Migrants significantly contribute to economic growth
Migrants contribute to economis growth in both their countries of origin and their countries of destination.
Many migrants send money, known as remittance, back to their home country. In 2015 alone, migrants sent $432 billion back to developing countries.
This is triple the amount of money sent globally as development aid.
This flow of money from megrants represents not only a source of foreign exchange for developing countries but crucially a reliable source of income for millions of families.
When the global financial crisis hit in 2008, direct foreign investments in developing countries plunged 89% while remittances only dipped 5%. Migrant adds significantly to the economics of their host countries, contributing more in taxes and social contributions than they receive in individual benefits.
Related Articles
“Migrants and Refugees” conference in Rome, Pope Francis’ message and the Order of Malta’s action
05/29/2018. The key theme of the conference was the Italian Relief Corps’ ten years of medical assistance at sea, whose doctors and nurses were the first to embark on the vessels of the Italian authorities in the Mediterranean.
Humanitarian action : as local as possible, as international as necessary
November 2018. Understanding capacity and complementarity in humanitarian action
One year after the earthquake in Nepal
04/16/2016. Malteser International plans construction of medical facilities in outlying regions