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Drop in Remittances -A Financial Lifeline for 800 Million People- Could Impact Financial Stability of Numerous Countries


UNITED NATIONS, Dec 9 2020 (IPS) – On Dec. 2 Gabriel Arias, 42, left a Washington Heights, New York, money transfer agency after sending money home to the Dominican Republic. For the past eight years, every fortnight he would come to this branch at 171st street after getting paid from his construction job. But things are different this year and he worries about his family back home.
A landmark United Nations report is calling on governments to declare remittance transfer an essential service. Photo by Christine Roy on
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Arias lost his job in May, amid heightened COVID-19 restrictions in the state. He told IPS he has tried to work some odd jobs, but has barely earned enough for his monthly apartment rental. This early December visit to send money home was only his second since June. ....

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