Assessing the Impact of COVID-19 on Myanmar’s Economy and the Impact of Falling Remittances on Poverty

COVID 19 and the mitigation policies imposed to control the spread of the disease have resulted in unexpected shocks to Myanmar’s economy. When industries and businesses must suspend operations, such policies have the potential to create catastrophic direct impacts on economic sectors. Additionally, COVID-19 pandemic impacts the remittances that Myanmar households receive from domestic and international migrant workers. An in-depth assessment of these impacts is key to the design of policy interventions that can mitigate economic loss and support a sustained and robust recovery.

This virtual policy seminar will analyze the situation, focusing on the anticipated impact of COVID-19 on Myanmar’s economy and the impact of falling remittances on poverty. The speaker will also highlight actions crucial for Myanmar’s economic recovery and the support of remittance-receiving households

The underlying work for this presentation was conducted by the Myanmar Agriculture Policy Support Activity (MAPSA) funded by the United States Agency for International Development (USAID) and the CGIAR Research Program on Policies, Institutions, and Markets (PIM).