Somaliland: G20 Contemplate Reducing the Cost of Remittance Transfer worth $500 Billion Annual


G20 Chiefs to discuss reducing cost of remittances to third world countries proposed by Modi of India Inset

Somalilandsun – AUSTRALIA is backing a global deal to cut the cost of financial transfers worth $500 billion a year, as Tony Abbott joins other G20 leaders to put pressure on banks and payment agencies to cut fees. The Prime Minister is acting on concerns from his Indian counterpart, Narendra Modi, and other leaders to free up the flow of remittances that provide a vital source of income for families in developing countries reports The Australian