Remittance Markets In Africa

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Remittance Markets in Africa

Sanket Mohapatra,Dilip Ratha
Remittance Markets in Africa Book PDF

Author : Sanket Mohapatra,Dilip Ratha
Publisher : World Bank Publications
Page : 380 pages
File Size : 44,8 Mb
Release : 2011-01-01
Category : Social Science
ISBN : 9780821385531

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Remittance Markets in Africa by Sanket Mohapatra,Dilip Ratha Pdf

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

Dilip Ratha
Leveraging Migration for Africa Book PDF

Author : Dilip Ratha
Publisher : World Bank Publications
Page : 237 pages
File Size : 54,6 Mb
Release : 2011-04-26
Category : Social Science
ISBN : 9780821382578

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Leveraging Migration for Africa by Dilip Ratha Pdf

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 Africa’s development.

Uganda's Remittance Corridors from United Kingdom, United States, and South Africa

Isaku Endo,Jane Namaaji,Anoma Kulathunga
Uganda s Remittance Corridors from United Kingdom United States and South Africa Book PDF

Author : Isaku Endo,Jane Namaaji,Anoma Kulathunga
Publisher : World Bank Publications
Page : 112 pages
File Size : 53,9 Mb
Release : 2011
Category : Electronic books
ISBN : MINN:31951D03160472J

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Uganda's Remittance Corridors from United Kingdom, United States, and South Africa by Isaku Endo,Jane Namaaji,Anoma Kulathunga Pdf

This report uniquely presents a comparative analysis of three remittance corridors to Uganda from the United Kingdom, the United States, and South Africa.

The Effect of International Remittances on Economic Growth in Sub-Saharan Africa

Gashaw Atilaw
The Effect of International Remittances on Economic Growth in Sub Saharan Africa Book PDF

Author : Gashaw Atilaw
Publisher : GRIN Verlag
Page : 81 pages
File Size : 44,8 Mb
Release : 2022-09-05
Category : Business & Economics
ISBN : 9783346715050

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The Effect of International Remittances on Economic Growth in Sub-Saharan Africa by Gashaw Atilaw Pdf

Master's Thesis from the year 2021 in the subject Economics - Economic Cycle and Growth, grade: 3.75 (good), Ethiopian Civil Service University, language: English, abstract: This paper is about the effect of international remittances of economic growth in sub-Saharan Africa. For many developing economies, remittances constitute the single largest source of foreign exchange, exceeding export revenues, foreign direct investment (FDI), and other private capital inflows. This study aims to examine the effect of international remittances on economic growth in SSA countries using a panel data approach. The System Generalized Method of Moments was used as the main model of analysis. The sample consists of 29 SSA countries for the period 2004-2019. The study findings show that international remittance has a positive and significant effect on economic growth in SSA. The study recommends that SSA countries should be designing policies and strategies that facilitate less costly and hassle-free flow of remittances into national development. There is a need to have well-established institutional frameworks to train, support, and ensure the welfare of emigrants abroad by the provision of information or services to assist migrant welfare and promote remittances and investment in the home country.

Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa

Kyung-woo Lee,Mr.Markus Haacker,Mr.Raju Jan Singh
Determinants and Macroeconomic Impact of Remittances in Sub Saharan Africa Book PDF

Author : Kyung-woo Lee,Mr.Markus Haacker,Mr.Raju Jan Singh
Publisher : International Monetary Fund
Page : 28 pages
File Size : 53,6 Mb
Release : 2009-10-01
Category : Business & Economics
ISBN : 9781451873634

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Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa by Kyung-woo Lee,Mr.Markus Haacker,Mr.Raju Jan Singh Pdf

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.

Africa's Finances

Raj Bardouille,Muna Ndulo,Margaret Grieco
Africa s Finances Book PDF

Author : Raj Bardouille,Muna Ndulo,Margaret Grieco
Publisher : Cambridge Scholars Publishing
Page : 356 pages
File Size : 54,8 Mb
Release : 2008
Category : Africa
ISBN : UOM:39015079356823

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Africa's Finances by Raj Bardouille,Muna Ndulo,Margaret Grieco Pdf

Globally, the volume of remittances to developing countries exceeds the development aid budgets. This volume explores the contribution of remittances to Africaâ (TM)s finances and provides concrete guidelines as to how these may be expanded. It contains essays by the field leaders in this area which record, review and revise our knowledge base on Africaâ (TM)s remittance patterns. The advent of new information communication technologies can contribute to an expanded capture of remittances from the African diaspora and in Africa new forms of money transfer are already taking shape which reflect this affordance. The volume also examines other resources, such as skills, that the African diaspora remits in its patterns of contact with Africa. The volume, shaped out of a conference on remittances and the African diaspora held at the Institute for African Development at Cornell University, is a timely reminder of the substantial role to be played in Africaâ (TM)s development by Africans themselves.

