Download or read book Remittance Markets in Africa written by Sanket Mohapatra and published by World Bank Publications. This book was released on 2011-01-01 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Migration Remittances and Sustainable Development in Africa written by Maty Konte and published by Routledge. This book was released on 2020-11-26 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Leveraging Migration for Africa written by Dilip Ratha and published by World Bank Publications. This book was released on 2011-04-26 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Global Financial Crisis and Workers Remittances to Africa written by Mr.Ralph Chami and published by International Monetary Fund. This book was released on 2010-01-01 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Africa s Finances written by Raj Bardouille and published by Cambridge Scholars Publishing. This book was released on 2008 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Determinants and Macroeconomic Impact of Remittances in Sub Saharan Africa written by Kyung-woo Lee and published by International Monetary Fund. This book was released on 2009-10-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Financing Africa s Development written by Diery Seck and published by Springer Nature. This book was released on 2020-06-24 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the impact of financing on Africa’s economic development. By exploring various financial instruments including the role of alternative sources of funding like migrant remittances and illicit flows, it analyses the role of financing for Africa’s macroeconomic development and other development indicators such as infrastructure, transport, global trade, industrialisation, social services, external indebtedness and governance. By presenting and examining case studies on various African countries and regions, the respective contributions investigate the capacity of institutions to facilitate and structure the economy’s funding activities, and to strengthen the ties between finance and development. Furthermore, they discuss various regional aspects, such as the integration of infrastructure, harmonization of fiscal policy, integration of financial markets, and the facilitation of intra-regional trade and movement of capital. Given its scope, the book will appeal to scholars of economics and development studies with an interest in the economic development of Africa.
Download or read book Migration Remittances and Development in Lesotho written by Jonathan Crush and published by African Books Collective. This book was released on 2010-07-17 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between migration, development and remittances in Lesotho has been exhaustively studied for the period up to 1990. This was an era when the vast majority of migrants from Lesotho were young men working on the South African gold mines and over 50 percent of households had a migrant mineworker. Since 1990, patterns of migration to South Africa have changed dramatically. The reconfiguration of migration between the two countries has had a marked impact on remittance flows to Lesotho. The central question addressed in this report is how the change in patterns of migration from and within Lesotho since 1990 has impacted on remittance flows and usage.
Download or read book Food Remittances Migration and Food Security in Africa written by Crush, Jonathan and published by Southern African Migration Programme. This book was released on 2017-01-17 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is considerable evidence from across the African continent that a significant proportion of cash remittances to rural areas is spent on food. However, bidirectional food remitting – its drivers, dimensions and impacts – is an underdeveloped research and policy area. This report therefore reviews the current state of knowledge about food remittances in Africa and aims to make a number of contributions to the study of the relationship between migration and food security.
Download or read book Migrant Remittances and Household Survival in Zimbabwe written by Daniel Tevera and published by African Books Collective. This book was released on 2008-12-31 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Migrant remittances are now recognised as an important source of global development finance and there is increasing evidence that international remittances have considerable developmental impacts. The contribution of remittances to GDP in many developing countries is significant and has shown a steady increase over the past decade. However, while there is a consensus that remittance flows to Africa are increasing, little attention has been paid to the impact of these transfers on poverty alleviation, primarily because of data deficiencies at the household level. Despite their obvious magnitude, accurate data on remittance flows to Zimbabwe is unavailable or inaccessible. In an attempt to address such data deficiencies, SAMP devised the household-level Migration and Remittances Survey (MARS) which was administered in several SADC countries, including Zimbabwe. The MARS study was implemented in Zimbabwe in 2005 and surveyed 723 urban and rural households.
Download or read book Migration Remittances and Sustainable Development in Africa written by Maty Konte and published by Routledge. This book was released on 2020-11-26 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Handbook of Research on Institution Development for Sustainable and Inclusive Economic Growth in Africa written by Osabuohien, Evans S. and published by IGI Global. This book was released on 2020-12-04 with total page 507 pages. Available in PDF, EPUB and Kindle. Book excerpt: African countries are pursuing a number of development agendas toward achieving economic growth that is inclusive, pro-poor, and sustainable, particularly the type that can unleash the potential of women and booming youthful populations. However, available evidence shows that many African countries have experienced economic hardships and have performed more poorly than other developing and emerging countries in the global south. The Handbook of Research on Institution Development for Sustainable and Inclusive Economic Growth in Africa is an essential research publication that provides comprehensive research on the processes of building viable institutions in Africa that will serve as the fulcrum for utilizing and managing resources as well as promoting economic growth that is inclusive and sustainable. Featuring topics such as climate change, financial development, and poverty, this book is ideal for researchers, policymakers, developers, economic professionals, academicians, government officials, business professionals, and students.
Download or read book Covid 19 and Remittances in Africa written by and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the potential impact of Covid-19 on remittances and development in different African countries. The World Bank has forecast an unprecedented fall in remittances for 2020, removing a major source of income for many African countries and affecting their capacity to respond to and recover from the crisis. But it is unlikely to hit all countries and populations in the same way. This report shows in which countries people depend on remittances to get by, and where this dependence intersects with existing economic hardship and digital and financial exclusion. It does so through an analysis of macro-economic indicators (remittance flows and their relation to GDP) and the 2016-2018 Afrobarometer survey, which produces nationally representative samples of public opinion for 34 African countries.
Download or read book Diaspora for Development in Africa written by Sonia Plaza and published by World Bank Publications. This book was released on 2011 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: The diaspora of developing countries can be a potent force for development, through remittances, but more importantly, through promotion of trade, investment, knowledge and technology transfers. The book aims to consolidate research and evidence on these issues with a view to formulating policies in both sending and receiving countries.
Download or read book The Global Financial Crisis and Workers Remittances to Africa written by and published by . This book was released on 2010 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Remittances in Africa written by and published by World Bank Publications. This book was released on with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, much emphasis has been placed on the magnitude, growth and leveraging of remittances for development in the African continent. Remittances in Africa is a review that catalogues the main studies, policies and technical assistance programs on remittances in Africa that have been carried out by the World Bank, other multilateral and bilateral development agencies, and governments. These activities have lead up to and influenced, directly or indirectly, the initiative of creating an African Institute for Remittances (AIR). As one of five Africa’s Legacy projects, AIR is to be established with the objective of harnessing migrant remittances for social and economic development in Africa. The contents of Remittances in Africa should prove useful in undertaking further research in support of this goal.
Download or read book Migration and Remittances Factbook 2016 written by Dilip Ratha and published by World Bank Publications. This book was released on 2016-04-08 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: Remittances remain a key source of funds for developing countries, far exceeding official development assistance and even foreign direct investment. Remittances have proved to be more stable than private debt and portfolio equity flows, and less volatile than official aid flows, and their annual flow can match or surpass foreign exchange reserves in many small countries. Even in large emerging markets, such as India, remittances are equivalent to at least a quarter of total foreign exchange reserves. India, China, Philippines and Mexico are the top recipients of migrant remittances. The Migration and Remittances Factbook 2016 attempts to present numbers and facts behind the stories of international migration and remittances, drawing on authoritative, publicly available data. It provides a snapshot of statistics on immigration, emigration, skilled emigration, and remittance flows for 210 countries and 15 regional and income groups. The Migration and Remittances Factbook 2016 updates the 2011 edition of the Factbook with additional data on bilateral migration and remittances and second generation diasporas, collected from various sources, including national censuses, labor force surveys, population registers, and other national sources.
