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Podcast
Millions of families around the world- even some countries, rely on workers living abroad to keep their economies afloat. In fact, global remittances reached a record $647 billion in 2022—three times that of official development assistance. Dilip Ratha is lead economist for migration and remittances at the World Bank. In this podcast, Ratha says remittances are timely, large, stable, and best of all, they are countercyclical.
Dilip Ratha
September 2023
The money that migrant workers send home provides stable income to millions of people in developing economies
June 2020
The COVID-19 pandemic threatens to dry up a vital source of income for poor and fragile countries
Antoinette Sayeh
RALPH CHAMI
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