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One-in-seven people impacted by the money migrants send home

Adolfo Brizzi, Director, IFAD

Migrants’ money represents a critical lifeline for millions of households, helping families raise their living standards above subsistence and vulnerability levels, while investing in health, education, housing as well as entrepreneurial activities

While migration issues draw political fire in Europe and beyond, the greater development benefit of the approximate half trillion US dollars that migrants send home each year to poor families and nations can’t be underestimated, according to Adolfo Brizzi, Director at the UN’s International Fund for Agricultural Development (IFAD).

Speaking at the event “Money Talks – Why Migrants Matter” at the Perugia International Journalism Festival, Brizzi said migrants’ money represents a critical lifeline for millions of households, helping families raise their living standards above subsistence and vulnerability levels, while investing in health, education, housing as well as entrepreneurial activities.

“We hear concerns raised about migrants and refugees entering countries, but let’s not forget that the money they send home, particularly to countries where conflict or environmental disasters are taking a toll, actually helps stabilize families and rebuild communities,” he said.

It is estimated there are almost 250 million international migrants worldwide living outside their countries of origin. Remittances – the money sent back by migrant workers to their relatives – is believed to support an additional 750 million people worldwide. When senders and receivers are added together, remittances directly touch the lives of one in every seven people on the planet.

Most of the migrant workers’ earnings stay in the country where they presently…

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