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Remittance growth of 5% in 2022 despite adverse global developments

by archyde

The World Bank said on Wednesday that remittances from expatriates to their low- and middle-income countries increased by about 5% to approximately $626 billion in 2022, representing about half of the increase recorded last year, and that the increase is expected to slow further to about 2% this year. next.

This increase comes despite the adverse developments witnessed in 2022 at the global level.

Remittances are a vital source of income for families in low- and middle-income countries, helping to reduce poverty and build resilience, as well as improving school enrollment rates for children.

The World Bank said in its latest statement on migration and development that officially registered remittances increased in 2022 with the reopening of host economies and increased employment amid the receding of the Corona pandemic, but the rise in prices negatively affected the real income of expatriates.

The report said the forecast for a strong growth rate for 2022 was clear given that it came after a 10.2 percent increase in 2021. Global remittance flows, including to advanced economies, are expected to reach $794 billion in 2022, according to the report.

According to the bank, the appreciation of the Russian ruble after the start of the war in Ukraine was reflected in the increase in the value of remittances out of Russia to Central Asia, when calculated in dollars, while the weakness of the euro reduced the value of remittances to North Africa and elsewhere.

He said remittance growth is expected to decline further in 2023 as GDP growth continues to slow in high-income countries.

“Downside risks remain significant, including a further deterioration in the war in Ukraine, volatility in oil prices and currency exchange rates, and a deeper-than-expected downturn in major high-income countries,” the report said.

He added that India is expected to be at the top of the top five countries receiving remittances in 2022 with a new record of $100 billion, followed by Mexico with $60 billion, then China, the Philippines and Egypt.

Kingdom + Reuters

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Real Madrid news: Perez’s plan to overthrow Barcelona… and UEFA’s move towards the Super League

by archyde

Learn about Real Madrid news on Wednesday, October 19, 2022, and what is the most prominent thing going on inside the royal house and news of deals and transfers related to the team?

A state of euphoria experienced by Real Madrid, which makes a great start in the Spanish League, and happiness reaches its peak after beating Barcelona in the Clasico.

On the sidelines of this case, multiple issues related to Real Madrid are raised, starting with the flare-up of the dispute between Kylian Mbappe and Paris Saint-Germain and his threat to leave.

Mbappe is the name most associated with Real Madrid in recent years, but every time a deal is about to be completed, something happens that makes things go downhill.

The name of Real Madrid was also mentioned in Neymar’s file and his trial in Barcelona, ​​​​in what became known in the media as the “Neymar 2” case, as the Catalan newspapers began to indicate that Florentino Perez, the president of Real Madrid, was behind the reopening of this file.

Neymar himself also demanded a better position than Real Madrid’s Vinicius Junior in the Ballon d’Or awards, noting that he should at least be one of the top 3 players.

Transfer Market: European club deals in Mercato summer 2021

In this topic, we review together the latest news from Real Madrid and what deals are taking place in the vicinity of the Royal Club and the last scenes from inside the Real Madrid stronghold.

Real Madrid news today, Wednesday, October 19, 2022

The matter is more complicated than it seems, what is currently taking place in Barcelona from the hearings in what has become known in the media as the “Neymar Case 2” includes details and information that is not insignificant.

The new case is brought by the Brazilian investment group “DIS”, which owned 40% of Neymar’s economic rights during his time at his former Brazilian club, Santos.

A new crisis in Paris Saint-Germain, and its hero this time is the usual hero of all the crises of the French club this season, which is Kylian Mbappe, who threatens to leave because of his colleague Neymar.

Mbappe was the talk of the hour in the first weeks of the last summer transfer period, due to his refusal to move to Real Madrid in order to renew to Paris until 2025.

According to the French newspaper “El País”, Mbappe threatened to rebel against his club and not fulfill his contract, in the event that Brazilian striker Neymar continues with the team.

It’s a joke.. That’s how Brazilian striker Neymar described the Ballon d’Or order, protesting the position occupied by Vinicius Junior, the Real Madrid winger.

The Ballon d’Or for the best player in the world for 2022 was awarded to French striker Karim Benzema, which Neymar did not object to, as he believes that the player deserved it.

But the problem was in Vinicius’ ranking, which raised the admiration of many followers, not only Neymar, because of the distinguished role he played in Real’s victory in the Champions League and the Spanish League last season.

No retreat, no surrender, is the clear message from the clubs based in the Super League, amid a strong desire to strive towards the establishment of the championship.

The Super League proposal officially appeared in mid-2021 with the participation of the top Europeans in a tournament limited to a specific group of teams, in a parallel competition to the European Champions League with the appearance of only the top of the continent and the exclusion of the young ones.

Most of the participating clubs quickly retreated from the matter, with others, led by Real Madrid, Barcelona and Juventus, holding on, despite the anger of the fans and everyone’s opposition to the idea that would eliminate the strength of the Champions League and major leagues.

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Perez closes Real Madrid’s door to Mbappe: We have Vinicius and Rodrygo

by archyde

On the sidelines of the Ballon d’Or ceremony, Real Madrid’s president responds to rumors of Kylian Mbappe’s departure from Paris Saint-Germain.

Real Madrid president Florentino Perez has clearly downplayed reports that Kylian Mbappe wants to leave Paris Saint-Germain.

Mbappe allowed the Real Madrid train to pass from his station last summer, after his decision to extend with Paris Saint-Germain until 2025.

Mbappe’s decision angered Perez, who made the French international his priority in the transfer market to the point of not getting involved in the Norwegian file Erling Haaland, and as a result Real Madrid did not sign any of them.

Since then, Perez has not hesitated to send some veiled messages to Mbappe, saying in a video clip taken by a fan weeks ago about the Frenchman: “Poor, he must be feeling remorse already.”

