This analysis offers a glimpse of the potential impact of the Coronavirus Disease 2019 (COVID-19) pandemic on US immigrants and family remittances. Past events involving worldwide crises can offer insight as to how this pandemic will likely affect remittance transfers. Considering migrants’ financial and health vulnerabilities as well as the forecast recession, a conservative estimate shows that remittances will register a -3 percent decline in 2020 relative to 2019, from $77 billion to $75 billion.
On March 19, the Inter-American Dialogue hosted a conference call with Alicia Bárcena and Santiago Levy. The discussion centered around the consequences of this pandemic for the global economy and the Latin American and Caribbean region in particular.
La pandemia causada por el Covid-19 está creando estragos y consecuencias económicas en todo el mundo. En 2020, se proyecta caída de -5 por ciento de las remesas en Nicaragua, recibiendo $75 millones menos, con una caída mayor del turismo, la economía caerá en -2 por ciento.
Manuel Orozco explica el impacto económico de la panedemia de Covid-19 para los migrantes latinoamericanos en Estados Unidos, sus familias que reciben remesas y para los países de la región. Su análisis se concentra en los impactos relacionados a la crisis de desempleo proyectada para el país.
On March 26, the Inter-American Dialogue hosted a conference call with Congresswoman Donna Shalala (D-FL, 27). The discussion centered around the spread of Covid-19 in Latin America & the Caribbean and how the United States can work with international partners to combat the pandemic.
The recent oil price collapse, combined with the economic contraction resulting from measures to fight the global Covid-19 pandemic, will have extensive and largely unforetold impacts for Latin American energy markets and beyond. These implications include cuts to investment and delays to ongoing projects in both oil & gas and renewable energy, fiscal and broader economic constraints, and legal disputes, said panelists during a webinar held on April 1.
On April 2, Manuel Orozco, Mariellen Jewers, Piero Coen and Gene Nigro discussed the economic and health consequences caused by Covid-19 to migrants and how it impacts Latin America and the Caribbean. Estimates show that remittances to LAC countries will register at a negative seven percent decline in 2020.
On April 9, the Inter-American Dialogue hosted What Role for China in LAC’s Covid-19 Recovery?, a conference call with Joyce Chang, Dialogue member and managing director and chair of Global Research at JP Morgan, and Oliver Stuenkel, associate professor of international relations at the Getulio Vargas Foundation (FGV) in São Paulo.
On April 7, the Education Program hosted a webinar to reflect about the legacy of José María Antón and discuss the digital educational opportunities during the Covid-19 crisis.
On April 9, members of the “Group of Women Leaders, Voices for Change and Inclusion” called on the United Nations Security Council (UNSC) to address the Covid-19 crisis in an electronically signed letter. Amongst the notable signatories are Dialogue members Christiana Figueres, Rebeca Grynspan, and Susana Malcorra.
Susana Malcorra, Christiana Figueres, Rebeca Grynspan
In what ways is Covid-19 affecting informal workers in the Americas, and which governments have implemented the best measures to protect informal sectors, both in terms of health care services and economic relief?
Santiago Levy, Betilde Muñoz-Pogossian, Sebastián Acha, Lauren M. Allen, Audriana Rodriguez, Charles T. Call
On April 16, Dialogue experts briefed key congressional staff in both the House and Senate on Covid-19 and its impact on Latin America and the Caribbean.
En esta entrevista con NTN24, Margaret Myers habló sobre el rol crucial de China en el combate del coronavirus en Latinoamérica, así como la “diplomacia de mascarillas” o “mask diplomacy” impulsada por este país.