
About James Villafuerte
James P. Villafuerte is a senior economist in the Economic Research and Regional Cooperation Department of the Asian Development Bank.COVID-19 hitting migration and remittances hard in developing Asia
By Aiko Kikkawa Takenaka, James Villafuerte, Raymond Gaspar and Badri Narayanan. Posted August 25, 2020

The coronavirus disease (COVID-19) pandemic has devastated economies worldwide, slashing jobs and incomes. The Asian Development Bank (ADB) (2020a) estimates that employment in Asia and the Pacific will fall by as much as 167 million jobs in 2020 should containment measures last 6 months from when the outbreak first intensified in the respective countries. In turn, wage incomes in the region are projected to fall from $359 billion to $550 billion.
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Subjects
- Agriculture and natural resources
- Capacity development
- Climate change
- Economics
- Education
- Energy
- Environment
- Finance sector development
- Gender
- Governance and public sector management
- Health
- Industry and trade
- Information and Communications Technology
- Infrastructure
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- Population
- Poverty
- Private sector development
- Regional cooperation and integration
- Sanitation
- Social development and protection
- Transport
- Urban development
- Video Blog
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Recent Posts
- Achieving resilient emerging market economies amid the macroeconomic challenges of the 21st century
- Fintech development transforming the financial landscape in the People’s Republic of China
- Repurposing food waste: A circular economy approach for the food system
- Digital transformation poses potential risks for stability and the financial industry
- Making citywide inclusive sanitation a reality through capacity development
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