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The report said India’s remittances fell by just 0.2% in 2020, with much of the decline due to a 17% drop in remittances from the United Arab Emirates

Remittances to Nigeria reduced by 27.7% in 2020 - World Bank Currencies

Migration and Development Brief 34 [EN/AR/RU/ZH] Format Summary This Migration and Development Brief provides updates on global trends in migration and remittances. It highlights developments related to migration-related Sustainable Development Goal (SDG) indicators for which the World Bank is a custodian: increasing the volume of remittances as a percentage of gross domestic product (SDG indicator 17.3.2) and reducing remittance costs (SDG indicator 10.c.1). Defying predictions, remittance flows have proved to be resilient during the COVID-19 crisis. In 2020, officially recorded remittance f...

By Folasade Akpan Abuja, May 12, 2021 A World Bank report says officially recorded remittance flows to low- and middle-income countries reached 540 billion dollars in 2020, 1.6 per cent below the 2019 total of 548 billion dollars. The report which is titled ‘Migration and Development Brief’ released in Washington

Last Updated: India Received USD83 Billion In Remittances In 2020: World Bank Report India received over USD83 billion in remittances in 2020, a drop of just 0.2 per cent from the previous year, despite the pandemic. Image Credits: AP India received over USD83 billion in remittances in 2020, a drop of just 0.2 per cent from the previous year, despite a pandemic that devastated the world economy, according to a World Bank report. China, which received USD59.5 billion in remittances in 2020 against USD68.3 billion the previous year, is a distant second in terms of global remittances for th...