Despite the Covid-19 pandemic in 2020, remittances from migrants to low- and middle-income countries, all regions combined, fell only 1.6% from 2019, to $ 540 billion in 2020. ” This decline is less marked than during the financial crisis of 2009, when the drop in remittances had reached 4.8% “, according to the report of the Global Knowledge Partnership on Migration and Development ((Knomad) published last Wednesday, “Resilience COVID-19 Crisis Through a Migration Lens Migration and Development, Brief 34.” Recall that Knomad is an initiative coordinated by the world bank.
