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Kenya: This week the World Bank released data on the state of global remittances (Migration & Development Brief). Here is an analysis from online money transfer service WorldRemit of a few of the key findings:
Global remittances will grow slowly in 2015, but accelerate again in 2016/17: global remittances are projected to reach $586 billion in 2015, at a slower growth rate of 0.4% due to economic conditions. However, remittances are expected to accelerate again to reach an estimated $636 billion in 2017.
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