RBNZ Supports Worldwide Call to Act on Remittance

  • Jun 19, 2020 NZST
  • Team Kalkine
RBNZ Supports Worldwide Call to Act on Remittance

The Reserve Bank of New Zealand is backing a worldwide multi-stakeholder request to keep and improve migrants’ access to money transfer services or remittance through the current economic crisis.

  • The call to action underlines the impact of the COVID-19 pandemic to communities, economies, and families reliant on remittances.
  • The World Bank estimates that remittances to middle and low-income countries will decline by approximately 20%.

 


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