Migrant workers sent a record $554 billion home to developing countries last year. Then the pandemic dried up that cash flow, and now their families are struggling to get by without that money.
Migrant workers—from Polish farmhands working the fields of southern France to Filipino cruise-ship workers in the Caribbean—who lost their jobs because of the pandemic’s economic impact are running out of cash to send home, dealing a blow to the fragile economic health of the developing world.
Tens of millions of Indians, Filipinos, Mexicans and others from developing countries working overseas sent a record $554 billion back to their home countries last year. That’s an amount greater than all foreign direct investment in...
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