Tag: The World Bank
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World Bank predicts global remittances may drop by 20% in 2020 due to COVID-19
The World Bank is projecting that global remittances may decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19 pandemic and shutdown. The projected fall, which would be the sharpest decline in recent history, is largely due to a fall in the wages and employment of migrant workers,…