Small Island Developing States: Leveraging Diaspora Skills, Networks, and Economic and Cultural Capital

HIBAPRESS-RABAT-IOM

Well-managed migration is a critical part of how small island developing states achieve resilient prosperity, the International Organization for Migration (IOM) has said.

Leveraging the skills, networks, and economic and cultural capital of small island developing States diasporas can drive the progress and growth of small island developing States. Remittances and investments from migrants constitute complementary sources of financing for families and economies.

Remittances from migrant workers to SIDS, amounting to $22 billion in 2023, help support sustainable development, climate adaptation and poverty reduction, as well as stabilize economies, including during crises and after disasters.

Safe, orderly and regular migration pathways, including enhanced labor migration between small islands, can help overcome demographic challenges and support economic diversification.

Well-managed migration can also be integrated into adaptation and mitigation solutions for climate and environmental resilience, and lead to solutions to displacement.

IOM is committed to continuing to work with governments, the private sector, international organizations, academia, civil society, migrants and host communities to harness the potential of migration as a driver of human development and global prosperity.

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