The World Bank Group headquarters bldg. in Washington, D.C. (Wikipedia)
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Expatriate remittances to Lebanon will continue to fall slightly in 2016, according to economist Ghazi Wazneh.Wazneh explained that around 65 percent of remittances to Lebanon come from oil-producing countries and this is why low oil prices will continue to have an impact on remittances.The World Bank revised downward expatriates' remittances to Lebanon in 2015 to $7.16 billion from a previous estimate of $7.5 billion.Lebanon This Week reported that Lebanon was the second largest recipient of remittances among 16 Arab countries and the third largest among 49 upper middle-income countries in 2015 .
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