Some economies depend on remittances from abroad.
Financial flows to low and middle income countries
Remittances are a vital mechanism of development
in low and middle income countries.
Remittances surpassed FDI during the pandemic.
Foreign
Direct
Investment
Remittances
Foreign Aid
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
Source: World Bank
Financial flows to low and middle
income countries
Remittances are a vital mechanism of development in low
and middle income countries.
Remittances surpassed
FDI during the pandemic.
Foreign
Direct
Investment
Remittances
Foreign Aid
2020
2010
2000
1990
Source: World Bank