The @WorldBank has been forecasting that #remittances will fall dramatically as a result of #COVID19. This excellent podcast sets out the evidence to date and explores the reasons why forecasts might be wrong... https://twitter.com/theindicator/status/1320049917239324672
A few articles from #African countries illustrate.

Take #Kenya, remittances are up from 2019 levels: https://www.standardmedia.co.ke/amp/business-news/article/2001391521/diaspora-remittances-for-september-rise-214-per-cent?__twitter_impression=true
Diaspora remittances for September rise 21.4 per cent

The US remains the largest source of remittance inflows, recording a growth of 25.2 per cent in the year to September.

https://www.standardmedia.co.ke/amp/business-news/article/2001391521/diaspora-remittances-for-september-rise-214-per-cent?__twitter_impression=true
#Ghana - remittances were "surprisingly" up by 9.5% compared to 2019: https://citibusinessnews.com/remittances-into-ghana-shoot-up-despite-impact-of-covid-19-on-jobs-abroad/
Remittances into Ghana shoot up despite impact of COVID-19 on jobs abroad

Data from the Bank of Ghana made available to Citi Business News shows that the flow of remittances into the

https://citibusinessnews.com/remittances-into-ghana-shoot-up-despite-impact-of-covid-19-on-jobs-abroad/
#Zimbabwe - flows from the Diaspora have not fallen since #COVID19 - suggestions of a 33% increase compared to 2019 so far...
http://www.xinhuanet.com/english/2020-08/21/c_139308157.htm
#Egypt - Central bank reports a "surprising" rise of 7% year on year in first half of 2020, they'd been expecting a 10-20% decline based on @WorldBank predictions. https://www.zawya.com/mena/en/story/Egypt_sees_unexpected_rise_in_remittances_despite_COVID19_Will_it_last-ZAWYA20201022043758/
Egypt sees unexpected rise in remittances despite COVID-19. Will it last?

Experts warn that the resilience shown by Egypt's remittances may prove deceptive at the turn of the year

https://www.zawya.com/mena/en/story/Egypt_sees_unexpected_rise_in_remittances_despite_COVID19_Will_it_last-ZAWYA20201022043758/
This is not a comprehensive picture - data from other African banks is needed. But it does raise an issue... Perhaps the @WorldBank dire forecasts on #Africa's #COVID19 response & related topics are too generic? #Africa needs better, bespoke analysis to frame #globaldev policies
You can follow @hmryder.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:
Those who think consciousness raising & movement building are disconnected, or even a distraction from electoral politics have not paid attention to the history of social change.In this thread, we
Read more
The 2020s will be known as the Remote Work decadeA few predictions of what is likely to emerge[ a thread ] Third Space: Office and Working from Home will
Read more
1/29: Have you ever had a concept explained to you that helps frame complex issues you’ve been wrestling with and opens your eyes to new possibilities? A concept that I
Read more
By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.