According to The Economist's special report on migration and remittances (January 5-11 issue), in 2006 Eritrea was the third biggest recipient of remittances in the world by percentage of GDP (around 37 percent).
The report argues that while remittances help augment incomes of poor countries, they are not a "cure-all". It is hard to disagree.
Interestingly, mobile phones have proved to be useful for requesting and transferring money. The mechanism is simple: A donor sends a text message with a code that a recipient uses to collect his/her money from a money transfer agency. Text messaging has become so popular that a friend or relative in need of help simply pleads "Send me a number!".
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