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UN Calls for Lower Costs for Sending Money Abroad

From AfricanLoft Wed 21 Oct, 04:12 pm

High fees and restrictions are holding back the potential of remittances to lift people out of poverty, a new United Nations report has found. Poor families in Africa receive up to 40 billion US dollars from migrant workers abroad every year, but fees account for 25 per cent of transfers’ value. The report is calling [...]
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