Social Protection

Remittances could fall by $100 billion because of COVID-19 – here’s why that matters

Jul 6, 2020

People wear a protective masks as they buy tickets at the Beijing South Railway Station, after an outbreak of the coronavirus disease (COVID-19), in Beijing, China July 3, 2020.

The total value of remittances reached $714 billion in 2019. Image: REUTERS/Thomas Peter

Harry Kretchmer

Senior Writer, Formative Content

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Global remittances

Global remittances Image: Pew Research Center

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Remittance flows

World Bank data shows the complex hotspots of remittance flows. Image: WEF/Word Bank

Remittance

Remittance around the world. Image: KNOMAD

Remittance flows between low-to middle income countries.

Remittance flows between low-to middle income countries. Image: World Bank-KNOMAD

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Social Protection Financial and Monetary Systems Development Finance COVID-19

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