Sending Money Home: Worldwide Remittance Flows to Developing Countries
International Fund for Agricultural Development (IFAD); Inter-American Development Bank (IDB)
Remittances, the portion of migrant workers' earnings sent back home to their families, have been a critical means of financial support for generations. But, for the most part, these flows have historically been -hidden in plain view-, often uncounted and even ignored. All that is now changing -as the scale of migration increases, the corresponding growth in remittances is gaining widespread attention. This report has been elaborated based on a study commissioned by IFAD to the Inter-American Dialogue in collaboration with the Multilateral Investment Fund of the IDB and contributions from the European Union, Government of Spain, Government of Luxembourg, CGAP and UNCDF.