The International Fund for Agricultural Development (IFAD) has issued a new report on remittances, money sent by migrant workers back to their home countries. According to Sending Money Home: Worldwide Remittance Flows to Developing Countries (pdf, 18.1 MB), an estimated 150 million migrants worldwide sent more than US$300 billion to their families in developing countries during 2006, typically US$100, US$200 or US$300 at a time, through more than 1.5 billion separate financial transactions. You may learn more from the IFAD press release, UN news story, or from the information related to the 2007 International Forum on Remittances.

 Permanent Link: Sending money home UN Pulse