Challenges to sending money back home
Harnessing the investment potential of migrants’ remittances: the importance of family ties
Harnessing the investment potential of migrants remittances: the importance of family ties
Authors:
Richmond Tiemoko; Sussex Centre for Migration Research, UK
Publisher:
id21 Development Research Reporting Service, 2003
Family ties are key to securing valuable remittances and financial investment from migrants to their home countries. Although migrants who maintain close family ties frequently send money back home, the investment potential of such remittances is often lost. In order to maximise the contribution of remittances to economic growth, policies need to target not just individual migrants, but their entire families.
