Context

The International Organization for Migration (IOM) launched the World Migration Report 2024, which reveals significant shifts in global migration patterns, including a record number of displaced people and a major increase in international remittances.  

World Migration Report 2024

The World Migration Report 2024 plays a crucial role in elucidating the complexity of human mobility through evidence-based data and analysis.

• In an era marked by uncertainty, understanding migration dynamics is essential for informed decision-making and effective policy responses. 
• The World Migration Report sheds light on longstanding trends and emerging challenges.” 
  • Addressing Challenges of Human Mobility: The IOM Report aims to help dispel myths, provide critical insights, and inspire meaningful action in addressing the challenges and opportunities of human mobility.  

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Key Findings from the World Migration Report 2024

• Resilience of International Migration and Remittances Amidst COVID-19: International migration remains a driver of human development and economic growth.
  • This is highlighted by a more than 650 per cent increase in international remittances from 2000 to 2022, rising from USD 128 billion to USD 831 billion. 
  • The growth continued despite predictions from many analysts that remittances would decrease substantially because of COVID-19.  
• Remittance to Low and Middle-income Countries: Of the 831 billion in remittances, 647 billion were sent by migrants to low and middle-income countries. 
  • These remittances can constitute a significant portion of those countries’ GDPs, and globally, these remittances now surpass foreign direct investment in those countries. 
• Challenges: Highlighting key findings, the report reveals that while international migration continues to drive human development, challenges persist. 
  • Unprecedented Levels of Displacement: The global population of international migrants stands at approximately 281 million, while the number of individuals displaced by conflict, violence, disasters, and other factors increased to a record high of 117 million. 
    • This underscores the pressing need to address displacement crises urgently.
  • Misinformation and Politicization: Most migration is regular, safe, and regionally focused, directly linked to opportunities and livelihoods.
    • Yet, misinformation and politicization have clouded public discourse, necessitating a clear and accurate portrayal of migration dynamics.