May 30, 2024

World Migration Report 2024 released by International Organisation for Migration (IOM)

  • India received over $111 billion in remittances in 2022 became first country to reach and surpass the $100 billion mark.
  • India, Mexico, China, the Philippines and France were the top five remittance recipient countries in 2022.
  • Mexico is the second-largest remittance recipient in 2022, a position it also held in 2021 after overtaking China.
  • According to the report’s data, India was the top country receiving remittances in 2010 ($53.48 billion), 2015 ($68.91 billion), and 2020 ($83.15 billion), with the remittances crossing the $100 billion mark to reach $111.22 billion in 2022.
  • India came in 13th as the destination country for immigrants, with 48 million.
  • Pakistan and Bangladesh were the sixth and eighth largest international remittance recipients in 2022, receiving nearly $30 billion and $21.5 billion

INTERNATIONAL ORGANISATION FOR MIGRATION (IOM)

  • It was founded in 1951 as the Intergovernmental Committee for European Migration (ICEM).
  • It became a United Nations agency in
  • Currently it has 172 member states and 8 observer states.
  • It is responsible for labour migration and mobility.
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