Europe’s migrants remit $110bn in 2014 –IFAD

The International Fund for Agricultural Development (IFAD), disclosed in a report published in Rome, that the Europe’s 50-million-strong migrant population sent home 110 billion dollars in 2014. It stated that the funds constituted a critical lifeline for millions of individual households, helping families raise their living standards above subsistence and vulnerability levels.

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Remittances can give migrants a better chance at home

Any views expressed in this article are those of the author and not of Thomson Reuters Foundation.
More numerous by the day, people continue to risk their lives to reach more promising lands. It is estimated that this year more than 30,000 could lose their lives crossing the Mediterranean Sea alone. Many are escaping from wars and violence; many more are fleeing from poverty and misery.

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France and Italy Can’t Seem to Agree on What to Do About the Immigration Crisis

Since Thursday June 11th, about 200 immigrants have been trying to cross the border between France and Italy, near the small town of Ventimiglia in Italy, but the French police have been preventing their entrance into the country. For the Italian Minister of the Interior, Angelino Alfano, this incident in Ventimiglia is “a slap in the face” from Europe. This weekend tensions increased between France and Italy concerning the issue of sharing responsibility for the increase in immigrants.

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Small amounts add up to booming sector

It is one of the hottest sectors in the global financial markets but rarely gets much attention: remittances.
Remittances are the small amounts of money that migrants in the rich world send to their families in the poor world – typically $200 (U.S.) a month. Until a few years ago, the remittances flow was either not measured or was measured poorly. That’s changing and the numbers associated with the market are astounding.

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