Migrant labor | PodcastDilip Ratha on the Power of RemittancesMillions 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 RathaMigrant labor | September 2023Resilient RemittancesThe money that migrant workers send home provides stable income to millions of people in developing economiesDilip RathaMigrant labor | Back to BasicsRemittancesFor many countries, money transfers from citizens working abroad are a lifeline for developmentDilip RathaSee AlsoMagazine ArchivesCountry FocusBlogs
