Download or read book US Guatemala Remittance Corridor written by and published by World Bank Publications. This book was released on 2006-01-01 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study gives an overview of the intermediation of worker remittance flows from the United States to Guatemala. In contrast to other remittance corridors in the world, most transfers in this corridor are channeled in the United States through the formal sector, and distributed in Guatemala through the banking system. However, both senders and receivers have little access to financial products and services. This study argues that in a country characterized by high income inequality and low and concentrated access to credit, the large role played by domestic banks in distributing remittances seems promising in terms of creating a point of contact that could lead to cross-sales of other financial services. The report also argues that authorities have an important coordination and catalytic role to play, for increased efficiency in remittance intermediation, fostering competition, and ultimately highlighting the potential for greater access. The report concludes with specific avenues for further policy action in terms of transparency, regulatory environment, financial literacy and access, risk

Download or read book The U S Guatemala Remittance Corridor written by and published by . This book was released on 2006 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The U S Honduras Remittance Corridor written by Isaku Endo and published by World Bank Publications. This book was released on 2010-03-12 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an overview of remittances and migration between Honduras and the United States and analyzes the remittance regulatory and market environment, including financial inclusion strategies, transnational economic activities, and the impact of remittances on the Honduran economy. 'The U.S.-Honduras Remittance Corridor' makes policy recommendations to the authorities of Honduras and the United States, especially for regulatory reforms that promote the integrity and efficiency of money transfer businesses. We also recommend the development of financial infrastructures in rural areas for better distribution of remittances. Furthermore, we suggest that public policy should be more focused on building an environment for investment in the community and developing local businesses that export to Honduran communities abroad.

Download or read book The Malaysia Indonesia Remittance Corridor written by and published by World Bank Publications. This book was released on 2008-01-01 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Malaysia, Indonesian migrants are showing an increasingly clear preference for informal transfer mechanisms compared to their counterparts in other countries. A little less than half of all Indonesian migrants overseas&—thought to be around 2 million&—are working in Malaysia. An increasing number of migrants are women, and the corridor is also marked by a high number of undocumented migrants. Despite the increasing flows of migrants, only about 10 percent of the estimated flow of remittances into Indonesia from Malaysia is transferred through the formal system. The extent of the preference fo.

Download or read book The Canada Caribbean Remittance Corridor written by Emiko Todoroki and published by World Bank Publications. This book was released on 2009-04-30 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several economies in the Caribbean region, especially from the lower-income group, are highly dependent on remittances. Between 1991 and 2006, the combined flows of total remittances reaching the Caribbean have averaged almost 17 percent annual growth, surpassing US$6 billion in 2005 and overtaking the region’s total ODA and FDI inflows. In addition, remittances represent more than 20 percent of the domestic gross domestic product (GDP) in some Caribbean countries and have played a significant role in lessening both balance of payment deficits and the impact of natural disasters to which the region is particularly vulnerable. This study undertakes an analysis of the various dynamics underlying the Canada-Caribbean remittance corridor, including Caribbean migration issues and diaspora dynamics, remittance market landscapes, and regulatory frameworks. The study is intended to assist Canadian and Caribbean national authorities to sustain the continued growth and competitiveness of their remittance industries, while protecting them abuse by criminals. The study particularly emphasizes continued policy improvements in each country’s regulatory framework to improve financial sector development and to enhance poverty reduction.

Download or read book The UK Nigeria Remittance Corridor written by Raúl Hernández-Coss and published by World Bank Publications. This book was released on 2007-01-01 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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.

