Hidden Bibliographic Details
| Other authors / contributors: | Barajas, Adolfo, author.
International Monetary Fund. Middle East and Central Asia Department, issuing body.
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| ISBN: | 128356467X
9781283564670
9781451962413
145196241X
9781451987225
1451987226
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| Notes: | Includes bibliographical references (page 12).
Print version record.
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| Summary: | Using data on the distribution of migrants from Africa, GDP growth forecasts for host countries, and after estimating remittance multipliers in recipient countries, this paper estimates the impact of the global economic crisis on African GDP via the remittance channel during 2009-2010. It forecasts remittance declines into African countries of between 3 and 14 percentage points, with migrants to Europe hardest hit while migrants within Africa relatively unaffected by the crisis. The estimated impact on GDP for relatively remittance-dependent countries is 2 percent for 2009, but will likely be short-lived, as host country income is projected to rise in 2010.
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| Other form: | Print version: Global financial crisis and workers' remittances to Africa. [Washington, D.C.] : International Monetary Fund, ©2010
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