d'argent de la diaspora vers l'Afrique sub-saharienne vont baisser de 23%. Ils représentent actuellement 48 milliards de dollars. Le problème n'est pas seulement africain, il est planétaire, selon l'économiste Dilip Ratha qui s'exprimait ici sur le site web de la Banque mondiale à la mi-avril. « Il ne faut pas sous-estimer l’aspect humain de cette diminution des flux financiers. Si l’on regarde par exemple l’investissement direct étranger, ce sont des entreprises qui envoient l’argent et qui sont concernées. Mais avec les petites sommes que les migrants envoient, 50 dollars, cent ou deux cent, là on parle de centaines de millions, peut-être même d’un milliard de personnes dans le monde, qui sont concernées et affectées par cette baisse des transferts d’argent. » La crise économique en Europe et aux Etats-Unis fagilisera un peu plus les travailleurs migrants. Beaucoup risquent de perdre leur emploi. Or, les flux qu'ils génèrent vers l'Afrique sont essentiel. Dilip Ratha : « Quand les migrants envoient de l’argent à la maison, cela a un effet énorme sur la réduction de la pauvreté. Dans des pays comme le Népal, le soudan du Sud, la Somalie, ou Haïti, les transferts d’argent représentent 30% et parfois 50% du revenu national. Dans ces pays, les envois de fonds sont de véritables bouées de sauvetage pour un grand nombre de ménages, en particulier les plus fragiles.Si les transferts d’argent déclinent, ils tomberont dans la pauvreté. » Dans certains pays, la baisse des transferts diasporiques aura des effets bien plus immédiats pour les ménages d'Afrique sub-saharienne que celle de l'investissement direct étranger, ou encore la diminution des cours des matières premières.

