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
- states
- largest
- costs
- reduce
- remittance
- 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
- africa
- aid
- bilateral
- billion
- budget
- channels
- community
- costs
- current
- development
- dollars
- donor
- entire
- goal
- government
- investment
- larger
- largest
- percent
- planet
- purposes
- reduce
- reducing
- release
- remittance
- saving
- savings
- set
- similar
- states
- total
- trade
- united
- year