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Question

Consider the following statements about Migration and Development Brief: 

1.      It is prepared by the World Bank. 

2.      It also provides medium-term projections of remittance flows to developing countries. 

3.      The top five remittance recipient countries in 2023 is Mexico ($125 billion).  

Which of the statements given above is/are correct?

A 1 only Correct Answer Incorrect Answer
B 1 and 2 only Correct Answer Incorrect Answer
C 3 only Correct Answer Incorrect Answer
D 2 and 3 only Correct Answer Incorrect Answer

Solution

It is prepared by the Migration and Remittances Unit, Development Economics (DEC), the premier research and data arm of the World Bank. The brief is produced twice a year.  It also provides medium-term projections of remittance flows to developing countries.  The top five remittance recipient countries in 2023 are India ($125 billion), Mexico ($67 billion), China ($50 billion), the Philippines ($40 billion), and Egypt ($24 billion).  The United States continued to be the largest source of remittances.

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