Remittances Remain Resilient but Risks of Slowdown Ahead

With the stock of migrants likely to increase globally due to income gap, demographic change, and climate change, remittances will continue to grow in a counter-cyclical manner. Also, there is no doubt that during a crisis, remittances have emerged as a dependable financial lifeline in many economies through the pandemic and will continue to remain so. The need is to devise policies that can employ remittance flows for the development outcomes of the global south and north.