Remittance flows to low-middle-income countries moderated in 2023, reaching $656 billion: World Bank

After a period of strong growth during 2021-2022, officially recorded remittance flows to low- and middle-income countries (LMICs) moderated in 2023, reaching an estimated $656 billion, according to the World Bank’s latest Migration and Development Brief, released today.The modest 0.7% growth rate