For years before the coronavirus hit, Sergio Armas hustled to support his parents back home in Nicaragua. By day, he helped manage a small housekeeping business in San Francisco. At night, he served dinners at a popular Italian restaurant with views of the Golden Gate Bridge.The family breadwinner from afar, he typically wired his parents $300 every month for food, electricity and medicine. His father, 82, is blind and has heart problems. His mother, 68, has a neuromuscular disease and can't walk without getting winded. They rely on his support to survive.But it's been more than two months since Armas, 33, got his last paycheck — and two months since he wired them cash. “I'm the only one with the opportunity to help my family, and I can do nothing right now.”Sergio Armas, immigrant“I'm the only one here. I'm the only one with the opportunity to help my family, and I can do nothing right now,” he said recently. “I'm so worried about it. That's my main concern in this moment.”Immigrants across the globe share his worries. In normal times, millions of small financial transactions take place daily worldwide when immigrants wire a portion of their earnings to loved ones back home. Last year, these remittances totaled more than $550 billion, according to the World Bank. This year, the economic crisis is wrecking that cash flow. Worldwide, remittances are expected to fall a staggering 20% this year — plummeting by about $100 billion, according to a recent report by the World Bank.  “That is going to rupture an important lifeline to a large number of people,” said Dilip Ratha a lead economist at the World Bank on migration and remittances.Hundreds of millions will feel the financial hit in countries such as India, China, Mexico and the Philippines, which rely heavily on remittances from expats overseas. The economic ripple effects will also extend to smaller countries, such as those in Central America, along with Kyrgyzstan, South Sudan and Haiti.Related: A California hospital is translating coronavirus information for immigrantsThe fall in remittances is also far greater than the 5% decrease that resulted from the 2009 global recession. The effects of that economic crisis also took longer to hit.“It's not comparable in terms of the magnitude and unexpected loss of work within a couple of days,” said Manuel Orozco, senior director of remittances and development at the Inter-American Dialogue, a Washington, DC-based think tank. “In 2009, some people may have waited three months until they got the news. Here, it was mañana.”In addition, people who receive remittances typically have no other safety net. “People will not be able to compensate for it by just borrowing from some friends. They will have to cut their consumption of food and they will have to suffer.”Dilip Ratha, economist at the World Bank“People will not be able to compensate for it by just borrowing from some friends,” Ratha said. “They will have to cut their consumption of food, and they will have to suffer.”For Armas, receiving federal aid or unemployment benefits from the US government could help him keep his family in Nicaragua from suffering. But he cannot access that help because he does not have a Social Security number yet — a requirement for such relief. He was on the verge of receiving his green card, and thus his SSN when the pandemic hit and disrupted US immigration services.For now, Armas, like many undocumented immigrants, pays taxes using an Individual Taxpayer Identification Number, or ITIN, which the Internal Revenue Service issues to people who are ineligible for a Social Security number. People using an ITIN are excluded from the $1,200 check most Americans get under the $2.2 trillion stimulus bill passed by Congress in March. So are their spouses and children — whether or not they are US-born — if they file taxes jointly as a household.These restrictions anger Francisco Silva, Armas' husband. Though Silva is a US citizen, he is ineligible for relief under the stimulus bill since he and Armas file taxes together.“If you're paying taxes, if you are helping out the economy of this country, you should be OK to receive help,” Silva said. “But blocking that? I think it's really discriminatory.”The pair lives together in a working-class part of Richmond, just across the Bay Bridge from San Francisco, but a world away from the area's glitzy tech scene.California recently became the first state in the country to pledge financial aid for undocumented residents affected by the COVID-19 pandemic. It set aside $75 million to support them. A conservative group, the Center for American Liberty, is now legally challenging the funding, arguing that the funds will be administered by nonprofits that are not controlled by the state and that providing unemployment benefits to undocumented immigrants is unlawful.Related: Immigrants in US detention fear spread of coronavirusNationwide, immigrant advocates are raising funds to fill the gap as well, including the National Day Laborer Organizing Network (NDLON) based in Pasadena, California. The organization has launched a funding campaign that prioritizes assisting workers over 60 years old and with underlying conditions that make them more vulnerable to the coronavirus.Angela Sanbrano, NDLON's co-executive director, said it is a mistake to deny relief to certain immigrants. “This situation affects all of us,” she said. “If people do not see that connection, then we are in serious trouble.”  She pointed to a fact made by many economists: When people such as Armas can no longer send cash back to their relatives, those relatives may be forced to leave their homes in order to survive. “It will create a situation where people are going to say, well, I'm going to come to the United States, too,” Sanbrano said.Related: US deportation flights risk spreading coronavirus globallyThese days, Armas finds solace in his garden filled with tomato vines, budding passion fruit and newly planted mint. Pink and purple petunias border a small lawn, which also contains his grill and a patio strung with small light bulbs. He calls his mother every day. She says it's hot in Nicaragua, nearly 100 degrees. On a recent call, she sat in a wooden rocking chair holding a damp washcloth to keep cool and to swat away mosquitoes.“How are things there?” he asked her. “What do you want me to tell you?” she responded. “ Prices are rising. Rice, beans, salt, sugar — all more expensive.”After the call, Sergio took a moment to compose himself. “It's really hard to just think that I don't know what can happen with them. Expensive medicine, expensive everything over there."Sergio Armas, immigrant“It's really complicated. It's really hard for me,” he said. “It's really hard to just think that I don't know what can happen with them. Expensive medicine, expensive everything over there."As a stopgap, to help his parents, he is maxing out a credit card that he lets them use in Nicaragua. His husband is helping, too, but now his job is looking shaky. On Fridays, Armas visits church down the street for a free lunch. And he's up most nights worrying. “It's like 4 a.m., and I cannot sleep, thinking about what can I do. What I will do tomorrow?” he said.Two weeks ago, Armas finished building a new addition to one corner of the yard: an altar to the Virgin Mary. He arranged a portrait of her framed by white lattice and flowers. At night, he visits the altar and prays. “I watch the sky, and say thank you for everything,” he said. “Good things and bad things.” Armas knows he's not alone. Nearly all of his friends are going through the same thing — and so are all the families connected to them in other parts of the world.

