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Recently Wold Bank has released Migration and Development report in 2019. Which of the following statement(s) is/are correct regarding this report?
There is decrease in annual remittance flows to low and middle-income countries.
Flow of remittances is larger than foreign direct investment in low and middle-income countries.
Select the correct code.
1 only
2 only
Both 1 and 2
None of the above
Both statements are incorrect.
The Bank estimates that officially recorded annual remittance flows to low- and middle-income countries reached $529 billion in 2018, an increase of 9.6 percent over the previous record high of $483 billion in 2017.
Excluding China, remittances to low- and middle-income countries ($462 billion) were significantly larger than foreign direct investment flows in 2018 ($344 billion).
Hence option 4th is correct.
By: Vishal ProfileResourcesReport error
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