ONE and ECA Report on Remittances urge governments to help preserving this Lifeline for Africa hindered by the COVID-19
Author(s)/Corporate Author (s)United Nations. Economic Commission for Africa.;
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The anti-poverty organization ONE and the United Nations Economic Commission for Africa (ECA), launched a new report titled, preserving remittances in the time of COVID-19, highlighting the severe impact which the global Covid-19 pandemic has had on remittance inflows to Africa, mainly due to the situation of migrants in the countries mostly affected. The report notes that remittances have steadily increased over the past few decades and have become the main financial inflow in developing countries, surpassing foreign aid, private capital flows and foreign direct investment.