Question
Consider the following statements about Migration and
Development Brief: 1. It is prepared by the World Bank. 2. It also provides medium-term projections of remittance flows to developing countries. 3. The top five remittance recipient countries in 2023 is Mexico ($125 billion). Which of the statements given above is/are correct?Solution
It is prepared by the Migration and Remittances Unit, Development Economics (DEC), the premier research and data arm of the World Bank. The brief is produced twice a year. It also provides medium-term projections of remittance flows to developing countries. The top five remittance recipient countries in 2023 are India ($125 billion), Mexico ($67 billion), China ($50 billion), the Philippines ($40 billion), and Egypt ($24 billion). The United States continued to be the largest source of remittances.
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