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UN: Migrants send double the amount of foreign aid back but little of it benefits the country
Migrant workers from the world’s poorest countries sent home $27 billion (21 billion euros) in 2011 despite the global financial slowdown, but developing nations are failing to benefit fully from the cash, the UN said Monday. Remittances “could prove particularly valuable for capital-scarce developing countries,” by helping to reduce poverty,…
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