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Judi Lynn

(160,219 posts)
Sat Jun 16, 2018, 03:05 PM Jun 2018

UN agency says remittances much more than a 'lifeline' for the Caribbean


Saturday, June 16, 2018

NITED NATIONS (CMC) — The United Nations’ International Fund for Agricultural Development (IFAD) says remittances to the Caribbean and other countries are much more than a “lifeline” for millions of people.

IFAD said the direct benefits of money sent home by migrant workers touch the lives of one in every seven persons on the planet – over one billion people.

“Remittances are vital for millions of families, helping them to address their own development goals, but we can help them do more and build their longer-term future,” said IFAD president Gilbert Houngbo.

Last year, IFAD said 200 million migrants sent US$481 billion to remittances-reliant countries.

More:
http://www.jamaicaobserver.com/latestnews/UN_agency_says_remittances_much_more_than_a_lifeline_for_the_Caribbean?profile=1373
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