Lifelines in Danger
he COVID-19 pandemic is crippling the economies of rich and poor countries alike. Yet for many low-income and fragile states,
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Markets
C-19 has squeezed migrants’remittances
FIVE YEARS ago the UN proclaimed June 16th the International Day of Family Remittances. Since then money sent home by
Read moreThe C-19 crisis is boosting mobile money
The story of mobile money is one that turns during crises. In Kenya in 2008, violence broke out after a
Read moreC-19 could fuel demand for diaspora bonds
WASHINGTON/LONDON (Reuters) – The coronavirus pandemic and its devastating economic impact on developing countries could fuel fresh interest in so-called
Read moreBusiness Of Remittances Could Collapse
The World Bank has predicted that there will be a 20 percent decline in global remittances in 2020. Amid economic
Read moreGovt moves to offset remittances shortfall
ISLAMABAD: Expecting a shortfall in the amount of money sent back to the country by migrant workers because of the
Read moreExpats opt for bKash to send remittances
In this worldwide ‘lockdown’ situation enforced for preventing Covid-19, expatriate Bangladeshis are relying on online-to-wallet money transfer service to send
Read moreMT services paid out in local currency
Lebanon’s central bank said on Thursday that money transfer services operating outside commercial banks must issue cash in local currency
Read moreEncouraging employees to go digital
The Ministry of Administrative Development, Labour and Social Affairs (MADLSA) has asked companies to educate their workers about online remittance
Read moreRemittances to Mexico could fall 17% in 2020
Due to the uncertainty regarding its duration, it is difficult to estimate the impacts of the Covid-19 crisis on the
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