Tuesday 23 October 2007

World's Largest Poverty Alleviation Program Comes From Migrant Workers

aul Icamina - AHN News Writer

New York, NY (AHN) - The more than $300 billion that some150 million migrants sent to their families in poor countries in 2006 is now the world's largest poverty alleviation program, a new United Nations study says.
More than 1.5 billion separate financial transactions sent home were typically $100, $200 or $300 at a time.

But it surpassed the $104 billion provided by donor nations in foreign aid to developing countries last year, the United Nations International Fund for Agricultural Development (IFAD) said on its website. [Read more]

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