More: Remittances
How Do Remittances Affect Economies?
Remittances, generally defined as the money migrant workers send to their families and communities back in their home country, have proven to be an...
Remittances Grow 5% in 2022, Despite Global Headwinds
Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion. This is sharply lower than...
Remittance Flows Register Robust 7.3 Percent Growth in 2021
Remittances to low- and middle-income countries are projected to have grown a strong 7.3 percent to reach $589 billion in 2021. This return to...
Record high remittances to low- and middle-income countries in 2017
Remittances to low- and middle-income countries rebounded to a record level in 2017 after two consecutive years of decline, says the World Bank’s latest...