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Migrant remittances to their countries of origin have grown by 51 percent over the last 10 years. More than one billion people are involved in either sending or receiving almost half a trillion dollars in remittances every year, says a report from the International Fund for Agricultural Developoment (IFAD), based in Rome.

The study, titled 'Sending money home: towards the sustainable development goals, one family at a time' is to be presented in New York on June 14. "More than one billion people - one out of seven - are involved in either sending or receiving almost half a trillion dollars in remittances every year. Migration flows and the remittances that migrants send home are having large-scale impacts on the global economy and political landscape," the report reads.


Half a trillion dollars

Migrant remittances to their countries of origin have grown by 51 percent over the last 10 years, according to "the first-ever study of ten-year trends in migration and remittance flows. It shows regional breakdowns over the period 2007-2016. The analysis and recommendations contained in the report will provide the basis for discussion at the Global Forum on Remittances, Investment and Development at UN headquarters in New York from June 15-16. The forum is organised by IFAD, the WorldBank and the UN Department of Economic and Social Affairs (UN-DESA).
 

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