SEANET Perspective No 3 – Reducing the financial burden of Indonesian

Reducing the financial burden of Indonesian migrant workers
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In 2014, more than 400,000 Indonesians officially left their villages and joined millions of Indonesians who are working in foreign countries. They mostly come from low-income households in rural and remote parts of Indonesia. Through their regular remittances to local bank accounts they support their families and villages at home with more than USD 8 billion per year (2014). The World Bank estimated these remittances have lowered the poverty rate in Indonesia by 26.7% during 2000 – 2007. They are of tremendous importance for inclusive growth and equitable opportunities for the Indonesian countryside

 

2017-03-10T02:50:23+00:00 10th March 2017|Seanet perspective|Comments Off on SEANET Perspective No 3 – Reducing the financial burden of Indonesian