Op-Ed: Global Remittances at the Forefront of Reducing Inequalities in Emerging Markets

While there have been some significant achievements in reducing financial inequalities around the world, half of the global population living in extreme poverty (on less than $1.90 per day) live in just five countries – India, Nigeria, Democratic Republic of Congo, Ethiopia, and Bangladesh. Reducing inequalities in these countries is essential to global development. One of the ways to reduce this inequality is to increase the availability of affordable and accessible financial resources. This, in turn, increases financial inclusion and provides access to life-enhancing opportunities and services. 


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