Mr. Ralph Chami (Assistant Director, Institute for Capacity Development, IMF)
Mr. Connel Fullenkamp (Professor, Department of Economics, Duke University)
Officials involved in analysing and forecasting remittance and their effects on social and economic outcomes.
The COVID-19 pandemic is crippling the economies of rich and poor countries alike. For many low-income and fragile states, the loss of remittances—money sent home by migrant and guest workers employed in foreign countries—will exacerbate the shock. They represent a lifeline that supports households and a steady source of much-needed demand and tax revenue. As of 2018, remittance flows to fragile and vulnerable countries alone reached $350 billion, surpassing foreign direct investment, portfolio investment, and foreign aid as the single most important source of income from abroad. The webinar will discuss the risks and implications of a drop in remittances on economic, fiscal, and social outcomes in Asian countries. The session includes an interactive Q and A session with the speakers.
To register for this webinar please complete the online form here by October 13, 2020 (by 12 noon, Singapore time). Only official email addresses are accepted.