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Soaring remittances to developing nations overtake foreign direct investment
Report finds money sent home by people who have migrated was $831bn in 2022, 650% up on 2000
Remittances sent home by people who have migrated abroad have outstripped foreign direct investment in developing nations for the first time, a new report has found.
The International Organization for Migration found that international transfers increased 650% from $128bn (£102bn) to $831bn (£662bn) between 2000 and 2022.
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