The World Migration Report 2024 was released by the International Organization for Migration (IOM) in the Bangladeshi capital Dhaka on 7 May.
- By choosing Dhaka as the report’s launch site, IOM not only highlights the country’s efforts in supporting vulnerable migrants and fostering pathways for regular migration but also recognizes Bangladesh’s important role in shaping global migration discourse and policy.
Key findings
- Conflict and climate change remain the most significant factors driving global displacement, said the report.
- The report highlights that international migration remains a driver of human development and economic growth, highlighted by a more than 650 per cent increase in international remittances from 2000 to 2022, rising from USD 128 billion to USD 831 billion.
- The growth continued despite predictions from many analysts that remittances would decrease substantially because of COVID-19.
- Of that 831 billion in remittances, 647 billion were sent by migrants to low– and middle-income countries.
- India has become the first country to receive over $100 billion in remittances in 2022. India’s remittances surged to $111 billion last year, surpassing all other nations.
- The report highlighted that India, Mexico, China, the Philippines, and France were the top five recipients of remittances in 2022.
- India also stands out as the origin of the largest number of international migrants globally, with sizeable diasporas residing in countries such as the United Arab Emirates, the United States, and Saudi Arabia.
- Despite being a huge source of emigrants, India also attracted immigrants, ranking 13th globally as a destination country for international migrants.
