The pandemic is crippling economies across the globe but for many countries, the economic shock will be magnified by the loss of remittances—money sent home by migrant and guest workers employed in foreign countries.

Fragility / Migrant labor

Ralph Chami: Umbilical Cord of Remittances Under Threat

RALPH CHAMI

May 29, 2020

iStock by Getty Images/ ChuckSchugPhotography

In This Episode

The pandemic is crippling economies across the globe but for many countries, the economic shock will be magnified by the loss of remittances—money sent home by migrant and guest workers employed in foreign countries. Ralph Chami is an Assistant Director for the Institute for Capacity Development at the IMF. In this podcast, he says remittances are a lifeline for low-income and fragile states and when migrants lose their jobs those remittance flows stop. Chami says it's in everyone's interest for host countries to help support migrant workers through the pandemic.

Chami and IMF Deputy Managing Director Antoinette Sayeh co-authored  Lifelines in Danger  published in the June 2020 issue of Finance and Development Magazine.

RALPH CHAMI is an assistant director in the IMF’s Institute for Capacity Development.

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Bruce Edwards

International Monetary Fund

Bruce Edwards produces the IMF podcast program. He's an award-winning audio producer and journalist who's covered armed conflicts, social unrest, and natural disasters from all corners of the world. He believes economists have an important role in solving the world's problems and aspires to showcase their research in every IMF podcast.

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Rhoda Metcalfe is an independent journalist and audio producer. Her reporting on the armed conflict in Colombia in the late 90s, as well as her work in Egypt, Turkey and South Africa has won several awards. She now produces podcasts and radio features from Washington DC and is a regular contributor to the IMF Podcast program.