How to save vital remittances to the developing world

Arabnewssocial13 Jul, 2020News

Even before the coronavirus pandemic, funds sent home by migrant workers were a lifeline for tens of millions of families and dependents, and a crucial source of income for developing world governments. At $550 billion, remittances in 2019 were greater than all foreign direct investment into low and middle-income economies, and more than triple the development aid from Organization for Economic Co-operation and Development (OECD) countries.