Download or read book International Remittance Payments and the Global Economy written by Bharati Basu and published by Routledge. This book was released on 2014-08-07 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Remittance Payments are described mainly as money sent by immigrants to their families and friends in their home countries. These payments provide an important source of income that is mostly used to provide for a variety of basic needs of the non-migrating members of immigrant families and thus remittance payments can be considered as a tool to reduce the poverty level of the labor sending countries. However, remittances are also used for asset accumulation by some families and for some countries they constitute a good part of foreign funds coming into the country. In-spite of their increasing volume over the last few decades, a lot of things about remittances are not known and studies estimate that about half of these money transfers are not even recorded. Since these payments are shown to reduce poverty and help economic progress in the remittance receiving countries, a better knowledge about remittances would help the debates surrounding immigration, remittances and their relation to the global economy. This book provides an overview of remittances in different parts of the world over the last thirty years. It looks at the labor sending and labor receiving countries separately. The text examines the trends, uses, motivations behind sending remittances, cost of sending them and how they are affected by the nature and the development level of different institutional factors. The remittance flows are growing over time and they are used mostly for reducing the uncertainty of life in the less developed parts of the world. However, motivation for sending remittances could be improved and thus remittances could be more conducive to economic development if 1) the relation between the remittance decision and the migration decision is better understood and 2) the costs of international money transfers are reduced. More studies about those issues would benefit the international community. Efforts should be made in all fronts to encourage such international flow of funds not only to have a redistribution of income all over the world, but also to synchronize the efforts towards global economic development and a better integration of the world economy. This book is aimed researchers, policy practitioners and post graduates studying International Economics or International Economic Relations or Political Science or Economic Development.

Download or read book Fintech Potential for Remittance Transfers A Central America Perspective written by Julia Bersch and published by International Monetary Fund. This book was released on 2021-06-25 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the potential for fintech to facilitate cheaper and more efficient remittances, and to enhance financial inclusion in Central America. Digital remittances remain nascent in the region, primarily reflecting behavioral inertia, small cost advantages of digital over traditional channels, and inadequate financial literacy. Through expanded alliances between traditional and fintech operators, digital remittances can further reduce transaction costs and reach those remote, low-income households in a timely and secure manner. A meaningful expansion of fintech remittances necessitates an enabling regulatory environment for digital financial services, and KYC and AML/CFT requirements proportionate to the value of transfers.

Download or read book The U S Mexico Remittance Corridor written by Raúl Hernández-Coss and published by World Bank Publications. This book was released on 2005-01-01 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: The experience of Mexican nationals who send money home from the United States forms the basis for this study. The authors identify three stages of the remittance process: the First Mile, when decisions are in the hands of the remittance sender; the Intermediary Stage, comprising systems that facilitate the cross-border transfer of funds; and the Last Mile, where the funds reach the hands of the remittance recipient. This analysis, covering the last eight years, may provide guidance for other remittance sending and receiving countries that seek to encourage formalization of the flow.

Download or read book Handbook of Central American Governance written by Diego Sanchez-Ancochea and published by Routledge. This book was released on 2013-12-17 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central America constitutes a fascinating case study of the challenges, opportunities and characteristics of the process of transformation in today’s global economy. Comprised of a politically diverse range of societies, this region has long been of interest to students of economic development and political change. The Handbook of Central American Governance aims to describe and explain the manifold processes that are taking place in Central America that are altering patterns of social, political and economic governance, with particular focus on the impact of globalization and democratization. Containing sections on topics such as state and democracy, key political and social actors, inequality and social policy and international relations, in addition to in-depth studies on five key countries (Costa Rica, Nicaragua, El Salvador, Honduras and Guatemala), this text is composed of contributions from some of the leading scholars in the field. No other single volume studies the current characteristics of the region from a political, economic and social perspective or reviews recent research in such detail. As such, this handbook is of value to academics, students and researchers as well as to policy-makers and those with an interest in governance and political processes.

Download or read book The Americas 2 volumes written by Kimberly J. Morse and published by Bloomsbury Publishing USA. This book was released on 2022-08-23 with total page 1037 pages. Available in PDF, EPUB and Kindle. Book excerpt: This two-volume encyclopedia profiles the contemporary culture and society of every country in the Americas, from Canada and the United States to the islands of the Caribbean and the many countries of Latin America. From delicacies to dances, this encyclopedia introduces readers to cultures and customs of all of the countries of the Americas, explaining what makes each country unique while also demonstrating what ties the cultures and peoples together. The Americas profiles the 40 nations and territories that make up North America, Central America, the Caribbean, and South America, including British, U.S., Dutch, and French territories. Each country profile takes an in-depth look at such contemporary topics as religion, lifestyle and leisure, cuisine, gender roles, dress, festivals, music, visual arts, and architecture, among many others, while also providing contextual information on history, politics, and economics. Readers will be able to draw cross-cultural comparisons, such as between gender roles in Mexico and those in Brazil. Coverage on every country in the region provides readers with a useful compendium of cultural information, ideal for anyone interested in geography, social studies, global studies, and anthropology.

