Foreign Policy Blogs

Remittances

I’ve been meaning to post about remittances – the money that migrant workers send home – because they are specifically mentioned in the Great Decisions Show You don't hear that much about them, because they aren't usually used to fund giant initiatives, but they already account for more than Official Development Assistance.

But when I began my research I found that a very smart person named Thor just wrote about it on his blog, Don8 Aid, and did a terrific job covering the issue. With luck I’ll someday have something to add, but for now, Thor makes a persuasive argument that remittances should be encouraged by aid agencies through lowered transaction costs.

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