Migrant workers sending home more money than a decade ago

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Remittances, the money migrant workers send home to their families, provide crucial financial support for millions of people in developing countries. File Photo: IFAD

The amount of money migrants send home to their families in developing countries has increased by 51 per cent over the past decade, "lifting millions out poverty," a new report by the International Fund for Agricultural Development (IFAD) has found.

The study, covering the period between 2007 and 2016, was released ahead of the International Day of Family Remittances, observed annually on 16 June.

IFAD president Gilbert F. Houngbo said more than 200 million migrant workers are now supporting an estimated 800 million family members globally.

Mr Houngbo, who grew up in a rural village in the West African nation of Togo, assumed his position in April this year.

Jocelyne Sambira asked him to explain the impact these remittances are having on people, households and surrounding communities.

Duration: 2'48''

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