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25% drop in money sent to Africa by the diaspora in France, according to a study

2020-12-18T10:02:10.559Z

The funds transferred to Africa by the diaspora in France have fallen by 25% this year, due to the weakening of migrant workers due to the health crisis, reveals a study published on the occasion of International Migrants Day on Friday. Read also: Why LREM MP Sira Sylla wants to facilitate money transfers to Africa " In 2020, the volume of money transfers from diasporas fell despite a greater ef



The funds transferred to Africa by the diaspora in France have fallen by 25% this year, due to the weakening of migrant workers due to the health crisis, reveals a study published on the occasion of International Migrants Day on Friday.

Read also: Why LREM MP Sira Sylla wants to facilitate money transfers to Africa

"

In 2020, the volume of money transfers from diasporas fell despite a greater effort made by a third of the senders

", underlines this Ipsos / RMDA survey carried out from July 23 to August 7, funded by the French Development Agency (AFD) and the Ministry for Europe and Foreign Affairs.

The results show a drop of almost 25%, although in the first half of the year 80% of regular senders continued to transfer funds, sending an average of more than 1,300 euros per year.

"

The health situation has thus accentuated the fragility of some of these workers, caught between the drop in their income and the strong demands of the family in the country

", we told AFD.

Diaspora remittances, she continues, represent "

essential sources of income for many countries in Africa

", such as Senegal where they represent 12.8% of GDP.

These amounts are also higher than official development aid, even when informal transfers, which are also substantial, are not taken into account.

"

The results of these studies confirm the trend outlined by a World Bank report published at the end of April, which estimated that remittances to poor countries would fall by 20% this year under the effect of the pandemic.

According to the World Bank, these sums, which can represent up to a third of the economy of some poor countries, should stand at 445 billion dollars in 2020 against 554 billion in 2019.

This fall, the largest in recent history, is "

largely due to a decline in the income and employment of migrant workers, who tend to be more vulnerable (...) during an economic crisis in a host country

”, explained the institution.

The IPSOS / RMDA survey was carried out with 500 people "

from African diasporas in France, at least 75% of whom sent money, in particular to sub-Saharan Africa

".

Source: lefigaro

All business articles on 2020-12-18

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