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migration

How can we cut the high costs of remittances to Africa?

Massimo Cirasino's picture

Read it in French, Spanish or Mandarin.

Migrant workers, earning money in jobs far from home, sent more than $400 billion to their families back home in 2012. Such remittances remain a vital source of income for millions of people in developing countries: Food, housing, education, health care and more are paid for every day by workers who earn money abroad. Through a simple and repetitive transaction – sending money home – those workers are really sending heart-warming feelings like hope for a better future and love of family.

Migrants: An Economic Force in Tajikistan

David Lawrence's picture

Economists usually enjoy working on economic data and writing up reports. But Sudharshan Canagarajah also likes giving conventional economic thinking a nudge — in this case, on migration.
Migrants are putting food on the table in Tajikistan. (Credit: Sugarmelon, Flickr Creative Commons)

As the World Bank’s Lead Economist for Tajikistan, Sudharshan noticed that Tajiks were on the move. In response to the country’s various crises, they sought new opportunities, mainly in Russia. They had no support from government, and little attention from donors, but the money they sent home created a huge economic impact.