Remittances to lower-income nations ease this year

By Agence France-Presse

Dec 02, 2022 12:02 am

WASHINGTON, D.C.: Cash transfers to low- and middle-income countries eased this year, with rising prices taking a toll on migrants' incomes, according to the World Bank.

Remittances to lower-income countries rose about 5 percent to $626 billion, lower than the 10.2-percent jump in 2021, it said in a report on Wednesday.

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