TOKYO -- International remittances increased by an estimated 3% over the previous year to about $860 billion in 2023, an all-time high for the third year in a row, according to the World Bank.
Economy
Cross-border remittances at all-time high for third consecutive year
Workers from South and East Asia, Pacific drive increase, World Bank says
A Filipino at a remittance center in the Metro Manila city of Makati receives pesos sent by a relative working abroad. © Reuters
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