Unemployment

Remittance flows to shrink 14% by 2021 due to COVID-19

Based on the trajectory of economic activities in many large, migrant‐hosting countries, especially the United States, European countries, and the Gulf Cooperation Council (GCC) countries, remittance flows to Low- and Middle-Income Countries are expected to register a decline of 7.2 percent to $508 billion in 2020, followed by a further decline of 7.5 percent to $470 billion in 2021.

Sierra Leone Gov’t recognizes Solidaridad’s role in socio-economic growth

Sierra Leone’s Minister of Agriculture, Joseph Ndanema, has acknowledged with optimism the role Solidaridad is playing through its contribution towards realizing the vision of President Julius Maada Bio to make agriculture the engine to drive the country’s socio-economic growth and development through commercialization and promotion of private investment in the sector.

Jobs and unemployment in emerging markets and developing countries two focal points of IMF messaging in Davos

IMF spokesperson Gerry Rice said on Thursday said that the IMF is releasing two staff papers based on recent research, ‘one of which will focus on the issue of jobs and unemployment, especially in emerging markets and developing countries, and especially focused on the issue of youth unemployment actually. So that’s going to be launched — that staff paper is going to be launched on January 23’.