The developing world loses billions in money from migrant workers

Migrant workers, from Polish farmers working in the fields of southern France to Filipino Caribbean cruise workers, who lost their jobs due to the economic impact of the pandemic are running out of cash to send home, giving a hard blow to the fragile economic health of the developing world.

Tens of millions of Indians, Filipinos, Mexicans and others from developing countries working abroad sent a record $ 554 billion to their home countries last year. That’s more than any foreign direct investment in …