Expert Answers Update: Remittances to Fall 14% Amid COVID-19

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you-tube

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mJBG5RYHW80

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Remittances to Fall 14% Amid COVID-19. What could happen next? Expert Answers Update

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As COVID-19 continues to batter economies around the globe, the flow of money from migrant workers in developed countries to friends and family in developing countries is projected to drop by 14 percent by 2021, according to newly released figures from the World Bank. With fears growing around the globe of a “second wave” of infections and associated economic impacts, a curtailed flow of migrant remittances could significantly impact the education, health, and food security of millions in the developing world. In a special update for #WorldBankExpertAnswers, World Bank Lead Economist for Migration and Remittances Dilip Ratha shares the latest research on what has happened to remittances during the pandemic and what he projects could happen next. Learn more: https://www.worldbank.org/en/news/press-release/2020/10/29/covid-19-remittance-flows-to-shrink-14-by-2021 About Expert Answers: http://wrld.bg/MVHW50E0KKF ABOUT THE WORLD BANK GROUP 🌐 The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org FOLLOW US ► ► ► YouTube: http://wrld.bg/x4SB50x47Lu Facebook: http://www.facebook.com/worldbank Twitter: http://www.twitter.com/worldbank Instagram: http://www.instagram.com/worldbank LinkedIn: https://www.linkedin.com/company/the-world-bank/ Events: http://live.worldbank.org Immersive Stories: https://www.worldbank.org/en/who-we-are/news/biggerpicture Newsletter: https://www.worldbank.org/en/newsletter-subscription

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As COVID-19 continues to batter economies around the globe, the flow of money from migrant workers in developed countries to friends and family in developing countries is projected to drop by 14 percent by 2021, according to newly released figures from the World Bank. With fears growing around the globe of a “second wave” of infections and associated economic impacts, a curtailed flow of migrant remittances could significantly impact the education, health, and food security of millions in the developing world. In a special update for #WorldBankExpertAnswers, World Bank Lead Economist for Migration and Remittances Dilip Ratha shares the latest research on what has happened to remittances during the pandemic and what he projects could happen next. Learn more: https://www.worldbank.org/en/news/press-release/2020/10/29/covid-19-remittance-flows-to-shrink-14-by-2021 About Expert Answers: http://wrld.bg/MVHW50E0KKF ABOUT THE WORLD BANK GROUP 🌐 The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org FOLLOW US ► ► ► YouTube: http://wrld.bg/x4SB50x47Lu Facebook: http://www.facebook.com/worldbank Twitter: http://www.twitter.com/worldbank Instagram: http://www.instagram.com/worldbank LinkedIn: https://www.linkedin.com/company/the-world-bank/ Events: http://live.worldbank.org Immersive Stories: https://www.worldbank.org/en/who-we-are/news/biggerpicture Newsletter: https://www.worldbank.org/en/newsletter-subscription

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yes

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395

lastUploadedDate

2020-10-29T16:03:32Z