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
U.S. Ambassador-Designate Elizabeth H. Richard Arrives in Lebanon
07/15/2016. “I assured the Prime Minister that, as Ambassador, I will work tirelessly to continue and expand our efforts to ensure a secure, stable, and prosperous Lebanon.” Elizabeth H. Richard
The crisis of multilateralism and the future of humanitarian action
11/30/2016. “The crisis consists precisely in the fact that the old is dying and the new cannot be born; in this interregnum a great variety of morbid symptoms appear.’
Afghanistan: Six ICRC staff members killed and two unaccounted for in attack
02/08/2017.”This is a despicable act. Nothing can justify the murder of our colleagues and dear friends,” Monica Zanarelli, head of the ICRC delegation in Afghanistan.
