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Remittances Can Act as Drag on Development

Remittances Can Act as Drag on Development

IMF Podcasts · IMF Podcasts

July 25, 20136m 16s

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Show Notes

If you are one of the hundreds of thousands of people who send money abroad to friends and relatives, beware! You may be doing as much harm as good, suggests one IMF economist. Although these remittances can be a lifeline for families, they can also undermine economic growth.