Sunday 5 October 2008

Remittances Grow Along With International Migration

by Eric Zuehlke

(October 2008) It is a familiar story to millions worldwide: Strained by economic hardship, a mother or father is forced leave their community and migrate to another country for work opportunities. Soon, money is sent back home to support family and friends. The number of cross-border migrants and the amount of cash flows across borders to support home communities continue to grow every year. Remittances, as these flows of money are known, are among the fastest-growing international financial flows.
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