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June 2016

Migrants and their families must be at the core of any remittance framework

Ashraf El Nour's picture
Remittances are a fundamental part of migration’s positive contribution to development. They represent multidirectional, voluntary, and private international monetary transfers that migrants make, individually or collectively, to people with whom they maintain close links. Out of the $581.6 billion remittances sent by international migrants in 2015, almost 75% were sent to developing countries, representing more than three times the size of foreign aid received by such countries in the same year[i].