Why it's time to start paying attention to the global remittances industry. Ed Butler speaks to Monica, a nurse from the Philippines working in the UK - one of millions of people around the world who regularly send money back to their families abroad. Dilip Ratha from the World Bank describes the scale of the money flows, and the persistently high costs of international money transfers. Ralph Chami from the IMF highlights the challenges such big inflows of cash can have on developing countries. And Elena Novokreshchenova from the company Remitly explains how technology can help reduce costs. (Photo: A bank teller counts bills in Manila, Philippines, Credit: Getty Images)

Varun (IMN Founder/Lead) sits down with Dr Dilip Ratha. Originally, a migrant from rural Orissa, Dilip is a world-renowned authority on international migration, remittances and development. He founded and now heads KNOMAD, a global knowledge hub on migration housed within the World Bank. We talk about international migration trends in the developing world, the role of policy, implications for development, remittances and Pico Iyer! It was an absolute treat listening to Dilip and we hope to have him back in future episodes. Produced by Nakul Aggarwal Theme Track from Kenji Kawai’s Ghost In The Shell (Original Soundtrack)

The story of global migration as a force shaping economies, politics, and cultures around the world is typically told via analysis of data and policies, with a focus on trends rather than individuals. Yet at the end of the day, migration is the most human of phenomena, and one that has been around as long as humans have been on the planet. This discussion with award-winning New York Times reporter Jason DeParle traces the arc of migration and its impacts through the life of an extended family of Filipino migrants that he has followed from the slums of Manila to the Houston suburbs over three decades. Marking the launch of DeParle's new book, A Good Provider Is One Who Leaves: One Family and Migration in the 21st Century, this conversation with MPI's Andrew Selee and the World Bank's Dilip Ratha explores migration at both a global and very personal level. As he chronicles the story of three generations of a Filipino family, DeParle documents the personal, cultural, and economic challenges and opportunities the family faces, whether as migrants or those remaining behind. His reporting and analysis on immigration trends, the costs and rewards of migration to both sending and receiving communities, and examination of the political and economic questions surrounding migration offer the opportunity for a rich discussion. 

Om pengarna som korsar gränser och når bortom hjälporganisationer och bankkontor. Världens migranter skickar allt mer pengar till släkt och vänner. Vad används de till, hur skickas de och varför försvinner så mycket på vägen? Hör röster från Buenos Aires, Kos och Rinkeby om villkoren för det dolda biståndet. I samband med den flyktingkris som just nu pågår är vi många som funderar på hur man kan hjälpa människor som befinner sig på flykt, eller lever i fattigdom. Det finns faktiskt ett sätt som det talats ganska lite om, ett sätt som redan praktiseras i hundratals tobaksaffärer och växlingskontor över hela världen, nämligen pengaförsändelser som världens migranter skickar hem till släktingar och vänner, det som kallas remitteringar. Det är dagens ämne i Konflikt. Det är inga småsummor det handlar om. Bara i år beräknas runt 440 miljarder dollar skickas på det här sättet människor emellan. Det är mer än tre gånger så mycket som världens samlade bistånd. Konflikts producent Anja Sahlberg ringde upp Dilip Ratha, som är expert på migration och remitteringar på Världsbanken, för att prata om det som han kallar ”Dollarsedlar inslagna i kärlek”. Gäster i studion är Lisa Pelling på tankesmedjan Arena idé, som skrivit sin avhandling om remitteringar och Diviesh Vithlani, tidigare chef för omvärldsanalys på Swedbank. Ett ord som ofta återkom i de intervjuer vi gjorde inför det här programmet är ”livlina”. Ett land som är i skriande behov av familjemedlemmars hemskickade pengar är Somalia. Det finns beräkningar som visar att nära hälften av invånarna i landet lever på remitteringar. Det enklaste, och ibland det enda, sättet att skicka pengar just dit är att gå via så kallade ”hawala-agenter”. För med hawala kan man nå platser som har helt andra finansiella strukturer, eller inget banksystem alls. Konflikts Gilda Hamidi-Nia åkte till ett hawala-kontor i Rinkeby utanför Stockholm för att ta reda på mer. Problemen med att skicka pengar mellan länder och mellan människor har lett till att andra alternativ dykt upp runt om i världen de senaste åren. Hawala är ett exempel, men det finns fler aktörer som vill in på den växande marknaden av migranter som vill undkomma bankernas höga avgifter och krav. Flera företag försöker nu lansera den digitala valutan bitcoin som en lösning. Vår Latinamerikakorrespondent Lotten Collin reste till Argentina, där bitcoin-användarna blir fler och fler. Dagens program börjar på ett Western Union-kontor i Skärholmen, och vi slutar på samma ställe - fast i andra ändan. Ekots Alice Petrén ger en bild från ett kontor på den grekiska ön Kos, dit flyktingar kommit för att ta ut pengar. Programledare: Kajsa Boglind kajsa.boglind@sverigesradio.se Producent: Anja Sahlberg anja.sahlberg@sverigesradio.se

