Not just a lifeline: the outsized role of remittances in global development
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Description
Remittances to developing countries reached $626 billion last year. But with 25% of funds saved or invested, remittances are not just supporting families but transforming economies.
This week, host James Teodorini is joined by Camilla Bullock, CEO and co-founder of the Emerging Payments Association Asia, and Artak Melkonyan, Senior Advisor on Equity, Financing and Funds at the United Nations Development Programme Sustainable Finance Hub. They discuss how remittances are fuelling entrepreneurialism, the part technology can play in reducing costs, and how South Asia is succeeding in keeping fees down.
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