KNOMAD to harness knowledge and policy expertise on migration: World Bank

  Migration has become a defining feature of globalisation having serious implications on the development and growth. The World Bank has recently initiated the Global Knowledge Partnership on Migration and Development (KNOMAD), envisioned to become a global hub of knowledge and policy expertise on migration issues. This is a very timely initiative keeping in view the rapid growth in migration and remittances over the last decade, especially to the developing countries. The report estimated that the remittance flows to developing countries have more than quadrupled since 2000. Global remittances, including those to high-income countries, are estimated to have reached $514 billion in 2012, compared to $132 billion in 2000. Besides the developmental implications, migration has profound impact on social-cultural, economic and political aspects. It is very important for sustaining the livelihood of the millions of people, transferring skil