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Video May 12, 2021

What Role Are Remittances Playing in the COVID-19 Response and Recovery? | World Bank Expert Answers

On the latest edition of Expert Answers, World Bank Lead Economist for Migration and Remittances Dilip Ratha shares his latest research on these “lifeline” financial flows – the money that migrants send back to family and friends in their home countries. He tells host Paul Blake about the role that these transfers are playing in the COVID-19 response and recovery, and why they did not decline nearly as much as many feared during the pandemic.


00:00 Introducing Dilip Ratha, World Bank Lead Economist for Migration and Remittances
01:00 The role of remittances in the COVID-19 response around the world
02:11 How COVID-19 has impacted remittance payments?
04:28 What role did government policy play in propping-up remittance flows?
05:30 How could the path of the pandemic affect the trajectory of remittances?
07:02 Shift from informal to formal channels of money transfer
09:36 Thanks Dilip Ratha for sharing your expertise!

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Every episode of Expert Answers sits you down with a World Bank specialist: an expert answers with expert answers. From debt relief to gender equality. From COVID-19 response to inclusive growth, and much more. Our goal is to help you understand some of the biggest issues in international development today by asking our colleagues about what works on the ground and what we can do to meet the biggest global challenges. Watch previous episodes of Expert Answers!