“Some of the world’s poorest people depend on the money they receive from relatives working in developed countries. In fact, this money dwarfs the world’s official foreign aid budget, and the gap is increasing. In 2011, total private flows of aid totaled $680 billion—almost five times the $138 billion official figure. This increase in private aid is great news for all concerned. Except, perhaps, for bureaucrats, who are loath to let good deeds go unpunished. World Bank and United Nations bean counters are denouncing remittance transfer fees as exploitative. The U.S. C.F.P.B. has issued a rule to crack down on supposed fraud and exploitation affecting the existing remittance-transfer infrastructure.”
http://www.fee.org/the_freeman/detail/sending-money-home-technology-or-bureaucracy
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