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COVID-19: The impacts of the global crises on African remittances and countries response to this an extreme crisis
Cogent Economics & Finance ( IF 2.0 ) Pub Date : 2021-07-13 , DOI: 10.1080/23322039.2021.1948665
Andualem Kassegn 1
Affiliation  

Abstract

As the COVID-19 pandemic continues to afflict much of the global economy, the flow of African remittances is likely to suffer substantially. Therefore, the aim of this review were to assess and complied the possible impacts of the COVID-19 pandemic on African remittances and highlights the key responses undertaken in the continent, which could be useful and provided necessary information on the ongoing COVID-19 pandemics in the continent. To achieve these objectives, in this review, all relevant information were collected through different search engines of PubMed/PMC/Medline, Web of Science, Google Scholar, Scopus, Google, and Science Direct databases. In addition, media news, reports relevant to the topic from local and national governments and international organizations were used. This review revealed that the COVID-19 pandemic is inevitably affecting remittance-dependent African countries through devastating impacts on the global economy in the destination countries, and restrictions on travel and high cost of sending remittances to their home country.As aresult, remittances to Africa are expected to decrease significantly by around 8.8% between 2019 and 2020, from $48 billion to $44 billion. Hence, this review draws practical lessons for African countries to tackle the impacts of COVID-19 pandemic on African remittance inflows. It argues that governments need to design and undertaken comprehensive relief measures, monetary and fiscal policy recovery policies to address problems related to the falling of remittances towards Africa due to the pandemic. Therefore, flexible country level and region-wide collaborative efforts should be made to mitigate the expected decline of remittance inflows to African due to the COVID-19 pandemic.



中文翻译:

COVID-19:全球危机对非洲汇款的影响以及各国应对这一极端危机的措施

摘要

随着 COVID-19 大流行继续影响全球经济的大部分地区,非洲汇款的流动可能会受到严重影响。因此,本次审查的目的是评估和整理 COVID-19 大流行对非洲汇款的可能影响,并重点介绍非洲大陆采取的关键应对措施,这些应对措施可能有用并提供有关非洲持续发生的 COVID-19 大流行的必要信息。大陆。为了实现这些目标,在本次审查中,所有相关信息都是通过 PubMed/PMC/Medline、Web of Science、Google Scholar、Scopus、Google 和 Science Direct 数据库的不同搜索引擎收集的。此外,还使用了媒体新闻、地方和国家政府以及国际组织与该主题相关的报道。本次审查表明,COVID-19 大流行不可避免地影响了依赖汇款的非洲国家,因为它对目的地国的全球经济造成了毁灭性的影响,并限制了旅行以及向本国汇款的高成本。因此,汇款到非洲预计在 2019 年至 2020 年期间将大幅减少约 8.8%,从 480 亿美元降至 440 亿美元。因此,本次审查为非洲国家解决 COVID-19 大流行对非洲汇款流入的影响吸取了实际经验教训。它认为,各国政府需要设计并采取全面的救济措施、货币和财政政策复苏政策,以解决与大流行导致非洲汇款下降相关的问题。所以,

更新日期:2021-07-13
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