LMICs Current Affairs, GK & News

World Bank’s Migration and Development Brief- Update

The World Bank released its latest Migration and Development Brief. What are the highlights of the report? The Russia- Ukraine war will slow the growth of remittance flows to low- and middle-income countries (LMICs) to 4.2% in 2022 from 8.6% in 2021. It is estimated that remittances to LMICs, this year, will reach $630 billion. ..