All News and Announcements

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News

IGAD and UNCDF Announce Agreement to Formalize, Enhance Regional Remittance Flows

Technical assistance collaboration will review relevant policies and regulations, promote cross-border coordination to shift remittances into safer, more transparent formal channels.

News

Google Pay Enables Remittances, With Plans for Global Expansion

The app now allows users based in the United States to send money to GPay users in India and Singapore.

News

COVID-19: Remittance Flows to Shrink 14 Percent by 2021

Remittance flows to low and middle-income countries are projected to fall by 7 percent, to $508 billion in 2020, followed by a further decline of 7.5 percent, to $470 billion in 2021.

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Global FinTech Platform Nium Announces Expansion of Remittance Routes for E9pay Customers

E9pay aims to leverage Nium's extensive payments network to boost its B2B remittance offering

News

Remittances in the Time of Pandemic

Remittance inflow to South Asian countries indeed fell during the peak of the global pandemic. 

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Drop in Remittances Raises Credit Risk in Low and Mid-Income Economies

A global drop in remittances by migrant workers due to the coronavirus-induced recession will raise credit risk in countries most dependent on such inflows.

News

The Impact of Coronavirus on Foreign Workers

A Q&A with World Bank economist Dilip Ratha on the job losses and travel restrictions affecting migrants around the world.

News

Developing World Loses Billions in Money From Migrant Workers

Migrant workers who lost their jobs because of the pandemic’s economic impact are running out of cash to send home, dealing a blow to the fragile economic health of the developing world.

News

UN Chief in ‘Support Migrants’ Plea, as Remittances Drop by 20 Percent

In his message, Mr. Guterres recognized the determination of the 200 million migrants who regularly send money home, and 800 million families, in communities throughout the developing world, who depend on those resources.

News

COVID-19: Governments Must Protect the Rights of Migrants During the Pandemic and Beyond, UN Experts Urge

UN human rights experts today called on States to protect the rights of migrants and their families, regardless of their migration status, during and after the COVID-19 pandemic.