Dilip Ratha 




Working to lower remittance fees and provide innovative financing solutions for people, businesses, and governments


PeopleMove Blog

Remittances Migration

Diaspora Bonds

Shadow Sovereign Rating

Future-Flow Securitization




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Description generated with very high confidenceWelcome to my personal website.

A $100 Billion Idea: Harnessing migration for financing development goals, July 2015.

Migration and Remittances: Recent Developments and Outlook, 2017-19

Special topic: Recruitment Costs, Return Migration, October 2017. After two years of decline, remittance flows to developing countries are expected to rebound, to reach $450 billion in 2017. Recruitment costs for low-skilled migrant workers are exorbitant, regressive, a root cause of modern-day slavery. Remittance costs, especially for sending money to Africa, remains significantly higher than the Global Goal of 3%. Return migration, especially involuntary return, remains a major concern worldwide. Watch video presentation (5 mins), and BBC radio interview Money Transfers: Are They Too Costly? October 16, 2017.

Does Governing Law Affect Bond Spreads? Does it cost more to issue a bond under the English law? October 2016. After the financial crisis of 2008, the launch spread of sovereign bonds issued under U.K. law has been higher than those issued under U.S. law, by 130 basis points for BB+ bonds and 175 basis points for B- bonds.


Some useful data, resources






Migration and Remittances Factbook 2016

Shadow Sovereign Ratings. August 2011

Actual and predicted ratings for rated developing countries. June 2009

A Bond for the Homeland. May 2011

Diaspora bonds: Tapping the diaspora during difficult times. October 2010

Harnessing Diasporas. September 2011

Remittance Markets in Africa




Leveraging Migration for Africa: Remittances, Skills, and Investments

Diaspora for Development in Africa

Migration household surveys in Africa:

Burkina Faso




South Africa



Updated 11/11/2017