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Catholic World News

Funds from migrant workers abroad boost Third World economies

December 15, 2011

Migrants living in the developed world are sending more than $350 billion this year to relatives and friends in the Third World countries from which they come, according to a study by the Pontifical Institute for Foreign Missions (PIME).

The sums sent home by migrant workers—which are up 8% this year—represent a substantial boost to the economies of their native lands, PIME notes.

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