01870cas a2200277 a 4500 AALejournalIMF006251 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451962413 1018-5941 BD-DhAAL BD-DhAAL Chami, Ralph. The Global Financial Crisis and Workers' Remittances to Africa : What's the Damage? / Ralph Chami, Adolfo Barajas, Anjali Garg, Connel Fullenkamp. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Barajas, Adolfo. Fullenkamp, Connel. Garg, Anjali. IMF Working Papers; Working Paper ; No. 2010/024 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/024/001.2010.issue-024-en.xml IMF e-Library