Sunday, March 3News That Matters

Tag: Business

Covid-19 Pandemic Deepens Need For Low Cost Effective Remittances

Business, FEATURED
By Elite News Reporter As the world commemorated the 2020 International Day of Family Remittances (IDFR) on June 16, in this game changing year, it is important to draw attention to the millions of migrant workers globally who play a vital role in global economies, says the UN. Countries around the world went to battle with a novel virus that emerged late in 2019 in order to save millions of lives, enforcing strict stay-at-home measures to curb the virus’s  spread. As a result economies globally came to a complete or a near-complete standstill. This will have directly impacted the more than 200 million migrant workers who support their 800 million family members back in their home countries (United Nations, 2020). In April, the World Bank predicted the sharpest decline ...