Introduction

In the past two decades, economic remittances have fast become a major source of income for many migrant-sending countries. At the household level, migrant remittances are making significant contributions to poverty reduction; remittances also constitute a growing source of foreign exchange, enabling countries to acquire vital imports or pay off external debts. Additionally, there is growing awareness and evidence of the potential contribution remittances can make to economic development in migrant-sending countries at the local, regional and national levels.

Sustainable Development Goals:

Peace, Justice and Strong Institutions