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As COVID-19 continues to affect economies around the world, cash from migrant staff in countries released to friends and the family circle in emerging countries is expected to decline by 14% by 2021, according to figures recently published by the World Bank.
With the growing global concern of a “second wave” of infections and related economic effects, a reduced flow of remittances can have a significant effect on the education, fitness and food security of millions of others in the next world.
In a special update for Expert Answers, world bank chief economist for migration and remittances, Dilip Ratha, collects the latest studies on what happened to remittances during the pandemic and what he plans to do next.
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