News Words: Remittance
Last year, $466 billion in remittances flowed to low and middle-income countries. That figure is estimated to grow to $485 billion this year. Remittances are a lifeline to many countries that are facing some sort of a crisis. The poorer the country, the larger the dependence on remittances.
Last year, $466 billion in remittances flowed to low and middle-income countries. That figure is estimated to grow to $485 billion this year. Remittances are a lifeline to many countries that are facing some sort of a crisis. The poorer the country, the larger the dependence on remittances.