Potential for investment.




Current estimates are that 75% of remittance flows go to meet immediate needs, but the other 25% – over US$100 billion a year – is available for other purposes. Given better opportunities to save and investment options, migrants’ families will be better able to channel remittances toward long-term needs and live better lives. And because many migrant workers will eventually return home, helping them build assets is a central development policy objective.

The projected US$4.5 trillion in remittances to be received by families living in LMICs by 2030 represent a tremendous opportunity. Remittances count especially in the small rural towns and villages of developing countries. In 2021, almost one hundred low- and middle-income countries, the majority with large rural populations, each received at least US$100 million in remittances. It is here that remittances can help make migration more of a choice than a necessity for future generations.

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