The poor losing vital remittance payments

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Osigan Caseres lost her job as a maid and no longer sends home $300 each month to her daughters in the Philippines to buy food for her eight grandchildren.

In Somalia, Asha Mohamed Ahmed no longer receives the $400 her daughter used to provide from working at a Minneapolis hotel to cover the family’s monthly bills. And in Mexico, Rosy worries how she will afford to buy medicine for her diabetic mother without the money her brother used to send before being furloughed at an Idaho ranch.

They are all economic victims of the novel coronavirus. As hundreds of millions of people around the world grapple with job losses, business closures and lockdowns, many are no longer able to help poorer relatives in developing nations whose lives can hinge on these payments. Billions of dollars in remittances from wealthier nations to poorer ones may be vanishing, threatening the welfare of millions of families globally and the health of their countries in the months ahead, economists say.

[The Washington Post]

This entry was posted in , , by Grant Montgomery.

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