Unilateral Transfer

Unilateral transfers represent value transfers, including payments, that are one-way i.e. they are not made in return for good or services (in which case they would be bilateral). In other words, the inflow represented by a unilateral transfer does not give rise to an equal and offsetting outflow. The classic unilateral transfers are workers’ remittances, government aid (in the form of money or goods such as food or equipment), and gifts.