Bonds of the Diaspora

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With official development assistance insufficient to finance development needs in many poor countries, one resource that merits attention are the remittances and savings sent home by nationals working abroad. The challenge is to channel this income effectively.

WASHINGTON, DC – The goals of the post-2015 development agenda cannot be achieved without strong programs and adequate funding. Official development assistance amounts to roughly $130 billion a year; though foreign-direct investment and portfolio inflows can help poor economies, additional sources of development finance must be found.

https://prosyn.org/DT11PVL