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Remittances Grow 5% in 2022, Despite Global Headwinds

The FINANCIAL -- 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 the 10.2% increase in 2021, according to the latest World Bank Migration and Development Brief. Remittances are a vital source of household income for LMICs. They alleviate poverty,The FINANCIAL -- Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 b...
United States West Bank El Salvador Israel General Kyrgyz Republic Michal Rutkowski

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Diaspora remittances breach US$2bn

This comes as the UNCTAD’s 2021 World Investment Report, say FDI inflows into Zimbabwe declined significantly to US$194 million in 2020, estimated to be US$166 million in 2021 compared to the pre-crisis period (US$745 million in 2018), while 2022 figures were not yet out. But the World Bank’s Migration and Development Brief 37 (MBD37) released…
United States Tinashe Murapata Walter Mandeya Western Union World Bank Migration World Bank

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