Migrants send about 500 billion dollars home each year to poor families and countries, the International Fund for Agricultural Development (IFAD) has said.
Adolfo Brizzi, a Director at IFAD, told an event entitled: ‘Money Talks – Why Migrants Matter’ during the Perugia International Journalism Festival in Italy on Monday.
Brizzi highlighted the vital development benefit of the nearly half a trillion dollars remittances, in spite of the political fire drawn by the ongoing migrant crisis in Europe and beyond.
“We hear concerns raised about migrants and refugees entering countries.
“But let’s not forget that the money they send home, particularly to countries where conflict or environmental disasters are taking a toll, actually helps stabilize families and rebuild communities.”
The IFAD official said it is estimated…
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