Dilip Ratha innovative thinker in development finance including remittances, diaspora bonds, sovereign ratings, and structured finance. Lead economist and manager of the Migration and Remittances Unit, World Bank, Expert on global economics, Pioneer of remittance alternatives and Global TED Speaker 2014 Dr. Joseph Parent highly respected and sought-after keynote speaker and executive coach in Performance Psychology for Business, teaching the path to success through peak performance principles. He has a PhD in Social Psychology, and has practiced and taught Mindful Awareness in the Buddhist tradition for over 40 years. He is a renowned PGA TOUR and LPGA Performance Coach who helped major champions Vijay Singh and Cristie Kerr to achieve #1 in the World Golf Rankings. Dr. Parent is the best-selling author of several books, including ZEN GOLF: Mastering the Mental Game, which has sold over a half-million copies in ten different languages, in print, digital, and audio formats, and the newly released ZEN TENNIS: Playing in the Zone. He is currently working on a business book, ZEN WORKING: You Must Be Present to Win

http://www.worldbank.org/ - Did you know that the billions of dollars migrants send home to their countries each year far surpass the total amount of money that international aid agencies give annually? Mr. Dilip Ratha is a lead economist for the World Bank Group in Washington DC, and is a migrant himself. He says the money, called remittances, which international migrants send to their families and friends, is leading to healthier, more educated communities. Such remittances should be encouraged, says Ratha, who argues that regulations now controlling money sending are unnecessary.

In 2013, international migrants sent $413 billion home to families and friends — three times more than the total of global foreign aid (about $135 billion). This money, known as remittances, makes a significant difference in the lives of those receiving it and plays a major role in the economies of many countries. Economist Dilip Ratha describes the promise of these “dollars wrapped with love” and analyzes how they are stifled by practical and regulatory obstacles.

En el 2013, los inmigrantes internacionales enviaron $413 mil millones a casa, a familiares y amigos, tres veces más que el total de ayuda extranjera (alrededor de $135 mil millones). Este dinero, las remesas, hacen una gran diferencia en la vida de los que la reciben y juegan un papel importante en las economías de muchos países. El economista Dilip Ratha describe la promesa de estos "dólares envueltos con cariño" y analiza cómo salen afectadas por prácticas y obstáculos regulatorios.

Em 2013, migrantes internacionais enviaram 413 bilhões de dólares para família e amigos; três vezes mais que o total de ajuda internacional (aproximadamente 135 bilhões de dólares). Essas quantias, chamadas de remessas, fazem uma diferença significativa nas vidas daqueles que as recebem, e têm um papel importante nas economias de muitos países. O economista Dilip Ratha descreve a promessa desses "dólares embalados com amor" e analisa como eles são sufocados por práticas e obstáculos regulatórios.

En 2013, les migrants internationaux ont envoyé 413 milliards de dollars chez eux, à leurs familles - soit trois fois plus que le total de l'aide étrangère globale (environ 135 milliards de dollars). Cet argent, connu sous le nom de versements, change la vie de ceux qui le reçoivent et joue un rôle considérable dans l'économie de nombreux pays. L'économiste Dilip Ratha raconte la promesse de ces dollars « emballés avec amour » et analyse la manière dont ils sont régis par des règles et des pratiques qui les étouffent.

Dilip Ratha, a leading economist on migration, looks at the contribution made by overseas Africans.