The flow of money across borders is quickly growing, often changing and impossible to fully track.
The best guess comes from the World Bank, which estimates that about $630 billion was sent in remittances to low- and middle-income nations in 2022, roughly equaling foreign direct investment in those countries. The sum represents a rise of almost 5%, with economies rebounding from Covid-19 and overseas workers — along with a rising number of refugees — sending more money home.
"payment" - Google News
April 21, 2023 at 11:00AM
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Tracking the Flow of Cross-Border Payments Around the World - Bloomberg
"payment" - Google News
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