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WASHINGTON, May 12, 2021 mdash; Despite COVID-19, remittance flows remained resilient in 2020, registering a smaller decline than previously projected.
WB: PH among top remittance recipients Anna Leah E. Gonzales The Philippines was one of the top five recipients of remittances last year, a report released by the World Bank said. © Provided by The Manila Times The World Bank headquarters in Washington, D.C. XINHUA FILE PHOTO The World Bank’s latest Migration and Development Brief showed that in current US dollar terms, the top five recipient countries last year were India, China, Mexico, the Philippines and Egypt. “Defying earlier predictions of shrinking flows due to the pandemic, remittances to the Philippines fell b...
Low- and Middle-Income Countries Received $540 billion in 2020, $8 Billion Less Than in 2019 WASHINGTON, May 12, 2021 – Despite COVID-19, remittance flows remained resilient in 2020, registering a smaller decline than previously projected. Officially recorded remittance flows to low- and middle-income countries reached $540 billion in 2020, just 1.6 percent below the 2019 total of $548 billion, according to the latest Migration and Development Brief. The decline in recorded remittance flows in 2020 was smaller than the one during the 2009 global financial crisis (4.8 percent). It was also f...
English Analysis on World about Health, Recovery and Reconstruction and Epidemic; published on 12 May 2021 by World Bank
Remittances in region on the increase Haider-al-Lawati SHARE Despite difficulties arising out of declining oil prices across GCC States, the volume of expatriate manpower has not witnessed such a decrease. In fact, it recorded an increase in some countries. According to the latest World Bank report, ‘Migration and Development Brief’, remittances to low and middle-income countries are on track to recover this year after two consecutive years of decline. Accordingly, the outlook for remittances flowing from the region and the world to Asian and African developing countri...