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Remittances matter
Remittances matter and have a significant impact on economies around the world. Despite global headwinds, remittances to low- and middle-income countries (LMICs) grew 5% in 2022 from the previous year. The World Bank Migration and Development Brief reports that this growth is sharply lower than the 10.2% increase seen in 2021; however, it still represents a substantial boost for recipient economies. Digital transactions contribute an estimated $148.08 billion to 2023 […]
August 30, 2023