The Ukraine crisis and COVID-19 have significant implications for global governance of migration and remittance flows. The report highlights that remittances sustained strong momentum in 2021, with top source and recipient countries being the US and India, respectively. However, the outlook for 2022 is uncertain due to the Russian invasion of Ukraine, which has increased risks for remittances. The report also discusses migration trends and policy issues related to remittances, including costs and data improvement. The implications for global governance architecture for migration and remittance flows are also discussed, including the need for global governance of migration.
