Economy

Remittances High on Radar of World Economistsi
X
Laurel Bowman
June 10, 2014 8:48 PM
Many migrants send small amounts of money - called "remittances" - home to friends and family members. But with 200 million international migrants out there, those small sums add up quickly. In 2013, migrants around the world sent back $400 billion, far outweighing official aid to many countries and sometimes providing the largest source of foreign exchange. This has economists wondering - can remittances boost not just a receiving family’s budget but their country's economy too? VOA's Laurel Bowman has more.

Remittances High on Radar of World Economists

Laurel Bowman

Published June 10, 2014

Many migrants send small amounts of money - called "remittances" - home to friends and family members. But with 200 million international migrants out there, those small sums add up quickly. In 2013, migrants around the world sent back $400 billion, far outweighing official aid to many countries and sometimes providing the largest source of foreign exchange. This has economists wondering - can remittances boost not just a receiving family’s budget but their country's economy too? VOA's Laurel Bowman has more.


You May Like

Lesotho Faces New Round of Violence, Political Crisis

Brutal killing of military officer has sent former leaders back into S. Africa where they're watching anxiously as regional officials head in to try to restore peace More

Video US Diplomat Expects Adoption of Bosnian Massacre Anniversary Resolution

Samantha Power says there's broad consensus about killings in Bosnia's war, but Russia calls resolution 'divisive,' backs UN countermeasure More

UN Report Exposes Widespread Boko Haram Atrocities

Damning report graphically details pattern of vicious, widespread atrocities committed by Islamist militants More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one