Remittances

FocusMigration

 

Remittance refers to the portion of migrant income that, in the form of either funds or goods, flows back into the country of origin, primarily to support families back home. The greater share of these largely monetary flows benefits developing countries. In the last few decades the volume of migrants’ remittances worldwide has risen steadily (in nominal and relative terms) and currently represents a substantial source of revenue for many poor states.

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