Answer :
True
Remittances reduce poverty, increase welfare and provide foreign currency that enables countries to pay for essential imports and service external debt. That in turn it brings improvement and increases future flows of collateral to raise billions of dollar in financing at cheaper interest rates and longer maturities.
Remittances reduce poverty, increase welfare and provide foreign currency that enables countries to pay for essential imports and service external debt. That in turn it brings improvement and increases future flows of collateral to raise billions of dollar in financing at cheaper interest rates and longer maturities.