Migrants Sent Home $300 Billion in 2006
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Migrants around the globe sent more than $300 billion to their home countries last year, a "staggering" sum that surpassed foreign development aid and foreign direct investment and carries major development potential for poor nations if properly channeled, a report says.
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Â· Cases reviewed in effort to clear backlog from 1994Â· Illegal migrant found working at Home Office
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But at nearly $300 billion, it's not a screaming buy.
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More than $900 million was misappropriated from ChinaÂs $37 billion social security fund in the countryÂs latest massive government fraud.
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An unprecedented $13.6 billion in aid has boosted rebuilding, but political and economic challenges remain three years later.
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The US House of Representatives has given the government the green light to spend 20 million dollars to provide humanitarian aid to North Koreans inside and outside the country, and moved to make refugees from the country eligible for asylum in the United States.
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Legal capital flight from Russia more than tripled last year to &#36;7.9 billion from a year ago, while the volume of money that illegally left the country via shadowy business transactions jumped by more than 50 percent, the Central Bank said Thursday.
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Representatives of the Sudanese government and the southern rebel Sudan People's Liberation Movement (SPLM) urged the world community to provide 300 million dollars (244 million euros) in aid to cover emergency needs.
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The United States will accelerate the resettlement of about 7,000 Iraqis referred by the U.N. High Commissioner for Refugees and will contribute $18 million to the agency's appeal for Iraq, about one-third of the total, Undersecretary of State Paula J. Dobriansky said Wednesday.
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The countries plan to raise at least $300 million next year to help pay for the treatment of children with AIDS, tuberculosis and malaria.
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The U.S. is giving civic and economic projects in Jordan, Algeria, Morocco, Tunisia and Egypt, and on the West Bank &#36;18.5 million in contributions, the State Department announced Friday.
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Israel&#39;s security cabinet today approved a compensation plan that would pay roughly $200,000 to $300,000 to each Jewish family that leaves the Gaza Strip under Prime Minister Ariel Sharon&#39;s withdrawal proposal.
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The U.S. Congress approved a $300  million boost in emergency funds to help poor and elderly  Americans pay home heating bills that are expected to be  sharply higher than last winter.
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President Bush was sending Congress  on Monday an $82 billion package to fund U.S. military  operations in Iraq and Afghanistan, pushing the total for both  conflicts to nearly $300 billion.
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India is the second biggest foreign investor in London, and will contribute over Â£33m to its economy in 2006/7.
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Millions are travelling home for Chinese New Year in what is called the world's biggest human migration.
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With a falling dollar sweetening the deal for international travelers, a record-setting number of tourists visited the city last year, spending an estimated $28 billion, tourism officials said.