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Economist Dilip Ratha was the first to analyze the global significance of remittances — money sent from foreign workers to their families back home.
He is the manager of the Migration and Remittances team at the World Bank and the head of the Global knowledge partnership on migration and development (KNOMAD). He also co-coordinates the G8/G20 Global Remittances Working Group, and is involved in a number of other organizations focusing on remittances. Besides migration, he has done pioneering work on innovative financing including diaspora bonds and south-South foreign direct investment.