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Resource area

FDC - DEV!!! / Remittances-Microfinance-and-Development, 2006

Remittances-Microfinance-and-Development, 2006

At a time when other financial flows from developed to developing countries are in stagnation or decline, remittances from migrant workers have expanded in the last decade to become a key input to national and household economies in many developing countries. It is clear that the funds migrant workers send home can provide an important resource for creating sustainable local economic options. Recent research has linked remittances with poverty reduction and with increased household savings and small business investment.