Remittance Markets in Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Remittance Markets in Africa write by Sanket Mohapatra. This book was released on 2011-01-01. Remittance Markets in Africa available in PDF, EPUB and Kindle. Remittances sent by African migrants have become an important source of external finance for countries in the Sub-Saharan African region. In many African countries, these flows are larger than foreign direct investment and portfolio debt and equity flows. In some cases, they are similar in size to official aid from multilateral and bilateral donors. Remittance markets in Africa, however, remain less developed than other regions. The share of informal or unrecorded remittances is among the highest for Sub-Saharan African countries. Remittance costs tend to be significantly higher in Africa both for sending remittances from outside the region and for within-Africa (South-South) remittance corridors. At the same time, the remittance landscape in Africa is rapidly changing with the introduction of new remittance technologies, in particular mobile money transfers and branchless banking. This book presents findings of surveys of remittance service providers conducted in eight Sub-Saharan African countries and in three key destination countries. It looks at issues relating to costs, competition, innovation and regulation, and discusses policy options for leveraging remittances for development in Africa.
Leveraging Migration for Africa
Leveraging Migration for Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Leveraging Migration for Africa write by Dilip Ratha. This book was released on 2011-04-26. Leveraging Migration for Africa available in PDF, EPUB and Kindle. A joint effort led by the African Development Bank and the World Bank, 'Leveraging Migration for Africa' is the first comprehensive publication on harnessing migration, remittances, and other diaspora resources for the development of Africa. It comes at a time when countries in Africa and elsewhere are grappling with difficult choices on how to manage migration. Policy makers can help leverage the contributions of migrants to the development of Africa, reduce remittance costs, improve the efficiency of remittance markets in both origin and destination countries, and address the needs of the origin countries without restricting the emigration of high-skilled professionals. Innovative financing mechanisms such as issuance of diaspora bonds and securitization of future remittance flows can help finance big-ticket projects, such as railways, roads, power plants, and institutions of higher learning that will, step by step, help to transform Africa. This volume contributes to a greater understanding of migration and its potential role in Africas development.
- read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook write by Isaku Endo. This book was released on 2010-11-11. available in PDF, EPUB and Kindle. This report, Remittance Corridors to Uganda: United Kingdom, United States, and South Africa, analyzes and compares three bilateral remittance corridors. The comparison highlights similarities and differences and the significance of the remittance-sending countries to Uganda in terms of volume, corridor formality, risks, and vulnerability to money laundering. It also describes Uganda as a remittance-receiving country and outlines the remittance flows, market players, distribution network, access and usage of remittance, regulatory framework, and measures taken toward anti-money laundering and combating financing of terrorism (AML/CFT). The issues and challenges faced by Uganda are identified and policy recommendations are made for both Uganda and remittance-sending countries.
Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa
Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa write by Kyung-woo Lee. This book was released on 2009-10-01. Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa available in PDF, EPUB and Kindle. The paper investigates the determinants and the macroeconomic role of remittances in sub-Saharan Africa, assembling the most comprehensive dataset available so far on remittances in the region and incorporating data on the diaspora. It finds that remittances are larger for countries with a larger diaspora or when the diaspora is located in wealthier countries, and that they behave countercyclically, consistent with a role as a shock absorber. Although the effect of remittances in growth regressions is negative, countries with well functioning domestic institutions seem nevertheless to be better at unlocking the potential for remittances to contribute to faster economic growth.
The Global Financial Crisis and Workers' Remittances to Africa
The Global Financial Crisis and Workers' Remittances to Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Global Financial Crisis and Workers' Remittances to Africa write by Mr.Ralph Chami. This book was released on 2010-01-01. The Global Financial Crisis and Workers' Remittances to Africa available in PDF, EPUB and Kindle. Using data on the distribution of migrants from Africa, GDP growth forecasts for host countries, and after estimating remittance multipliers in recipient countries, this paper estimates the impact of the global economic crisis on African GDP via the remittance channel during 2009-2010. It forecasts remittance declines into African countries of between 3 and 14 percentage points, with migrants to Europe hardest hit while migrants within Africa relatively unaffected by the crisis. The estimated impact on GDP for relatively remittance-dependent countries is 2 percent for 2009, but will likely be short-lived, as host country income is projected to rise in 2010.
