The pandemic has not hindered migrant workers and overseas Filipinos from sending in remittances to their families in the Philippines. The year-on-year declines in March-May and August of 2020 were compensated by higher remittances in the succeeding months. Initial projections (ADB 2020, JICA/CEPR Press 2020) of 20%-32% reductions in 2020 did not materialize, with the actual decline recorded at only 0.8% based on Bangko Sentral ng Pilipinas data.
