News & Analysis: Remittances

Migrant remittances to Africa are proving resilient despite a global pandemic

“Early World Bank estimates in April had predicted a 23.1% drop in remittances to sub-Saharan African countries this year in the wake of economic shocks in the aftermath of the Covid-19 pandemic. But the bank’s updated estimates portray a more positive outlook.”

via Quartz Africa

COVID-19: Remittance Flows to Shrink 14% by 2021

“As the COVID-19 pandemic and economic crisis continues to spread, the amount of money migrant workers send home is projected to decline 14 percent by 2021 compared to the pre COVID-19 levels in 2019”

via World Bank

African money transfer firms thrive as pandemic spurs online remittances

“The pandemic gave remittance companies an advantage over their main competition in Africa: the sprawling informal networks of traders, bus drivers and travellers used by many migrants to send money home.”

via Reuters

COVID-19 and migrant remittances: Supporting this essential lifeline under threat

“Facilitating remittance flows is one of the best ways to directly support people in need, provide an economic boost to countries, and thereby quicken an international recovery.”

via Brookings Institution

What Do Past Shocks to Education Finance Tell Us About the Choices We’ll Face After COVID-19?

“We’ve heard the consistent refrain that the education sector needs to become more resilient to this and future crises, but we’ve heard much less about what that means in practice. Inevitably, it will require identifying tradeoffs and strategizing about how to deal with them in ways that support education outcomes, especially for students and families most likely to be affected.”

via Center for Global Development

Impacts of COVID-19 on food systems and poverty in Nigeria

“While food systems were exempt from most ‘lockdown’ policies, they were not immune to the effects of COVID-19. Protecting food supplies should be a priority alongside government efforts to address the health consequences of the pandemic.”

via Advances in Food Security and Sustainability

Coronavirus disease and migrant remittances

“The Economic Commission for Africa projects that remittance inflows to Africa could decline by 21 percent in 2020, implying $18 billion less will go to the people who rely on that money.”

via UNECA

African countries ‘ready to open our doors again to the world’

“All over Africa, encouraged by low or declining death and infection rates, countries are tentatively opening up in the hope of reviving pandemic-scarred economies. With significant variation from country to country, schools are reopening, curfews and travel restrictions are lifting, and markets are getting back to full capacity.”

via Financial Times

Eritrea’s deteriorating state

“Although the pandemic’s consequences had been fatal across the world, in extremely impoverished countries like Eritrea where the essential food items are rationed in stores run by the ruling party, the magnitude of the lockdown is immense. Eritrea’s elites who hold absolute power have already frozen the state in time for more than two decades.”

via Africa is a Country

How is COVID-19 Affecting Food Security in West Africa? An Interview with Dr. Mabouba Diagne

Dr. Mabouba Diagne of the ECOWAS Bank for Investment and Development talks to COVID-19 Africa Watch about the lessons of COVID-19 for improving food security in the West Africa region.

via COVID-19 Africa Watch