FUNDS SENT HOME BY MIGRANT WORKERS SUPPORT 1 IN 9 PEOPLE GLOBALLY

An article on Ekklesia on 17th June reported that remittances from international migrant workers to their families are expected to rise to over $550 billion in 2019, up some $20 billion from $529 billion last year, according to the President of the International Fund for Agricultural Development (IFAD) on the occasion of the UN International Day of Family Remittances (IDFR).  He also said that money sent home by the world’s 200 million migrant workers adds up to more than three times the level of official development assistance (ODA) and surpasses foreign direct investment (FDI), even though 85% of earning still remain in host countries.

http://www.ekklesia.co.uk/node/28450

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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