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Migration and Development Brief

Migration and Development Brief 35

Recovery: COVID-19 Crisis through a Migration Lens Remittances to low- and middle-income countries are projected to have grown a strong 7.3 percent to reach $589 billion in 2021. This return to growth is more robust than earlier estimates and follows the resilience of flows in 2020 when remittances declined by only 1.7 percent despite a severe global recession due to COVID-19.
Date
November
2021
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Report Chapters and Remittance Inflows and Outflows Data

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  1. Robust Remittance Flows in 2021.
    1. A Resurgence in Flows
    2. Reasons for Recovery
    3. Top Remittance Source and Recipient Countries
    4. Outlook for 2022: Downside Risks
  2. Migration Trends
  3. Policy Issues
    1. Remittance Costs (SDG indicator 10.c.1)
    2. Digital Remittances and De-risking
  4. Regional Trends in Migration and Remittance Flows
    1. Remittances to East Asia and the Pacific Declined in 2021
    2. Remittances to Europe and Central Asia to Rebound in 2021
    3. Remittances to Latin America and the Caribbean Surged in 2021
    4. Remittances to the Middle East and North Africa Lifted by EU Rebound and Oil Prices
    5. Remittances to South Asia Advanced in 2021
    6. Remittances to Sub-Saharan Africa Regain Momentum

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