Latin America, Caribbean top 2020 remittance receipts – World Bank Brief

Fears expressed during the early months of the COVID-19 pandemic that the Caribbean, among other regions, would have to endure a protracted period of significantly reduced remittances proved unfounded as officially recorded remittance flows to low and middle income countries reached US$540 billion in 2020, reflecting a less than anticipated 1.6 per cent decline against the 2019 figure of $548 billion, according to the World Bank’s most recent Migration and Development Brief.

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