Send Money Home, Build an Airport
Remittances to India, China, the Philippines and Mexico can be used to build infrastructure
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The World Bank has some novel ideas for remittances coming into India, China, the Philippines, Mexico and Nigeria: build infrastructure.
Money sent home from citizens working overseas as engineers, teachers, nurses, sailors and domestic helpers reached about $583 billion last year, according to the World Bank. Of that, India received about $70 billion, China $64 billion and the Philippines $28 billion. And those are just the official flows.