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
Joint Statement Urging More Aid, Solidarity and Attention to Sudan Crisis
13/09/2023. We, the heads of over 50 human rights and humanitarian organizations are coming together to sound the alarm about Sudan, where a disaster is unfolding before our eyes.
Syria: Citing lack of action, UN envoy cuts short humanitarian taskforce meeting
08/18/2016. He said it was to signal “deep unhappiness” about the lack of a pause that is preventing humanitarian aid from reaching anywhere in Syria.
The crisis of multilateralism and the future of humanitarian action
11/30/2016. Long before the November 2016 US elections, there were clear signals that multilateralism was in crisis. In fact, Donald Trump’s election is just the continuation of a downward spiral that has been under way for some time.
