Remittances and the LDCs: Magnitude, impacts and costs

In recent years, remittances as a potential source of development finance have received greater attention from international policymakers. There is also a growing body of economic and social research highlighting the determinants, impact and significance of remittances in developing countries. In addressing these issues in an LDC context, the present chapter starts from the perspective that remittances may have multifaceted and significant impacts on recipient households, as well as at a regional and macroeconomic level. Remittances should therefore be regarded as an additional facet of LDCs’ multi-pronged efforts to mobilize adequate sources of development finance.

Related Subject(s): Economic and Social Development