World Bank projected a drop o 19.3% in remittances to Latin America

Remittances to Latin America and the Caribbean have plunged as a result of the Covid-19 health crisis and global economic recession. The region will receive a projected $77.5 billion in remittances this year, 19.3% less than the $96 billion it received in 2019, according to provisional forecasts by the World Bank.

Source: Consortium News