Editing Development aid (section)

==== Remittances ====
Development aid is not usually understood as including [[remittance]]s received from migrants working or living in [[diaspora]]—even though these form a significant amount of international transfer—as the recipients of remittances are usually individuals and families rather than formal projects and programmes. 

[[World Bank]] estimates for remittance flows to "developing countries" in 2016 totalled $422&nbsp;billion,<ref>{{Cite web|last=|first=|date=April 2018|title=Migration and Remittances: Recent Developments and Outlook|url=http://documents1.worldbank.org/curated/en/805161524552566695/pdf/125632-WP-PUBLIC-MigrationandDevelopmentBrief.pdf|url-status=live|archive-url=https://web.archive.org/web/20200829144249/http://documents1.worldbank.org/curated/en/805161524552566695/pdf/125632-WP-PUBLIC-MigrationandDevelopmentBrief.pdf |archive-date=29 August 2020 |access-date=5 February 2021|website=World Bank}}</ref> which was far greater than total ODA. The exact nature and effects of remittance money remain contested.<ref>[http://www.imf.org/external/pubs/ft/wp/2003/wp03189.pdf Are Immigrant Remittance Flows a Source of Capital for Development? - WP/03/189<!-- Bot generated title -->]</ref> The [[International Monetary Fund]] has reported that private remittances may have a negative impact on economic growth, as they are often used for private consumption of individuals and families, not for economic development of the region or country.<ref>[http://www.imf.org/external/pubs/cat/longres.cfm?sk=16801.0 Are Immigrant Remittance Flows a Source of Capital for Development<!-- Bot generated title -->]</ref>