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Lower hard-currency income dents national balance sheets and there are human costs too
Remittances have increased since start of pandemic, helped by US welfare
Pandemic exposes weaknesses of an economy that relies on family members sending money back home
Economic impact of virus triggers homecoming flood but many left stranded, ILO warns
Coronavirus hit to global economy depletes vital source of finance for poor nations
Remittances flows around the world are set to shrink, damaging recipient economies
All served up with a sprinkling of magical blockchain dust, naturally.
Better use of funds could prevent a low growth, high emigration trap
With 270m migrants around the world, the money they send home now exceeds foreign direct investment
Workers spend $25m a year sending money home
European labour shortages lure young people in search of higher wages
Remittances are vital for Himalayan nation’s economy but local industry has lagged behind
Migrants’ money channelled into diaspora bonds and infrastructure investment
Remittances have overtaken FDI as the largest flow of capital into emerging economies
White House threatens to use remittances from US as leverage in migration dispute
Remittances of cash, food and goods comprise nearly 10 per cent of GDP
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