Senate Bill #1158 – Immigration and Remittances: What’s to come?
In a typical year, more than 270 million immigrants living and working abroad send cash transfers, known as remittances, to their home countries. In 2019, two-thirds of all international migrants lived in just 20 countries, with the United States holding the most at 51 million (about 19% of the world’s total). (United Nations). As of 2020, despite the lockdowns that have devastated economies and led unemployment rates to skyrocket, remittances have generally held READ MORE READ MORE