Dilip Ratha

Dilip Ratha is a lead economist at the World Bank and an advisor to the Multilateral Investment Guarantee Agency.

Dilip Ratha on the Power of Remittances

Dilip Ratha October 19, 2023

Millions of families around the world- even some countries, rely on workers living abroad to keep their economies afloat. In fact, global remittances reached a record $647 billion in 2022—three times that of official development assistance. Dilip Ratha is lead economist for migration and remittances at the World Bank. In this podcast, Ratha says remittances are timely, large, stable, and best of all, they are countercyclical.

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IMF Podcasts are the views of the International Monetary Fund (IMF) staff and external officials on pressing economic and policy issues of the day. The IMF, based in Washington D.C., is an organization of 191 countries, working to foster global monetary cooperation and financial stability around the world. The views expressed are those of the author(s) and do not necessarily represent the views of the IMF and its Executive Board.