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