Middle East Economic Survey
S&P Warns Of Risk Of Declining Remittance Inflows On MENA External Balances
Remittances are a significant source of foreign income for the economy of most of the Middle East and North African (MENA) countries. In 2008, total gross remittance inflows for Egypt, Lebanon, Jordan, Tunisia, and Morocco combined amounted to $27bn. The current global downturn is likely to reverse a positive trend registered in the recent past by the...