Remittances remain vital for national economies

2012-11-28

Since the outbreak of the financial crisis in 2008, foreign direct investment in developing countries has dropped by 50 percent. At the same time, official development assistance has been cut. Yet despite the crisis, migrants who live and work abroad and send more and more money back home - and a new UNCTAD study shows that the amount of money being sent back continues to increase.

2012-11-28

• remittances
• migrant workers
• unctad
• economy
• developing countries
• World in Progress