Remittances of Egyptian Migrants in the context of sustainable development goals and COVID-19 Crisis: Challenges and Opportunities
64th ISI World Statistics Congress - Ottawa, Canada
Format: CPS Paper
Keywords: migrant worker
Session: CPS 46 - Impact of covid II
Tuesday 18 July 4 p.m. - 5:25 a.m. (Canada/Eastern)
In September 2015. The United Nations launched the sustainable development goals (SDGs). Egypt was one of the 193 countries that adopted the SDGs and ratified the related agreements, and starting from 1 January 2016, the 2030 Agenda for Sustainable Development that included the 17 Goals, 169targets,and 231indicators. Unlike the Millennium Development Goals (MDGs), the Sustainable Development Goals (SDGs) framework- especially goal 10-explicitly recognizes the role of international migration in the context of achieving a more just and equitable world; also we can conclude that international migration and remittances have implications for achieving a range of goals such as SDG 1, no poverty; SDG 2 Zero Hunger; SDG 3 Health and Well-Being; SDG 4 Education; or SDG 8 Decent work and economic development. Remittances in its simplest definitions are money sent back home by migrants, typically representing a share of their earnings in the host country, and this remittances is sourced from balance of payments statistics (which record financial transactions between a country and the rest of the world); so remittances has been considered an important and growing source of foreign funds for several developing countries and achieving the Sustainable Development; So SDG 10.c target commits, by 2030, to reduce to less than 3 percent the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than 5 percent;and by achieving that, remittance families would save an additional US$20 billion annually. Therefore, when the Corona pandemic spread in the world in late 2019, remittances were affected; and Several World Bank reports indicated that COVID-19 not only affected remittances in terms of volume, but could also have an impact on the costs of remitting money along different corridors, which were already significantly different. Moreover, some of the largest remittance-sending countries - such as United States, Switzerland, Germany, France and Italy - are trapped by the COVID-19 pandemic, and service sector jobs have been hit hard from the outset by the health crisis. Migrants working in hotels, restaurants and salons have lost their jobs. Based on the above; this paper aims to discuss The Efforts Exerted by NSO in Egypt to Monitor Migration and the current situation for remittances of Egyptian migrants in the context of SDGs and the COVID-19 crisis, The size of the flows of Egyptian migrants abroad ,The volume of remittances as a percentage of GDP, The countries most receiving remittances in sub-Saharan Africa, the Middle East and North Africa also at the level globally Focusing on Egypt also the current situation of migration indicators in the context of monitoring Egypt's SDGs, to determine challenges and opportunities.
Key words: leave no one behind; migration; transfer Money; channels of transaction; Corona pandemic.