Publication: Remittances – A Gateway to Sustainable Development: Lessons Learned from the Implementation of Project Greenback in Albania
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2021-12
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2022-04-05
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This report briefly introduces international remittance flows and their role in the global development agenda. The following chapters describe the work of the WB on financial inclusion and international remittances in Albania, with an emphasis on Project Greenback, and it outlines the local context for the implementation of the project. The final chapters focus on the activities implemented in Albania and derive lessons. The purpose of this report is to inform a wider audience interested in remittances and financial inclusion about the general trends and specific activities the WB has been implementing in Albania.
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“World Bank. 2021. Remittances – A Gateway to Sustainable Development: Lessons Learned from the Implementation of Project Greenback in Albania. © World Bank. http://hdl.handle.net/10986/37265 License: CC BY 3.0 IGO.”
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Publication Remittances – A Gateway to Sustainable Development(Washington, DC, 2022)This report aims to inform a wider audience about the importance of remittances and the specific financial education activities implemented in Kosovo to improve their efficiency. It briefly introduces international remittance flows and their role in the global development agenda, with a particular focus on the impact of the COVID-19 pandemic. The following chapters give an overview of the work of the WB on financial inclusion and international remittances in Kosovo, with an emphasis on project Greenback, and outline the local context for the implementation of the project. 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However, considering that officially recorded remittances registered double-digit annual growth in the past few years to reach an estimated $305 billion in 2008, an outright fall in the level of remittance flows as projected now will cause hardships in many poor countries.Publication Remittances to Developing Countries Will Surpass $400 Billion in 2012(World Bank, Washington, DC, 2012-11-20)The officially recorded remittances to developing countries are expected to reach 406 billion dollar in 2012, up by 6.5 percentage from 381 billion dollar in 2011. The true size of remittance flows, including unrecorded flows through formal and informal channels, is believed to be significantly larger. Compared to private capital flows, remittance flows have shown remarkable resilience since the global financial crisis, registering only a modest fall in 2009, followed by a rapid recovery. 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