This brief assesses the impact of the coronavirus disease (COVID-19) on migrant workers, how reduced remittances will affect households and economies in Asia and the Pacific, and what policy makers can do to soften the blow.
Tag: remittances
Coronavirus leads to nosedive in Latin America remittances
By Humberto Márquez CARACAS, May 18 2020 (IPS) – Remittances that support millions of households in Latin America and the Caribbean have plunged as family members lose jobs and income in their host countries, with entire families sliding back into…
Riyadh denies plans to tax foreign remittances
Saudi Arabia’s Ministry of Finance has denied plans to tax the remittances of foreign workers. The statement to Saudi Press Agency came in response to reports of a proposal to tax transfers, the ministry said. “The Ministry of Finance denies…