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[The Conversation Africa] An estimated 281 million migrants span the globe. The remittances they send home get a lot of attention from policymakers and development agencies like the World Bank due to their positive impacts on developing economies. This is because the movement of money is - for the most part - quantifiable, as much of it goes through formal banking channels. Migrants from developing countries, for instance, sent about US$605 billion home in 2021.
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