full transcript

From the Ted Talk by Dilip Ratha: The hidden force in global economics sending money home

Unscramble the Blue Letters

The development community should set a goal of reducing retcmniate csots to one percent from the current eight percent. If we rdeuce costs to one pneerct, that would release a saving of 30 billion dollars per year. Thirty billion dollars, that's larger than the entire bilateral aid budget going to Africa per year. That is larger than, or almost similar to, the total aid budget of the United seatts government, the lgaerst donor on the planet. Actually, the savings would be larger than that 30 billion because remittance channels are also used for aid, trade and investment purposes.

Open Cloze

The development community should set a goal of reducing __________ _____ to one percent from the current eight percent. If we ______ costs to one _______, that would release a saving of 30 billion dollars per year. Thirty billion dollars, that's larger than the entire bilateral aid budget going to Africa per year. That is larger than, or almost similar to, the total aid budget of the United ______ government, the _______ donor on the planet. Actually, the savings would be larger than that 30 billion because remittance channels are also used for aid, trade and investment purposes.

Solution

  1. states
  2. largest
  3. costs
  4. reduce
  5. remittance
  6. percent

Original Text

The development community should set a goal of reducing remittance costs to one percent from the current eight percent. If we reduce costs to one percent, that would release a saving of 30 billion dollars per year. Thirty billion dollars, that's larger than the entire bilateral aid budget going to Africa per year. That is larger than, or almost similar to, the total aid budget of the United States government, the largest donor on the planet. Actually, the savings would be larger than that 30 billion because remittance channels are also used for aid, trade and investment purposes.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
send money 14
money home 9
sending money 9
billion dollars 5
poor people 5
money transfer 5
migrants send 4
developing countries 3
transfer companies 3
post office 3
united states 2
development aid 2
receive remittances 2
side receives 2
blanket ban 2
fixed cost 2
money service 2
money laundering 2
exclusive partnerships 2
small remittances 2
remittance platform 2
aid budget 2
remittance channels 2
migrant workers 2
bangladeshi construction 2
construction worker 2
recruitment fees 2
diaspora giving 2
percent interest 2
stay engaged 2

ngrams of length 3

collocation frequency
send money home 6
money transfer companies 3
migrants send money 2
sending money home 2

Important Words

  1. africa
  2. aid
  3. bilateral
  4. billion
  5. budget
  6. channels
  7. community
  8. costs
  9. current
  10. development
  11. dollars
  12. donor
  13. entire
  14. goal
  15. government
  16. investment
  17. larger
  18. largest
  19. percent
  20. planet
  21. purposes
  22. reduce
  23. reducing
  24. release
  25. remittance
  26. saving
  27. savings
  28. set
  29. similar
  30. states
  31. total
  32. trade
  33. united
  34. year