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Officially recorded remittance flows to low- and middle-income countries (LMICs), including Malawi, are estimated to grow this year as economic activity in remittance source countries is set to soften, limiting employment and wage gains for migrants, the World Bank has said. In its latest Migration and Development Brief released yesterday, the World Bank projects the

The projection by the World Bank's latest Migration and Development Brief marks a dramatic slowing from 2022, when remittances to India grew by more than 24% to reach a record-high $111 billion. The reasons: slower growth in OECD and GCC economies, high base effect.

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REMITTANCES to low- and middle-income countries (LMICs) are expected to remain resilient but will likely slow substantially as economic activity in countries hosting migrant workers weakens.

Remittances remain resilient but risks of slowdown ahead

The World Bank has stated that Nigerians in the diaspora have remitted about $168 billion to Nigeria in the last 8 years and CBN said its policy helped drive it

Remittances sent from overseas Vietnamese in Asia accounted for a majority

Learn how nature-based solutions are increasingly recognized as an essential tool in mitigating disasters and supporting climate resilience.

Analysis in English on World about Protection and Human Rights and Epidemic; published on 30 Nov 2021 by World Bank

Remittances from the African diaspora amount to $95.6bn a year. How can African governments harness these flows to support infrastructural development and other long-term projects?