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How Sri Lankan remittances are defying COVID-19

28 January 2021
Author: Bilesha Weeraratne, Institute of Policy Studies of Sri Lanka
International migrants have historically been a driving force of the Sri Lankan economy and during the COVID-19 pandemic their remittances have helped boost the country’s foreign exchange earnings.
In 2019 over 200,000 Sri Lankans left for foreign employment. 85 per cent headed to the Middle East. The pandemic caused worker migration to decrease by 56 per cent in the first half of 2020 compared to 2019. By October 2020 over 54,000 Sri Lankans were repatriated, including nearly 18,000 migrant workers from the Middle East. Another 43,000 are waiting to be repatriated. Such high returns are due to job losses, wage cuts and other negative employment outcomes surrounding the pandemic. ....

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