Tag: remittances

Remittances, a crucial financial support system for millions in developing economies, surged to nearly $800 billion in 2022. Approximately 80% of these funds, sent by migrants to their home countries, were directed towards low and middle-income nations.

Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, showing a growth of five per cent to 626 billion...