On International Family Remittances Day, the European Commission’s Joint Research Centre publishes a new global report mapping, for the first time, over 300 investments schemes used by migrants.
The report opens a new avenue to fully understanding the substantial impact that remittances and diaspora investments are having on international development. In fact, remittance flows to low- and middle-income countries surpass the sum of Foreign Direct Investments and Official Development Assistance, and are expected to further increase in 2022.
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Diaspora finance for development: from remittances to investment