Now reading: Is there a case for for-purpose remittances?

Our message during the COVID-19 outbreak

Alongside organisations from around the world, Cenfri is committed to play our part in preventing the spread of COVID-19. All our staff are working from home and we have suspended all travel for the moment. We are also actively looking for ways in which we can assist in limiting any unnecessary economic impacts on already vulnerable emerging economies and to apply our development efforts to build towards more resilient households and economies. We shall continue to work directly with partners and stakeholders to develop innovative and alternative ways to pursue our shared development objectives.

This is an extraordinary time in history as much of the world is focused on responding to a single challenge, and it is therefore an opportunity for us to learn from and support each other where possible. COVID-19’s direct and indirect impact on economic development will undoubtedly be significant. While our normal ways of work are challenged, we also need to double our development efforts. Cenfri will seek to use the tools at our disposal to contribute to managing the impact of the crisis on people, particularly those in developing countries. We are not slowing down, and we look forward to connecting with you during this time of innovation.

Look out for further communications from us as to how you can participate in conversations to better understand the implications of the virus on African economies and the ways in which leaders can best respond.
Research Themes

Our research explores the role of the financial sector and financial services in improving societal outcomes

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Our work spans a range of engagements – from discrete, bespoke projects to large, long-term programmes

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Latest insights
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The COVID-19 pandemic has exposed the vulnerability of people, and the financial and other systems that underpin much of our daily existence. Remittance recipients in Africa are likely to be particularly hard hit by both the immediate and longer-term effects of the pandemic. In 2018 alone, personal remittance flows to sub-Saharan Africa were worth approximately $84 billion [...]
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