According to community leaders in Minneapolis-St. Paul, 80 percent of the Somali-Americans there send money back to East Africa. Aid groups say 40 percent of Somalia’s population relies on those dollars -- known as remittances -- to survive. But recently,…
By Elisabeth Ponsot
For the economies of many poor countries, remittances from the U.S. -- cash that immigrants send back home -- are a lifeline. In some countries, this money is critical to keeping the economy going. But could these money transfers be…
By P. J. Tobia
Migrants sent $436 billion in remittances to the developing world in 2014, according to a new report from the World Bank. That's far more than what the world's wealthiest nations spent in official development assistance.
By Laura Santhanam
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