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What is so important with remittances?

Updated: 4/25/2024
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Diaspora

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15y ago

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Remittances are now the second monetary flow from the rich nothern states to the underdeveloped southern states. The falls behind the direct investitions, but they have a very interesting trend, the height of the flow is anti-cyclical with the national economic trend. The remittances are very important for several states for survival.

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15y ago
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1w ago

Remittances are important because they provide critical financial support to families in developing countries, helping them meet daily needs, invest in education, healthcare, and business opportunities. They also contribute to economic growth by boosting consumption and reducing poverty levels in recipient countries.

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