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  • SEANET Perspective No 3 – Reducing the financial burden of Indonesian
at March 10, 2017
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  • SEANET
  • DateMarch 10, 2017
 
SEANET Perspective No 3 – Reducing the financial burden of Indonesian

SEANET Perspective No 3

Reducing the financial burden of Indonesian

Author: Arianto A. Patunru and Rofi Uddarojat

In 2014, more than 400,000 Indonesians officially left their villages and joined millions of Indonesians who are working in foreign countries. They mostly come from low-income households in rural and remote parts of Indonesia. Through their regular remittances to local bank accounts they support their families and villages at home with more than USD 8 billion per year (2014). The World Bank estimated these remittances have lowered the poverty rate in Indonesia by 26.7% during 2000 – 2007. They are of tremendous importance for inclusive growth and equitable opportunities for the Indonesian countryside.

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