At the G8 Summit at Sea Island in 2004, the heads of state recognized the important role remittances play and called on the G8 countries to “work with the World Bank, IMF, and other bodies to improve data on remittance flows and to develop standards for data collection in both sending and receiving countries.” Since then, work has been ongoing on several fronts to improve the data available to users, including data reported in the framework of balance of payments statistics, and elsewhere. In July 2008, G8 heads of state further recommended that this work continue, and improving data on international remittances has been included as a sub-theme within the framework of the Global Remittances Working Group set up by the World Bank. This website provides access to materials related to this work, including papers and presentations prepared for the initial international meeting in Washington DC in 2005, subsequent work of the Luxembourg Group to produce a practical guide for data compilers, and a follow-up meeting scheduled for June 2009. International meetings Remittances in the balance of payments statistics Other useful links |
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