Remittances Remain High, Even As Unemployment Rates Soared In 2020
Apparently it’s the International Day for Family Remittances. Despite dire predictions in early 2020 by the World Bank and others, this didn’t actually materialize. The total drop was almost insignificant. Despite COVID-19, remittance flows remained resilient in 2020, registering a smaller decline than previously projected. Officially recorded remittance flows to low- and middle-income countries reached …
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