Friday

29th Mar 2024

Ticker

Migrants lift millions out of poverty, new report shows

More than 200 million migrant workers are now supporting an estimated 800 million family members globally, as migrants send home 51 per cent more money than a decade ago, according to a report by the UN's Rome-based International Fund for Agricultural Development (IFAD). "The small amounts ... that each migrant sends home ... makes an enormous difference,” said IFAD president Gilbert F. Houngbo.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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