Remittances to Sub-Saharan Africa decline 23.1% due to COVID-19, says World Bank

The World Bank says remittances to Sub-Saharan Africa will decline by about 23.1% in 2020 to reach US$37 billion owing to the effects of COVID-19 which has affected the global economy. In a statement, the bank attributed the decline largely to a fall in the wages and employment of migrant workers, who tend to be …

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Remittances to Sub-Saharan Africa decline 23.1% due to COVID-19, says World Bank

The World Bank says remittances to Sub-Saharan Africa will decline by about 23.1% in 2020 to reach US$37 billion owing to the effects of COVID-19 which has affected the global economy. In a statement, the bank attributed the decline largely to a fall in the wages and employment of migrant workers, who tend to be …

The post Remittances to Sub-Saharan Africa decline 23.1% due to COVID-19, says World Bank appeared first on Open Parly.

Read more