By this time next year, LIRNEasia will have much to say on this subject.
Western Union Empire Moves Migrant Cash Home – New York Times
With five times as many locations worldwide as McDonald’s, Starbucks, Burger King and Wal-Mart combined, Western Union is the lone behemoth among hundreds of money transfer companies. Little noticed by the public and seldom studied by scholars, these businesses form the infrastructure of global migration, a force remaking economics, politics and cultures across the world.
Last year migrants from poor countries sent home $300 billion, nearly three times the world’s foreign aid budgets combined.
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2 Comments
Donald Gaminitillake
Interesting from telegrames to money trasfers
In srilanka Ceylinco group promoted this product with lots of ad on TV “Uncle Johnson” sending the money to buy a wedding ring!!!!
Today Ceylinco is out of this western union but Peoples Bank has taken agency!!! Also I have seen NDB and Aitkenspence has joined.
Donald
Jimmy T
One would expect remittances to remain relatively stable because the money isn’t usually used for investments, but I guess unemployment is going to hurt just about everyone! Here is an interesting article on why remittances might fall in the next couple of years: https://www.mindreign.com/en/mindshare/Global-Economics/Remittances/sl35291137bp484cpp10pn1.html
Launch of the FutureWORKS Collective at an inception workshop in Negombo
The FutureWORKS Collective was officially launched at an inception workshop organised by the JustJobs Network on March 6-9, 2024 in Negombo, Sri Lanka. The workshop was the first in-person convening of the five regional hubs that will form the Global South research network.
LIRNEasia is hiring – Finance Officer
LIRNEasia is currently looking to fill the role of a Finance Officer. The full job description is available here.
LIRNEasia study seeks solutions for adolescents vulnerable to information disorder
In response to the alarming surge of information disorder affecting online platforms, LIRNEasia is exploring to provide evidence-based recommendations to policymakers on how best to equip Sri Lankan early adolescence with skills to navigate the digital world safely and responsibly. This is through a two-year research project on digital literacy among Sri Lankan adolescents aged 11 to 18.
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