With $87 billion, India top remittance recipient in 2021: UN report

Source: The post is based on the article “With $87 billion, India top remittance recipient in 2021: UN report” published in Economic Times on 20th July 2022.

What is the News?

The World Health Organization(WHO) has released a report titled ‘’World report on the health of refugees and migrants’. This is the first WHO report on the health of refugees and migrants.

Note: WHO is a specialized agency of the United Nations responsible for international public health.

What are the key findings of the report?

Migrants: Globally, there are around one billion migrants or roughly one in eight people.

– Disease, famine, climate change and war have forced people to flee their homelands and the conflict in Ukraine has helped push the number of displaced people worldwide to more than 100 million for the first time in history.

– At the same time, the COVID-19 pandemic continues to disproportionately affect the health and livelihoods of migrants and refugees. 

Remittances: In 2021, the top five remittance recipients in current US dollars were India, China, Mexico, the Philippines and Egypt.

– India received 87 billion dollars in remittances in 2021.

Challenges to Remittances: Remittances are expected to continue growing in 2022, but there are challenges, such as the COVID-19 crisis, which still poses one of the greatest risks to low-and middle-income countries especially as fiscal stimulus programmes in migrant destination countries cannot continue indefinitely.