The Remittance Market in India - 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 Remittance Market in India write by Gabi G. Afram. This book was released on 2012-01-09. The Remittance Market in India available in PDF, EPUB and Kindle. Millions of migrants worldwide send billions of dollars in remittances each year to their families or communities of origin. In many developing countries, remittances are an important source of family and national income and also are the largest source of external financing. Remittances are better targeted at the needs of the poor than foreign aid or foreign direct investment (FDI) as recipients often depend on remittances to cover daily living expenses, to provide a cushion against emergencies, or to make small investments in business or education. Therefore, international remittance services should be safe, efficient, and reliable. This can be achieved by increasing competition in the remittance industry, providing broader access to payment system infrastructure, enhancing transparency, and ensuring a sound and predictable legal and regulatory framework. With an estimated US$55 billion in remittance inflows in 2010, India is the world's foremost remittance destination. The size and potential impact of these inflows is large. Despite substantial progress over the past 15 years, the provision of accessible, efficient, and cost-effective remittance services in India could be improved. Remittances transfers often can be costly relative to the low incomes of remitters and the small amounts involved, especially in rural India, and are not accessible. Attempts to examine the remittance market in India have been limited. This policy note attempts to fill this gap by undertaking a broad, detailed investigation of the Indian remittance market and analyzing its characteristics based on the General Principles for International Remittance Services (GPs). It identifies some of the key actions and public policy measures for the improvement and future development of this market that would make it more contestable, transparent, accessible, and sound. Such actions and policy measures could assist financial institutions and policy makers in enhancing the safety and efficiency of, as well as lowering the costs of, remittance services in India.
The Remittance Market in India
The Remittance Market in India - 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 Remittance Market in India write by Gabi G. Afram. This book was released on 2012-01-09. The Remittance Market in India available in PDF, EPUB and Kindle. This book analyzes the remittance market in India and attempts to identify some of the key actions and public policy measures for the improvement and future development of this market.
General Principles for International Remittance Services
General Principles for International Remittance Services - 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 General Principles for International Remittance Services write by Group of Ten. Committee on Payment and Settlement Systems. This book was released on 2007. General Principles for International Remittance Services available in PDF, EPUB and Kindle.
Remittance Markets in Africa
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.
International Transactions in Remittances
International Transactions in Remittances - 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 International Transactions in Remittances write by Statistical Office of the European Communities. This book was released on 2009. International Transactions in Remittances available in PDF, EPUB and Kindle. "The International Transactions in Remittance: Guide for Compilers and Users (RCG)" presents concepts, definitions, and classifications related to remittances. It is consistent with the new standards for measuring balance of payments transactions, as contained in the sixth edition of the "Balance of Payments and International Investment Position Manual (BPM6)." These standards are used globally to compile comprehensive and comparable data. "The RCG" identifies the main remittances compilation methods currently being used by compilers and discusses in detail the strengths and weaknesses of each method. It is the first manual providing compilation guidance for remittances and is also the first compilation guide based on concepts set out in "BPM6." Although the "RCG" is primarily aimed at remittances data compilers, it may also be useful for users who wish to understand remittances data.
