WASHINGTON, 26th June, 2024 (WAM) -- After a period of strong growth during 2021-2022, officially recorded remittance flows to low- and middle-income countries (LMICs) moderated in 2023, reaching an estimated $656 billion, according to the World Bank's latest Migration and Development Brief, released today.
The modest 0.7% growth rate reflects large variances in regional growth, but remittances remained a crucial