Download or read book Remittances written by Samuel Munzele Maimbo and published by World Bank Publications. This book was released on 2005 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Migrants have long faced unwarranted constraints to sending money to family members and relatives in their home countries, among them costly fees and commissions, inconvenient formal banking hours, and inefficient domestic banking services that delay final payment to the beneficiaries. Yet such remittances are perhaps the largest source of external finance in developing countries. Officially recorded remittance flows to developing countries exceeded US$125 billion in 2004, making them the second largest source of development finance after foreign direct investment. This book demonstrates that governments in developing countries increasingly recognize the importance of remittance flows and are quickly addressing these constraints.

Download or read book Global Economic Prospects 2006 written by and published by World Bank Publications. This book was released on with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: International migration, the movement of people across international boundaries to improve economic opportunity, has enormous implications for growth and welfare in both origin and destination countries. An important benefit to developing countries is the receipt of remittances or transfers from income earned by overseas emigrants. Official data show that development countries' remittance receipts totaled 160 billion in 2004, more than twice the size of official aid. This year's edition of Global Economic Prospects focuses on remittances and migration. The bulk of the book covers remittances.

Download or read book The Migration Myth in Policy and Practice written by AKM Ahsan Ullah and published by Springer Nature. This book was released on 2020-01-01 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the long-term impact of migration on development, engaging in a thorough analysis of the pertinent factors in migration. Migration scholars and stakeholders have long placed emphasis on the necessity of migration for development. At the heart of this book is the question: Has migration made development necessary, or is it the other way around? While existing literature is predominantly occupied with positive impressions about the migration-development nexus, this book challenges associated pervasive generalizations about the impact of migration, indicating that migration has not impacted all regions equally. This volume thus grapples with the different extents to which migration has impacted development by delving into the social costs that migrants often pay in the long run. With empirical support, this book proffers that some countries are becoming over-dependent on migration. An excellent resource for both policymakers working on migration policy, and scholars in international relations, migration and development studies, this book presents a range of innovative ideas in relation to the remittance-development nexus.

Download or read book El Norte Or Bust written by David Stoll and published by Rowman & Littlefield. This book was released on 2013 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debt is the hidden engine driving undocumented migration to the United States. So argues David Stoll in this powerful chronicle of migrants, moneylenders, and swindlers in the Guatemalan highlands, one of the locales that, collectively, are sending millions of Latin Americans north in search of higher wages. As an anthropologist, Stoll has witnessed the Ixil Mayas of Nebaj grow in numbers, run out of land, and struggle to find employment. Aid agencies have provided microcredits to turn the Nebajenses into entrepreneurs, but credit alone cannot boost productivity in crowded mountain valleys, which is why many recipients have invested the loans in smuggling themselves to the United States. Back home, their remittances have inflated the price of land so high that only migrants can afford to buy it. Thus, more Nebajenses have felt obliged to borrow the large sums needed to go north. So many have done so that, even before the Great Recession hit the U.S. in 2008, many were unable to find enough work to pay back their loans, triggering a financial crash back home. Now migrants and their families are losing the land and homes they have pledged as collateral. Chain migration, moneylending, and large families, Stoll proposes, have turned into pyramid schemes in which the poor transfer risk and loss to their near and dear.

Download or read book Africa s Third Liberation written by Greg Mills and published by Penguin Random House South Africa. This book was released on 2014-06-02 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa has experienced two liberations: the first from colonial and racist regimes, and the second from the autocrats who often followed foreign rule. African countries now have the potential to undertake a third liberation - from political economies characterised by graft, crony capitalism, rents-seeking, elitism and social inequality. This third liberation will open up the economic space in which business can compete - a necessary condition for expanding employment. During the 2000s, the continent had its best growth decade on record since independence. High commodity prices offer a launch pad for sustained growth and employment creation. Now is the moment for African countries to act. This book asks how Africa's political leaders and interest groups can promote economic growth in their countries. Drawing on studies of countries outside Africa, Jeffrey Herbst and Greg Mills identify the factors separating the performers from the laggards worldwide. Aside from the need to create an enabling environment for business through good governance, provision of infrastructure and improvements in education, most critical is the need for a laser-like development focus by governments. In Africa's Third Liberation, Jeffrey Herbst and Greg Mills show why a new African political debate is necessary to make progress in accelerating growth and creating jobs.