Amid Record Displaced Persons, Migrant Remittances Spike—New IOM Report

Migrants use a cross-border bus in Bulawayo to enter South Africa. Credit: Ignatius Banda/IPS

By Ignatius Banda
BULAWAYO, May 8 2024 (IPS)

While there have been a record number of displaced people worldwide, according to a new report by the International Organization for Migration (IOM), migrant remittances are promoting human development.

Millions of people from developing countries rely on money sent from abroad by relatives, helping drive local economies marked by high unemployment and poverty...