The latest Migration and Development Brief provides updates on global trends in migration and remittances. It highlights developments related to migration-related Sustainable Development Goal (SDG) indicators for which the World Bank is a custodian: increasing the volume of remittances as a percentage of gross domestic product (SDG indicator 17.3.2) and reducing remittance costs (SDG indicator 10.c.1). Defying predictions, remittance flows have proved to be resilient during the COVID-19 crisis. In 2020, officially recorded remittance flows to low- and middle-income countries reached $540 billion, only 1.6 percent below the $548 billion seen in 2019. Remittances exceeded foreign direct investment flows by a wider margin in 2020. Excluding China, remittance flows surpassed the sum of foreign direct investment and official development assistance. Remittances have therefore become an important consumption smoothing mechanism for the recipient households and, as such, they form an increasingly important (private) element of global social protection systems.
About the Migration Network Hub
What is the Migration Network Hub?
The Hub is a virtual “meeting space” where governments, stakeholders and experts can access and share migration-related information and services. It provides curated content, analysis and information on a variety of topics.
The Hub aims to support UN Member States in the implementation, follow-up and review of the Global Compact for Migration by serving as a repository of existing evidence, practices and initiatives, and facilitating access to knowledge sharing via online discussions, an expert database and demand-driven, tailor-made solutions (launching in 2021).
What content is displayed in the Hub?
The Hub aims to help you find information on migration, ranging from policy briefs and journal articles, existing portals and platforms and what they offer, to infographics and videos. The different types of resources submitted by users undergo peer review by a panel of experts from within the UN and beyond, before being approved for inclusion in the Hub. To provide guidance to users based on findings of the needs assessment, the content is ordered so that more comprehensive and global resources are shown before more specific and regional ones. Know a great resource? Please submit using the links above and your suggestion will be reviewed. Please see the draft criteria for existing practices here.
Apply to join the Peer Review Roster
Content submitted to the Migration Network Hub is first peer reviewed by experts in the field from both the UN and beyond. Applications are welcomed to join the roster on an ongoing basis. Learn more here.
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