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The\u00a0International Monetary Fund\u00a0(IMF) has revealed that\u00a0migrant\u00a0workers sent $647 billion back to their families in 2022.<\/strong><\/p>\n However, the Fund said, the\u00a0migrants\u00a0face high fees when sending\u00a0money\u00a0to their families.<\/p>\n A migrant worker is\u00a0a person who migrates within a home country or outside it to pursue work. Migrant workers usually do not have an intention to stay permanently in the country or region in which they work.<\/p>\n \u201cOur Back to Basics video highlights how improved remittance regulation and reduced costs could expand access to finance,\u201d the Bretton Woods Institution said on Monday, December 18, a day set aside to mark the World Migrant Day celebration.<\/p>\n On 18 December 1990, the General Assembly adopted a resolution on the International Convention on the Protection of the Rights of All Migrant Workers and Members of Their Families.<\/p>\n Migrant workers sent $647 billion back to their families in 2022. But they face high fees when sending money to their families. Our Back to Basics video highlights how improved remittance regulation and reduced costs could expand access to finance. pic.twitter.com\/nS7Ue8vHA7<\/a><\/p>\n\n