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Migrants' billions put aid in the shade
Provost, Claire http://www.guardian.co.uk/global-development/2013/jan/30/migrants-billions-overshadow-aid
Publisher: The Guardian
Date Written: 30/01/2013
Year Published: 2013
Resource Type: Article
Money transfers from workers abroad to family back home have tripled in a decade and are three times larger than global aid budgets.
Abstract:
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Excerpt:
But there is a dark side. Attention is turning to the companies scrambling to capture as much as they can from these multibillion-dollar flows. In some cases, more then 20% of money migrants send is lost to transfer fees.
Globally, there are more than 214 million migrants; if they lived in one country, it would be the fifth most populous, trailing only China, India, America, and Indonesia.
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