Sri Lanka, March 24 -- With the ongoing conflict in the Middle East (ME), Sri Lanka finds itself at a particularly vulnerable juncture as it carefully navigates a fragile economic recovery. Labour migration offers jobs to counteract the lack of opportunities within the economy. Related micro-level remittances prevent households from dipping back into poverty. Similarly, on a macro level, these remittances, of which about 50% come from ME countries, help build foreign reserves, stabilise the economy, and pay for much-needed imports. This blog unpacks someshort- to medium-termconsequences for migrant workers, highlighting what these attacks and related developments mean for the Sri Lankan economy.
Cancelled Flights and Migrant Departures
Sr...