ForumIAS LATEST
- 01 July | 3–5 Revisions Are Non-Negotiable: UPSC Strategy by Ayush Sinha | Click Here to Watch →
- 02 July | All's Well That Ends Well: IAS AIR 56 Samiksha's UPSC Journey | Click Here to Watch →
News:The World Bank has released its report “Migration and Development Brief”. It focuses on COVID-19 Crisis Through a Migration Lens.
Facts:
- The report is prepared by the Migration and Remittances Unit- the research and data arm of the World Bank.It is released twice a year.
- Aim:To provide an update on key developments in the area of migration and remittance flows and related policies over the past six months.
- It also provides medium-term projections of remittance flows to developing countries.
Additional Facts:
- Remittances: It is a transfer of money often by a foreign worker to an individual in their home country.
- India is the world’s biggest recipient of remittances.In 2019,India is estimated to have received $83.1 billion in remittances which is about 12% of the total expected global inflow.
