UNICEF Social Inclusion, Policy and Budgeting

Sending Money Home to Africa: Remittance Markets, Enabling Environment and Prospects

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AUTHOR Manuel Orozco
ORGANIZATION International Fund for Agricultural Development
TYPE Thematic Report
DATE 2009
TOPIC Migration
LANGUAGE English
ABSTRACT

 African workers send home more than US$40 billion to the region each year but restrictive laws and costly fees hamper the power of remittances to lift people out of poverty, according to this new report by the UN’s rural poverty agency, the International Fund for Agricultural Development.  The report finds that simply by expanding the kinds of institutions able to conduct remittances services to include microfinance institutions and post offices, the number of payment points would more than double.


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