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Remittance Flows Continue to Grow in 2023 Albeit at Slower Pace

To meet their development goals, policy-makers in developing countries must prioritize a major funding push, together with policy reforms grounded in a sound macroeconomic framework. A new book – Retooling Development Aid in the 21st Century: The Importance of Budget Support – argues that reforms at the national level will need greater cross-border cooperation and a substantial expansion in financing from the global community, with multilateral development banks (MDBs) and other donors playing an increasingly important role.

Remittance flows reached an all-time high in 2022 in South Asia

The economic statecraft landscape is becoming more complex as transatlantic partners increasingly leverage the tools to counter threats.

Remittances to Europe and Central Asia post a strong growth