Remittances are a key economic stabilizer

Remittances are a key economic stabilizer

Text size In 2022, remittances to low- and middle-income countries are expected to reach $626 billion. Marvin Recinos/AFP/Getty Images About the Author: David Malpass is President of the World Bank Group. At a time when the world faces an extremely difficult outlook, remittances are a vital lifeline for households in developing countries, especially the poorest. …

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