in Short

Diaspora “Transfers are becoming the main source of external financing for developing countries”

According to the Africa’s Pulse report prepared by the World Bank, remittances sent by the African diaspora to the continent reached $ 46 billion in 2018, an increase of 9.6% compared to 2017. A record also. A trend that should continue: these funds should wait for 51 billion dollars in 2020.

“These transfers are becoming the main source of external financing for developing countries. The high cost of transfers reduces the profit that can be derived from migration, “said Dilit Ratha, lead author of the report.