| Powerful Remittances
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People leave poor countries in search of jobs. Village cultures and families have adapted to this and to the significant sums of money sent home. Information technology innovation can reduce remittance transfer costs and improve transparency. Financial institutions could offer matching funds for investments while non-profit foundations working with migrant groups could set up alternative transfer networks. |
Written by Scott Robinson. Licence: cc-by-sa.
Image by Name of artist/photographer |
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