SocietyGuardian.co.uk | Society | Workers abroad send poor families more money than world aid donors: "Workers abroad send poor families more money than world aid donors
£1.5bn in remittances forwarded from Britain to 50 countries
Angela Balakrishnan
Thursday July 27, 2006
The Guardian
Tony Olabowale is part of a growing army. He is one of the ethnic minority workers in Britain who sends a sizeable chunk of his salary to his family abroad - money that is providing a lifeline for poor families in the developing world. The fact that overseas remittances have become big business was revealed in the first survey of money sent from Britain conducted by the Department for International Development. For some countries remittances are far more important than the value of foreign direct investment from multi-national companies."
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