However, remittance today assumes a totally different implication, which has ensured billions of dollars being flown out of developed countries into the developing countries. World Bank estimates indicate that $250 billion flows from developed countries into developing world. In 2009, remittances totalled US $ 414billion, of which US $ 316 billion went to developing countries being sources by 192 million migrant workers scattered across the world. The top recipients in terms of percentage share of GDP are Tajikistan (45%), Honduras (25%), and Moldova (38%). A vast share of remittances from the US has been directed to nations like India, china, Philippines total about $70 billion (Russel, 2003). This happens through several conventional & unconventional channel agents. Latin America & the Caribbean islands received about $66 billion, with about 75% emanating from the US through significant Hispanic & African American populations. Undoubtedly & apparently enough these remittances have contributed to economic growth & financial sustenance for people in many countries. This has in a way nurtured in some of the developing countries, a dependence on global remittances instead of building sustainable economies.