Africa: Remittances As Development Finance – Africa’s Overlooked Billions
Other global south economies provide valuable lessons on successfully transforming remittance flows into broad-based growth. In just over a decade, remittance inflows to Africa have surged from approximately US$53 billion in 2010 to US$95 billion in 2024. During this time, their share of the continent’s GDP rose from 3.6% to 5.1%, making remittances one of…