Remittance Markets in Africa

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collection.link.336
https://openknowledge.worldbank.org/handle/10986/32464
collection.name.336
Directions in Development
dc.contributor.author
Mohapatra, Sanket
dc.contributor.author
Ratha, Dilip
dc.date.accessioned
2012-03-19T09:03:25Z
dc.date.available
2012-03-19T09:03:25Z
dc.date.issued
2011-04-21
dc.date.lastModified
2021-04-23T14:02:00Z
dc.description.abstract
A substantive literature suggests that migration generates benefits for migrants, the host societies, and the countries of origin. The economic benefits for the countries of origin are realized primarily through the receipt of remittances. These large and stable resource flows remained relatively resilient during the global financial crisis compared to steep declines in private capital flows, and they have quickly recovered to the pre crisis levels. African countries are estimated to have received $40 billion in officially recorded flows in 2010, but the true size is believed to be far larger. Remittances are associated with reduction in poverty, improved education and health outcomes, and increased availability of funds for small business investments. Remittances represent a positive and relatively noncontroversial outcome of migration. This volume brings together studies of remittance markets in eight Sub-Saharan African countries and two key destinations for African migrants outside the African continent. It provides an overview of the remittance markets, and the policy and institutional environments in both sending and receiving countries. Based on primary surveys of remittance service providers about the types of remittance services, barriers to entry and exit, legal and regulatory environment, remittance costs, and innovative technologies, the chapters of this volume provide a unique window into the functioning of remittance markets in this region. the volume, measures to reduce remittance fees, increase market competition and consumer protection, increase the involvement of post offices and other non-bank institutions, and encourage the extension of mobile money transfer services to cross-border remittances will benefit the ultimate clients, the people of Africa. I hope that the findings of this volume will motivate more research, improved data collection, and policy action in the area of migrant remittances in Africa.
en
dc.identifier
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20110425022055
dc.identifier.isbn
978-0-8213-8475-6
dc.identifier.uri
http://hdl.handle.net/10986/2292
dc.language
English
dc.publisher
World Bank
dc.relation.ispartofseries
Directions in Development ; finance
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
COSTS
dc.subject
COUNTRIES OF ORIGIN
dc.subject
ECONOMIC BENEFITS
dc.subject
HOST SOCIETIES
dc.subject
IMPROVED EDUCATION OUTCOMES
dc.subject
IMPROVED HEALTH OUTCOMES
dc.subject
INNOVATIVE TECHNOLOGIES
dc.subject
MIGRANTS
dc.subject
MIGRATION
dc.subject
POVERTY REDUCTION
dc.subject
REMITTANCES
dc.subject
SMALL BUSINESS INVESTMENTS
dc.title
Remittance Markets in Africa
en
okr.crosscuttingsolutionarea
Jobs
okr.date.disclosure
2011-04-25
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research :: Publication
okr.docurl
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20110425022055
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Finance and Markets
okr.globalpractice
Finance and Markets
okr.globalpractice
Health, Nutrition, and Population
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-0-8213-8475-6
okr.identifier.externaldocumentum
000386194_20110425022055
okr.identifier.internaldocumentum
14102066
okr.identifier.report
61310
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/04/25/000386194_20110425022055/Rendered/PDF/613100PUB0mark158344B09780821384756.pdf
en
okr.region.administrative
Africa
okr.topic
Health, Nutrition and Population :: Population Policies
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Finance and Financial Sector Development :: Currencies and Exchange Rates
okr.topic
Macroeconomics and Economic Growth :: Remittances
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Health, Nutrition and Population
okr.unit
Development Prospects Group (DECPG)
okr.volume
1 of 1

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