“A Holistic Vision of Remittances will help regulators and the private sector alike”, Maria Gargano (Egmont, Belgium)

The money that migrants send back home concerns everyone. Remittances have an impact on the GDP of the countries the money is sent to, contributing up to 30% in some cases, while having a significant impact on the country’s balance of payments. They also produce effects on the sending societies — on their central banks, their development agencies, as well as the private sector. The phenomenon’s multi-faceted nature requires a holistic approach to remittances in terms of space, time, and government.

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