Remittance of migrant workers declined Impact on impacts in developing countries World Bank April 24 11:01
The World Bank revealed that due to the spread of the new coronavirus, the remittance of migrant workers to their home countries will be reduced by about 20% compared to last year, and the impact of such remittance on developing countries will be reduced. I am concerned.
The World Bank released a report on the amount repatriated by migrant workers to their home countries on the 22nd, and this remittance amount is expected to decrease by 19.7%, or 109 billion dollars, compared to last year Did.
He points out that migrant workers are easily affected by their salaries being lowered or being dismissed because the spread of the new coronavirus has had a major impact on employment in each country.
By region, the rate of decrease in remittance is
▼ 28% in Europe and Central Asia,
▼ 22% in South Asia,
▼ 19.6% in the Middle East and North Africa,
▼ 19.3% in Central and South America and the Caribbean,
▼ East Asia・ It is expected to be 13% in the Pacific region.
According to the World Bank, migrant workers' remittances to their home countries reached a record high of about 60 trillion yen last year, and in developing countries poverty alleviation, improved nutrition, improved education levels and reduced child labor. It is connected to.
The World Bank urges each country to respond, saying that "it is essential for both developed and developing countries to have a system in place that supports the poor and vulnerable."