The Global Financial Crisis and Workers' Remittances to Africa

Mr.Ralph Chami,Mr.Adolfo Barajas,Anjali Garg,Connel Fullenkamp
The Global Financial Crisis and Workers Remittances to Africa Book PDF

Author : Mr.Ralph Chami,Mr.Adolfo Barajas,Anjali Garg,Connel Fullenkamp
Publisher : International Monetary Fund
Page : 23 pages
File Size : 53,5 Mb
Release : 2010-01-01
Category : Business & Economics
ISBN : 9781451962413

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The Global Financial Crisis and Workers' Remittances to Africa by Mr.Ralph Chami,Mr.Adolfo Barajas,Anjali Garg,Connel Fullenkamp Pdf

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.

Migration, Remittances, and Sustainable Development in Africa

Maty Konte,Linguère Mously Mbaye
Migration Remittances and Sustainable Development in Africa Book PDF

Author : Maty Konte,Linguère Mously Mbaye
Publisher : Routledge
Page : 329 pages
File Size : 45,6 Mb
Release : 2020-11-26
Category : Business & Economics
ISBN : 9781000259650

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Migration, Remittances, and Sustainable Development in Africa by Maty Konte,Linguère Mously Mbaye Pdf

This book provides a strong multidisciplinary examination of the links between migration, remittances and sustainable development in Africa. It makes evidence-based policy recommendations on migration to help achieve the Sustainable Development Goals. The key themes examined are migration and remittances, and their relations with the following issues: economic transformation, education and knowledge, corruption and conflict. Cross-cutting issues such as gender equality and youth are weaved throughout the chapters, and a rich range of country contexts are presented. The volume also discusses challenges in managing migration flows. It will be of interest to advanced students, academics and policy makers in development economics and sustainable development.

Black Markets and Militants

Khalid Mustafa Medani
Black Markets and Militants Book PDF

Author : Khalid Mustafa Medani
Publisher : Cambridge University Press
Page : 427 pages
File Size : 45,7 Mb
Release : 2022-09-08
Category : Political Science
ISBN : 9781009257718

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Black Markets and Militants by Khalid Mustafa Medani Pdf

Understanding the political and socio-economic factors which give rise to youth recruitment into militant organizations is central to grasping some of the most important issues that affect the contemporary Middle East and Africa. In this book, Khalid Mustafa Medani explains why youth are attracted to militant organizations, examining the specific role economic globalization plays in determining how and why militant activists emerge. Based on extensive fieldwork, Medani offers an in-depth analysis of the impact of globalization, neoliberal reforms and informal economic networks on the rise and evolution of moderate and militant Islamist movements. In an original contribution to the study of Islamist and ethnic politics, he shows the importance of understanding when and under what conditions religious rather than other forms of identity become politically salient. This title is also available as Open Access on Cambridge Core.

Migrant Remittance Flows

Jacqueline Irving,Sanket Mohapatra,Dilip Ratha
Migrant Remittance Flows Book PDF

Author : Jacqueline Irving,Sanket Mohapatra,Dilip Ratha
Publisher : World Bank Publications
Page : 84 pages
File Size : 42,8 Mb
Release : 2010-03-26
Category : Business & Economics
ISBN : 0821383620

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Migrant Remittance Flows by Jacqueline Irving,Sanket Mohapatra,Dilip Ratha Pdf

Drawing on the findings from responses to a survey conducted in 2008 09 from 114 central banks worldwide (of which 33 are in Africa), this paper aims to better understand how central banks and other national institutions regulate and collect data and other information on cross-border remittance flows. Findings indicate that, although the vast majority of countries, in both sending and receiving countries, collect data on remittances, and 43 percent of receiving countries estimate informal remittances, there is a need for more frequent and better coordinated data collection, both across national institutions and among different divisions within the same national institution, as well as between countries. Survey results also indicate that many new market entrants transfer activities are unregulated. Countries must take into account new channels and technologies, such as mobile phone service providers, in monitoring remittance flows. It will be important for national regulatory authorities to work closely with mobile telecoms network operators to strike the right regulatory balance, to better understand these new channels associated risks and fully tap their potential for fostering inexpensive, efficient remittance transfer services. The high cost of transfers was cited in the survey as the top factor inhibiting migrants from using formal channels. Many countries, particularly in Africa, have made progress in rendering exclusivity contracts illegal, which helps increase competitiveness and reduce transfer costs. But further policy reforms and initiatives are needed to address the high costs of remittances. The joint African Development Bank-World Bank Africa Migration Project and G-8 Global Remittances Working Group provided partial funding support for this study.

