By FAITH NYAMAI More by this AuthorRural families are the most affected by the Covid 19 pandemic as remittances continue to decline globally. International Fund for Agricultural Development (Ifad)) Senior Technical Specialist, Coordinator, Financing Facility for Remittances Pedro de Vasconcelos say the global economic situation could push rural families to even deeper poverty levels. “I am calling on all governments to act fast and minimize the impact of the drop in remittances on food security of rural families,” said Mr Vascocelos. The Covid-19 pandemic is expected to lead to a 20 percent decline in migrant remittance flow to the low and middle income countries. Mr Vascocelos said, governments must come up with innovative business solution to support families that depend on remittances.

Source: Daily Nation June 13, 2020 10:18 UTC