Remittances 2005: Promoting Financial Democracy
Inter-American Development Bank (IDB)
Call it the case of the missing billions. For decades, millions of migrant workers have been sending billions of dollars back to their home countries to support their families. Yet the impact of these huge international flows of both money and workers is only now beginning to be understood. These flows of both money and people have been hidden in plain sight for decades. Why? Because the money is sent regularly in small amounts, usually outside the formal financial system, and the workers typically live on the margins of society. Brochure for a conference in Washington D.C. in 2006.