INSUBCONTINENT EXCLUSIVE:
According to the World Bank's 'Migration and Development Review,' remittances to low- and middle-income countries experienced an 8% uptick
in the last year, reaching US$647 billion.Of this, Latin America contributed US$145 billion, signifying a regional growth of 11.3%.Mexico,
in particular, witnessed a 12.9% surge to US$61.1 billion in remittances, ranking second globally after India (US$111 billion), and
surpassing China (US$51 billion).Dilip Ratha, head of the Global Knowledge Partnership on Migration and Development (KNOMAD), emphasized the
crucial role of remittances as financial aid during the pandemic, expecting this
.To read the full NEWS and much more, Subscribe to our Premium Membership Plan
