All News and Announcements
Kenya: Remittances to Kenya Resist COVID-19
The increase in remittances comes despite the impact of the pandemic on wages and employment across the world.
Fight Against India's COVID-19 Second Wave: UAE Firms Waive Charges on Remittances
Money transfer companies in the UAE are trying to contribute in their own way to fight the COVID-19 pandemic situation in India by waiving charges to funds being transferred to India’s PM Cares Fund and Kerala Chief Minister’s Distress Relief Fund
High Cost, Waiting Time Associated With Remittances Big Concern Among Malaysians, Survey Shows
These findings were from a survey to better understand how the COVID-19 pandemic has affected the remittance habits of those living in Malaysia.
Mexicans in U.S. Sent Record Remittances Despite Covid-19 Pandemic
Unexpected surge in amounts forwarded home shows resilience in U.S. construction and agriculture.
Remittances From Moroccan Diaspora Reached $7 Billion in November 2020
Morocco’s Foreign Exchange Office has announced that remittances from the Moroccan diaspora continue despite the COVID-19 pandemic.
World Bank Flags Pandemic Risks for Bangladesh’s Exports, Remittances
The World Bank has warned that the weaker-than-expected growth elsewhere in the world due to the pandemic may undermine the recovery in Bangladesh and other countries in South Asia.
Remittances to Pakistan Stay Above $2 Billion for Sixth Consecutive Month
UAE emerges second largest source of remittances for Pakistan in first five months of FY 2021.
Remittances Provide Temporary Cushion to Nepal’s Troubled Economy
At a time when the world economy was hard hit by the ongoing pandemic, improvement in Nepal’s remittances inflow has made it easier for the government to operate.
The COVID Pandemic’s Sledgehammer Blow to Remittances
Remittances are an important source of income for low/middle-income countries. But nations that rely more on these inflows have been hit harder.
Remittances to Fall for First Time in 11 Years
However, even though this is a 7.6 percent drop from last year’s $17 billion, Vietnam will remain the ninth biggest remittance beneficiary in the world.