Why remittances to Somalia are important
- Author: Oxfam
- Copyright: Oxfam
- Date: 25 October 2013
Each year, Somali migrants around the world send approximately $1.3 billion home to family and friends in Somalia. These flows represent a significant share of Somalia’s economy and help to reduce Somalia’s reliance on assistance from foreign governments and international organizations.
Continued support from the Somali diaspora is essential for Somalia to successfully emerge from its protracted humanitarian emergency and political crisis and build the foundations for its long-term development. This short video helps explain why this is the case.
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