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Lebanon's remittance inflows to remain steady
- Lebanon: Thursday, November 29 - 2012 at 01:02
The World Bank has said Lebanon is set to witness a steady inflow of remittances this year, despite recent instability in the region, The Daily Star has reported. Inflows of remittances will post a slight decline of 0.4% to stand at $7.578bn in 2012, compared with $7.612bn in 2011. Remittances in 2011 were almost equal to those of 2010, reporting also a mere decline of 0.1% from $7.619bn. The steady inflow of remittances has positioned Lebanon as the second-highest receiver of remittances among Mena countries over the past three years after Egypt.
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