Macroeconomy/Finance

World Bank projects 20% drop in remittances worldwide

The World Bank (WB) predicts that by 2020 remittances will fall sharply, by nearly 20% worldwide, as a result of the economic crisis induced by the COVID-19 pandemic and confinement. In Bolivia, the decline was already noticeable during the first two months of this year, with a 5.6% decrease in remittances.

Source: La Razón