Remittances to low-and middle-income countries nearly double in a decade —report
Finance
Business
September 15, 2026
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UNITED NATIONS (CMC) — The United Nations International Fund for Agricultural Development (IFAD) says migrants sent an estimated US$728.6 billion home to families in low- and middle-income countries, including the Caribbean, last year — nearly double the amount recorded a decade earlier.
It said these transfers, known as remittances, grew by 94 per cent between 2016 and 2025, far outpacing the 28 per cent increase in the number of migrants from those countries.
The gap shows that growth is not simply the result of more people migrating. On average, migrants abroad are sending larger amounts home.
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