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Developing World Loses Billions in Money From Migrant Workers – The Wall Street Journal


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Developing World Loses Billions in Money From Migrant Workers – The Wall Street Journal

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…

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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