Our research shows that diaspora remittances halve the chance of Kenyan children being out of school. In the households that receive remittances, not only is more money spent on education, but the children are also less likely to work and more likely to study.
In Kenya, we found that $300 million extra was flowing into children’s education due to annual remittances – now topping a record $2.1 billion.
At a global level, our calculations suggest that if traditional, cash-based money transfers were replaced by lower-cost digital alternatives, an additional $825 million would be unlocked for families to spend on children’s education. Such savings could be enough to pay for 20 million school uniforms, 30 million school books and 16 million sets of school supplies for children in low and middle income countries.
For full methodology see here.