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
Speech given by ICRC president to the African Union Peace and Security Council
10/19/2016. Peter Maurer brieffed on its activities and challenges related to peace and security in Africa from the perspective of delivering humanitarian assistance in situations of crisis and conflict.
10 Conflicts to Watch in 2018
01/02/2018. Over a decade of intensive Western military operations has contributed to a more permissive environment for the use of force.
Order of Malta and Red Cross united by a “red thread”: helping those who suffer
09/22/2018. “We are united by a ‘red thread’: we work toward the same ends, based on the principle of neutrality and prompted by the attempt to help people who suffer, without any discrimination,” said the Grand Master when greeting the guests.
