23/02/2021
For many developing countries, reduced remittances and less foreign-direct investment are a double whammy | D+C - Developme…
data on remittances, in collaboration with national statistical o ces, central banks and selected
international organisations.
With better data on remittances and stronger international cooperation on remittance issues, the world
can come closer to meeting the goals of a smoother-functioning remittances transfer system. That should
help to preserve a lifeline that is needed in developing countries now more than ever.
Links
KNOMAD, 2020: Call to action – Remittances in crisis: how to keep them owing.
https://www.knomad.org/covid-19-remittances-call-to-action/
World Bank, 2020: Migration and Development Brief 33.
https://www.worldbank.org/en/topic/socialprotectionandjobs/publication/migration-and-developmentbrief-33
Dilip Ratha is the World Bank’s lead economist for migration and remittances and head of KNOMAD, a
global think tank on migration and development headquartered at the Bank. It is supported by the EU,
Germany and Switzerland, and it operates in collaboration with the IOM, the OECD and many UN
agencies.
dratha@worldbank.org
RECOMMENDED LINKS
KNOMAD, 2020: Call to action – Remittances in crisis: how to keep them owing
World Bank, 2020: Migration and Development Brief 33
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