“Making the most of remittances and diaspora investments can, paradoxically, curb the need for more to migrate. These flows are great contributors to the wellbeing of millions. Almost US$1.8 billion in remittances are flowing daily to low and middle-income countries, leveraging development opportunities. Half of that amount, US$900 million, is boosting agriculture and rural development” said Álvaro Lario, the President the UN’s International Fund for Agricultural Development (IFAD) at the opening session of the Global Forum on Remittances, Investment and Development (GFRID) in Nairobi today.
