US$ 1.18 million
US$ 0 million
US$ 0.03 million
Remittances - an engine for development that still needs to move up a gear
High-level speakers at today’s opening of the Global Forum on Remittances, Investment and Development in Kuala Lumpur, shared a common message – public and private sector must work further together to leverage the immense development potential of remittances in the Asia Pacific region.
Remittances to the Asia- Pacific region reach US$ 256 billion helping millions of families to build a better future
Last year, migrant workers sent US$ 256 billion to their families in the Asia-Pacific region, according to the report “RemitSCOPE - Remittance markets and opportunities – Asia and the Pacific” and a new webportal on remittances released today by the International Fund for Agricultural Development (IFAD).
Global Forum on Remittances, Investment and Development – Asia Pacific
Each year, billions of dollars in remittances are sent by migrants to their families in the Asia-Pacific Region. And while this money provides a lifeline for families who use it to cover basic needs and invest in their future, it also has a tremendous economic impact on the region more broadly.