The UK-Nigeria Remittance Corridor

Raúl Hernández-Coss,Chinyere Egwuagu Bun
The UK Nigeria Remittance Corridor Book PDF

Author : Raúl Hernández-Coss,Chinyere Egwuagu Bun
Publisher : World Bank Publications
Page : 100 pages
File Size : 45,9 Mb
Release : 2007-01-01
Category : Social Science
ISBN : 9780821370247

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The UK-Nigeria Remittance Corridor by Raúl Hernández-Coss,Chinyere Egwuagu Bun Pdf

This study is the first research work on remittances conducted in Nigeria and reveals the actual state of its remittance market. The report describes how United Kingdom residents of Nigerian origin transfer remittances home and how the funds are distributed to their beneficiaries in Nigeria. The review presents the remittance industry conditions existing in the UKNigeria remittance corridor at the origination and distribution stages of the transactions, and the intermediaries who facilitate the transfers. The report makes conclusions and compares these main findings with lessons from other corridors. The UK-Nigeria remittance corridor has an equal dominance of formal and informal remittance intermediaries. Although several formal financial institutions for transferring money exist in the UK, many people choose to send money informally. More collaboration between the UK and Nigeria is necessary to develop the remittance market, to encourage the use of formal channels, and to enhance the development potential. Among its benefits, the remittance country partnership (RCP) between UK and Nigeria aims to reduce the cost of remittance transfers. The Nigerian government is engaging its diaspora to help spur economic growth. This report recommends that each government focus on improving data collection at its end of the corridor and do more research to provide its policymakers and its private sector with accurate information.

Making Remittances Work

Emiko Todoroki,Wameek Noor,Kuntay Celik,Anoma Kulathunga
Making Remittances Work Book PDF

Author : Emiko Todoroki,Wameek Noor,Kuntay Celik,Anoma Kulathunga
Publisher : World Bank Publications
Page : 267 pages
File Size : 55,7 Mb
Release : 2014-06
Category : Business & Economics
ISBN : 9781464801099

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Making Remittances Work by Emiko Todoroki,Wameek Noor,Kuntay Celik,Anoma Kulathunga Pdf

Migrant workers routinely send small sums back to their families -- often a crucial lifeline for their survivial. But sending money across countries for these low income people is not easy and often very expensive and risky. Better regulation and supervision of these payment channels can make the process easier to access and more secure.

Migration and Remittances

John Connell,Richard P. C. Brown
Migration and Remittances Book PDF

Author : John Connell,Richard P. C. Brown
Publisher : Unknown
Page : 0 pages
File Size : 45,6 Mb
Release : 2015
Category : Asia
ISBN : 1783479469

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Migration and Remittances by John Connell,Richard P. C. Brown Pdf

In this title, the editors draw together key articles by leading scholars which investigate the significance and role of remittances in economic and social development. They examine topics including reflections on methodology, the motives and determinants of remittances, their socio-economic impacts (especially at the household level), the role of community organisations and social remittances, and the broad social and cultural impacts of remittances. Special attention is given to small island and Central Asian states, where remittances are of particular significance. The collection traces the recent historical evolution of remittances and concludes with an examination of policy implications in both sending and receiving countries.

International remittances and the household : analysis and review of global evidence

Richard H. Adams
International remittances and the household analysis and review of global evidence Book PDF

Author : Richard H. Adams
Publisher : World Bank Publications
Page : 32 pages
File Size : 45,5 Mb
Release : 2007
Category : Citizens
ISBN : 8210379456XXX

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International remittances and the household : analysis and review of global evidence by Richard H. Adams Pdf

Abstract: This paper examines the economic impact of international remittances on countries and households in the developing world. To analyze the country-level impact of remittances, the paper estimates an econometric model based on a new data set of 115 developing countries. Results suggest that countries located close to a major remittance-sending region (like the United States, OECD-Europe) are more likely to receive international remittances, and that while the level of poverty in a country has no statistical effect on the amount of remittances received, for those countries which are fortunate enough to receive remittances, these resource flows do tend to reduce the level and depth of poverty. At the household level, a review of findings from recent research suggest that households receiving international remittances spend less at the margin on consumption goods-like food-and more on investment goods-like education and housing. Households receiving international remittances also tend to invest more in entrepreneurial activities.

Banking in Africa

Anonim
Banking in Africa Book PDF

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 48,9 Mb
Release : 2020
Category : Electronic
ISBN : 9286144954

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Banking in Africa by Anonim Pdf

In its fifth edition, this report focuses on recent developments in Africa's banking sectors and the policy options for all stakeholders. The study of banking sectors across all African sub-regions includes the results of the EIB survey of banking groups operating in Africa. Three thematic chapters address challenges and opportunities for financing investment in Africa: - Investing sustainably in Africa's cities; - Mobilising agricultural value chain financing in Africa: why and how; - Remittances and financial sector development in Africa.