Page 32 - Development Brief News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Remittance inflows to Nigeria reduced 28% in 2020 – World Bank “The decline in flows to Sub-Saharan Africa was almost entirely due to a 28 per cent decline in remittance flows to Nigeria." 3 min read The World Bank says remittance inflows to Nigeria declined by 28 per cent in 2020 because of COVID-19 pandemic. The bank also said remittance flows fell for Sub-Saharan Africa by 12.5 per cent, according to its Migration and Development Brief 33 Phase 11 entitled: “COVID-19 Crisis Through a Migration Lens’’ published on Thursday. The report said the decline in remittance...

Read more about Kerala hit hard by drop in remittances as 1.2 mn workers return: World Bank on Business Standard. Kerala has been hit hard by the drop in remittances from the Gulf countries from where about 1.2 million workers returned to the state due to the Covid-driven layoffs, according to the World Bank

 (AFRICAN EXAMINER) – The World Bank says remittance inflows to Nigeria declined by 28 per cent in 2020 because of COVID-19 pandemic. The Bank also said remittance flows fell for Sub-Saharan Africa by 12.5 per cent, according to its Migration and Development Brief 33 Phase 11 entitled: “COVID-19 Crisis Through a Migration Lens’’ published on Thursday. The report said the decline in remittance flows to Nigeria was largely responsible for the fall in remittance flows to Sub-Saharan Africa. “The decline in flows to Sub-Saharan Africa was almost entirely due to a 28 per cent decline in...

Kerala worst-hit as 1.2M Gulf workers returned to the state in the aftermath of Covid-driven layoffs

Representative image | Photo: Pics4news United Nations: Kerala has been hit hard by the drop in remittances from the Gulf countries from where about 1.2 million workers returned to the state due to the Covid-driven layoffs, according to the World Bank. Overall, though, the total remittances from Indian workers abroad was $8.3 billion in 2020, a drop of only 0.2 per cent from the previous year, the Bank's Migration and Development Brief released on Wednesday revealed. India's remittances from the United Arab Emirate...