International migration remains widely framed as a challenge, yet growing evidence highlights its potential as a driver of development. A review of projects funded by the World Bank shows a stark imbalance: most resources support refugee hosting, while very limited funding targets economic migration. Out of $40 billion committed over the past decade, only a small share has been allocated to equipping potential migrants with skills, reducing remittance costs, or engaging with diaspora communities. This reflects both funding priorities and weak demand from origin countries.
However, promising initiatives—from skills training aligned with global demand to diaspora engagement—demonstrate clear opportunities. Development agencies can play a critical role in shifting incentives and scaling investments that transform migration into a shared development opportunity.
