Global recession withhold income flows to developing countries of workers who live outside the country this year, with Latin America and sub-Saharan Africa's most hard hit, said the World Bank, on Monday.
The World Bank projects the flow of money to developing countries will decrease 7.3 percent in 2009, became a 304 billion U.S. dollars.
In 2008 money that is sent soaring 15 percent to 328 billion U.S. dollars.
Flow of money is slowed in the fourth quarter last year, the creditors said in a report, after the global financial crisis accelerated the fall Wall Street investment bank, Lehman Brothers in September.
The decline in U.S. real estate sector, the center of the global crisis, is estimated to reduce the money for 6.9 percent of Latin American and Caribbean region.
The World Bank projects Sub-Saharan Africa will experience 8.3 percent decline in the flow of money.
However, remittance flows to South Asia and East Asia, "is strong" and is expected to go down "slightly" in 2009.
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