ForumIAS announcing GS Foundation Program for UPSC CSE 2025-26 from 19 April. Click Here for more information.
ForumIAS Answer Writing Focus Group (AWFG) for Mains 2024 commencing from 24th June 2024. The Entrance Test for the program will be held on 28th April 2024 at 9 AM. To know more about the program visit: https://forumias.com/blog/awfg2024
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.
