Global Remittances Flow May Hit $5.4trillion by 2030

Jun 20, 2022 · 53s
Global Remittances Flow May Hit $5.4trillion by 2030
Description

Global remittances, the hard-earned money sent by migrant workers to their family members in low- and middle-income countries also grew by 8.6 per cent in 2021. The President of IFAD,...

show more
Global remittances, the hard-earned money sent by migrant workers to their family members in low- and middle-income countries also grew by 8.6 per cent in 2021.
The President of IFAD, Gilbert F. Houngbo says the digitalisation of remittances, particularly through mobile channels was a great opportunity to boost rural development as over half of these funds go to rural areas.
He says digitalisation reduces fees and other transactions costs like travel time, making the process more convenient and safer while promoting digital and financial inclusion.
show less
Information
Author Africa Business Radio
Organization Africa Business Radio
Website -
Tags

Looks like you don't have any active episode

Browse Spreaker Catalogue to discover great new content

Current

Podcast Cover

Looks like you don't have any episodes in your queue

Browse Spreaker Catalogue to discover great new content

Next Up

Episode Cover Episode Cover

It's so quiet here...

Time to discover new episodes!

Discover
Your Library
Search