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Migrant Workers and Remittances in the Time of Pandemic

The COVID-19 pandemic and the corresponding economic recession put job security and well-being of over 91 million international migrants from Asia and the Pacific at risk. Official data show international remittances to developing Asian economies have plummeted in recent months. A substantial number of households in developing Asia—who depends on international remittances— could fall into poverty; particularly in the Pacific and Central/West Asia economies where dependency rates on remittance inflows are high. This webinar will examine the impact of pandemic on labor mobility, including a forecast of the COVID-19 impact on remittance inflows for this year. It will also explore policy options to safeguard migrants and the remittance recipient households.