PROMOTING FINANCIAL INCLUSION AND SUSTAINABILITY: EMPOWERING MIGRANT WORKERS FOR A BETTER FUTURE

Abstract

In today's globalized world, the phenomenon of migration has become increasingly prevalent, with millions of individuals leaving their home countries in search of better economic opportunities. Migrant workers play a crucial role in supporting the economies of both their host and home countries through their contributions to various sectors. However, they often face numerous challenges, including limited access to financial services and vulnerability to exploitation. This study aims to explore the importance of promoting financial inclusion and sustainability for migrant workers, highlighting the potential benefits it can bring benefits for both individuals and society as a whole. Financial inclusion refers to the access and usage of essential financial services, such as banking, credit, insurance, and savings, by all members of society, including marginalized groups. By ensuring that migrant workers have access to these services, they can enhance their economic stability, build assets, and effectively manage their finances. Empowering migrant workers with financial knowledge and tools can lead to a myriad of positive outcomes.