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Migrant Remittances Now Outpace Foreign Investments In Developing Countries: IOM

“In a world grappling with uncertainty, understanding migration dynamics is essential for informed decision-making and effective policy responses, and the World Migration Report advances this understanding by shedding light on longstanding trends and emerging challenges.”

Of that 831 billion in remittances, 647 billion were sent by migrants to low and middle-income countries. These remittances can constitute a significant portion of those countries' GDPs, and globally, these remittances now surpass foreign direct investment in those countries.

Highlighting key findings, the report reveals that while international migration continues to drive human development, challenges persist.

With an estimated 281 million international migrants worldwide, the number of displaced individuals due to conflict, violence, disaster, and other reasons has surged to the highest levels in modern-day records, reaching 117 million, underscoring the urgency of addressing displacement crises.

Migration, an intrinsic part of human history, is often overshadowed by sensationalized narratives.

However, the reality is far more nuanced than what captures headlines.

Most migration is regular, safe, and regionally focused, directly linked to opportunities and livelihoods.

Yet, misinformation and politicization have clouded public discourse, necessitating a clear and accurate portrayal of migration dynamics.

IOM’s World Migration Report, with its innovative digital tools and comprehensive analysis, aims to help dispel myths, provide critical insights, and inspire meaningful action in addressing the challenges and opportunities of human mobility.

This launch is part of IOM Director General’s first three-day visit to Bangladesh._UNB 

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