And French press reports came out last Tuesday confirming that Mbappe already regretted the decision to extend his contract with Paris Saint-Germain, and wanted to leave in January, which he has denied since then.

Nevertheless, it was enough to re-launch Mbappe’s relationship with Real Madrid, and the Ballon d’Or was the perfect opportunity to ask Perez himself about it.

When asked after the concert, Peres said: “The rumors about Mbappe? I’m not just tired, I don’t even read what is being said on this subject anymore.”

“We had a good summer, now it doesn’t make sense, we have a great future with Vinicius and Rodrygo, two stars who can win the Ballon d’Or.”

It seems that Perez decided not to open the door again in the face of Mbappe, when he added to the Frenchman’s pain by confirming that Real Madrid had two stars who could actually win the Ballon d’Or.

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Mbappé leaves PSG in 2023: fed up with unfulfilled promises, asks to leave in the winter market | Real Madrid | PSG vs. Benfica | Champions League | FOOTBALL-INTERNATIONAL

by archyde

wants to be the protagonist of a new soap opera in the . Not happy with having made his renewal with the A whole novel in the first half of the year, this time the Gallic striker returns to draw the attention of the football planet, after requesting his departure from in the winter pass window, which opens on January 1, 2023. According to information from RMC Sport, and which has also been confirmed by the Marca newspaper, the relationship between the player and the club is completely broken.

The aforementioned media indicate that Mbappé feels he has been cheated in the renewal he signed with PSG last May. In order for him to extend his stay in the Parc des Princes, beyond June 2022, the ‘Turtle’ was made some proposals that for the player have not yet been fulfilled nor are they on the way to doing so.

For example, the world champion in Russia 2018 requested a series of reinforcements in the market last summer and his demands were not met. The high command of PSG did not sell Neymar either, a request made by Kylian when they were negotiating the renewal of the contract, which was signed until 2025, and not 2025 as they wanted to believe.

Marca and RMC Sports claim to have consulted with direct sources in the case who assure that there is no going back, that the unfulfilled promises by PSG have ruined the relationship with Mbappé. The 23-year-old Bondy-born footballer has asked to leave in January, but his options are practically nil. Real Madrid? No way.

¿Al Liverpool?

Always according to RMC Sports, Mbappé’s discontent comes from July of this year. Yes, just a couple of months after signing the renewal, the former AS Monaco striker spoke with the top brass about the possibility of a change of scenery. At Camp des Loges they valued the possibility of sending him to Anfield Road, but it was just intentions.

What is clear at PSG is that they will never let Mbappé go to Real Madrid. During the last weeks, both clubs have intensified the back and forth. As a result of the creation of the Super League, Florentino Pérez and Nasser Al-Khelaifi cannot even see each other.

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It’s not over yet.. Barcelona can still profit from Griezmann

by archyde

Griezmann has officially and permanently transferred to Atletico Madrid

The file of “Antoine Griezmann” in Barcelona’s administrative offices has not yet been closed, despite the official announcement of his final sale to Atletico Madrid on Monday.

The Spanish club faced a great sporting and economic malice from the capital club in the loan deal of the French player, which took place in August 2021 and was for two seasons with the right to buy for 40 million euros.

What happened in the loan deal Griezmann from Barcelona to Atletico Madrid?

This loan deal included a clause obliging Atletico to buy the player permanently for 40 million euros if he participated in 50% of matches for 60 minutes or more during the second loan season.

Coach Diego Simeone, and to avoid implementing this clause, would involve Griezmann after an hour of playing in any match, which prompted Barca to threaten to go to the judiciary before submitting and resolving the crisis amicably by accepting the player’s sale permanently for 20 million euros, in addition to 4 million variables related to the achievement of specific conditions.

And it was officially announced yesterday that the sale had been completed between the two parties, and Griezmann signed a contract with Atletico Madrid until the summer of 2026, and the player expressed his great happiness with that, saying, “I am happy to be where I want to be.”

How can Barca benefit from Griezmann in the future?

The Spanish newspaper AS indicated that Barcelona’s profits from the sale of Griezmann may increase in the future, knowing that this profit will never compensate the club for the great loss, as he had included the player for 120 million euros in the summer of 2019.

AS reported that the player’s final transfer contract included a clause allowing the Catalan club to obtain an additional 20 million euros if the player was sold from Atletico Madrid for 40 million euros or more. One million euros is the final transfer value that was stipulated in the old loan contract.

What is the best league in the European Union?

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  • 72%Liga
  • 8%Bundesliga
  • 12%Siri
  • 8%Liege 1

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Nobody wants him.. Manchester United trusts Ronaldo to stay in January!

by archyde

The Portuguese does not seem to have many solutions in the transfer market.

English press reports revealed the confidence of the English club, Manchester United, in the continuation of Portuguese star Cristiano Ronaldo in its ranks, at least until the end of the current season.

This came, according to what was reported by the “ESPN” network, which confirmed that the Portuguese star’s fate will not be to leave next January under any circumstances, or at least that is what the Manchester United management thinks.

The management of the Red Devils believes that the absence of offers and the lack of teams capable of including Ronaldo or interested in that at the present time is greatly in their favor.

Ronaldo had submitted a request to leave the ranks of the Red Devils in the last summer transfer market, before the English team rejected his request.

Press reports confirmed that the failure of Ronaldo’s transfer last summer was mainly due to the lack of real offers or interest from clubs in him.

Ronaldo is going through a very difficult period with the Red Devils, as he has played only one meeting mainly in the English Premier League and scored only one goal from a penalty kick and came in the European League.

It is worth noting that Ronaldo continues his contract with Manchester United until the end of the current season, that is, he can leave for free next summer to any team he wants.

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