The Impact of the COVID-19 Crisis on the Remittance of the Migrants Transfer of Funds in Central Africa

Elham Jafarzadeh, He Shaquan and Bambi Prince Dorian Rivel

International Journal of Economics and Finance, 2021, vol. 13, issue 8, 60

Abstract: The main objective of our work was to examine the impact of the COVID-19 crisis on the remittance of the migrants transfer of funds in Central Africa. The ordinary least squares (OLS) technique was used to carry out this work and was inspired by the empirical work of de la Brière et al (2002) who also use the OLS technique in his study. It emerges from our study after the empirical results obtained that, 65.5% of the sending of money of migrants living abroad to their respective families in Central Africa is due to the confinement measures observed in all countries of the world in the time of COVID-19 in 2020; in order to eradicate the COVID-19 virus, a measure resulting in the cessation of economic activities including the closure of exchange offices and money transfer agencies such as western union and money gram.

Date: 2021
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