Climate Change as a Crisis-Multiplier
Climate change fuels a growing humanitarian and economic crisis in low-and middle-income countries (LMICs). Worsening drought, shifting raining seasons, more intense floods, heatwaves and storms combine to increase rural poverty, reduce food and water security and spur rural migration. Migrant remittances, estimated at $656 billion in 2023, are now a vital financial lifeline for millions in these countries. These private flows help to support recipients’ household expenses, including education, health and many productive activities. Can these intra-family cash transfers also assist families in becoming more resilient in the face of climate change?

Climate Change as a Crisis-Multiplier
Climate change fuels a growing humanitarian and economic crisis in low-and middle-income countries (LMICs). Worsening drought, shifting raining seasons, more intense floods, heatwaves and storms combine to increase rural poverty, reduce food and water security and spur rural migration. Migrant remittances, estimated at $656 billion in 2023, are now a vital financial lifeline for millions in these countries. These private flows help to support recipients’ household expenses, including education, health and many productive activities. Can these intra-family cash transfers also assist families in becoming more resilient in the face of climate change?

Climate Change as a Crisis-Multiplier
Climate change fuels a growing humanitarian and economic crisis in low-and middle-income countries (LMICs). Worsening drought, shifting raining seasons, more intense floods, heatwaves and storms combine to increase rural poverty, reduce food and water security and spur rural migration. Migrant remittances, estimated at $656 billion in 2023, are now a vital financial lifeline for millions in these countries. These private flows help to support recipients’ household expenses, including education, health and many productive activities. Can these intra-family cash transfers also assist families in becoming more resilient in the face of climate change?

Climate Change as a Crisis-Multiplier
Climate change fuels a growing humanitarian and economic crisis in low-and middle-income countries (LMICs). Worsening drought, shifting raining seasons, more intense floods, heatwaves and storms combine to increase rural poverty, reduce food and water security and spur rural migration. Migrant remittances, estimated at $656 billion in 2023, are now a vital financial lifeline for millions in these countries. These private flows help to support recipients’ household expenses, including education, health and many productive activities. Can these intra-family cash transfers also assist families in becoming more resilient in the face of climate change?

Pedro de Vasconcelos, Manager Financing Facility for Remittances, International Fund for Agricultural Development.