ADB: Governments should remain cautious despite strong remittances from migrant workers

Despite the sustained strength in remittances, economists at the Asian Development Bank said governments should remain on their toes as this may also signal that some migrants may soon opt to return home permanently due to various reasons and may thus be sending home all of their savings.

The bank noted, “There are reasons to remain cautious despite the seeming recovery of remittance inflows, and governments need to work together to help migrants get back to work.”

While deployment bans have been lifted in several countries, caps may remain on the number of professionals that may be sent overseas in an effort to prevent a drain on local talent amid the health crisis.

For instance, the prohibition on the deployment of Philippine health workers had been lifted in November but a deployment cap was put in place to ensure that there are enough medical professionals in the country as it grapples with the pandemic.

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