Not by land nor by sea: the rise of formal remittances during COVID-19

ACDE Seminar


Dr Lelys Dinarte


Other, please see description for details


Tuesday, 13 April, 2021 - 10:00 to 11:00

Despite record unemployment in remittance-sending economies, formal remittances to several developing countries grew since the beginning of the pandemic. Such an increase may reflect a shift from informal to formal channels, rather than an increase in total remittances. This is because the mobility constraints that prevented travelers from carrying cash across borders made electronic wire transfers the only option to remit.

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