This compilation is brought to you by the Financing Facility for Remittances (FFR) of the International Fund for Agricultural Development (IFAD)
 
 
Issue 7 - 30 October 2020
 
The impact of the COVID-19 crisis on remittance families and markets:
Must-read articles and events 
 
As lockdowns return in Europe and many countries face second waves of contagion, the Remittance Community Task Force (RCTF) keeps monitoring the online news coverage to understand how remittance families and markets are coping with the increasingly alarming situation across the world.

If you would like to contribute to the Must-read, please share your suggestions via email to: remittancesTF19@ifad.org
 
 
REMITTANCE FAMILIES AND DIASPORAS
 
Global poor hit as COVID-19 causes drop in remittances
By Deustche Welle
Article
 
Migration and Development Brief 33: Updates on global trends in migration and remittances
New estimates from the World Bank indicate that remittance flows to low and middle‐income countries (LMICs) are projected to decline by 7.2 percent in 2020, followed by a further decline of 7.5 percent in 2021
By Knomad / World Bank
 
COVID-19 and migrant remittances: Supporting this essential lifeline under threat
By Brookings
 
The importance of migrants' remittances in a time of crisis
By the Parliamentary Assembly of the Council of Europe’s Migration Committee 
 
Immigrants are still sending lots of money home despite the coronavirus job losses – for now
By The Conversation
Article
 
 
REMITTANCE MARKET INSIGHT
 
FSB delivers a roadmap to enhance cross-border payments
By the Financial Stability Board
 
Digitalising the route of remittances will help Africa’s recovery
By Business Live
 
Building the infrastructure for digital finance during COVID-19 and beyond
By Development Asia
 
African money transfer firms thrive as pandemic spurs online remittances
By Reuters 
 
COVID-19 pandemic encourages contactless and digitalization trends in the postal service industry
By The Business Search Company
 
COUNTRY NEWS
 
Bangladesh: Remittance inflow soaring fast
By The Bangladesh Post 
 
Cuba: Government announces closure of Western Union offices and suspension of remittances
By The Miami Herald
Mexico: Yearbook of Migration and Remittances Mexico 2020
By BBVA 
 
Nepal: Remittance flow defies expectations to record a strong 8 percent growth
By The Kathmandu Post 
 
Nepal: CMIR Weekly Newsletter 
By The Center for Migration and International Relations
 
Italy: Central bank releases data on foreign's workers remittances for 2020's 2Q
By Banca d'Italia
 
EVENTS
 
Webinar: Impact of COVID-19 on remittances: The next chapter?
Nov 5, 2020 02:00 PM in Copenhagen
By IAMTN
 
 
 
IFAD/FFR is not responsible for the accuracy of content presented in the articles shared.
 
 
Financing Facility for Remittances
International Fund for Agricultural Development (IFAD)
Via Paolo Di Dono 44, 00142 Rome (Italy)
remittances@ifad.org
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