French – FFRemittances

Programme: EUTF Mali Location: Mali

Authors: IFAD, Ciwara Capital, I&P

Themes: Diaspora Investments, Rural SMEs

The White Paper is the result of the “Mobilizing Diaspora Resources into an Impact Investment Fund in Mali” four-year pilot project (2020-2024), which was funded by a EUR 230,000 grant from IFAD’s Financing Facility for Remittances (FFR) and implemented by the impact investors, Investisseurs et Partenaires.

The White Paper presents a comprehensive overview of the lessons learned and best practices gained through the project; among its main achievements, the project established Ciwara Capital, an autonomous, diaspora-led investment company that raised over EUR 200,000 and successfully invested in Mali in the agri-food and education sectors. Additionally, it developed an innovative investment solution tailored to engage diaspora investors, built the financial capacity of diaspora members, and strengthened partnerships with local entities to ensure sustainable impact. Through these efforts, the project not only broadened the impact of diaspora investment across sectors and regions but also fostered stronger ties between the Malian diaspora and their country of origin.

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Programmes: EU Mali Location: Mali

Themes: Climate Action, Diaspora Investment, Remittance Families and Development

This report is produced by the Financing Facility for Remittances (FFR) of the International Fund for Agricultural Development (IFAD) in the framework of the IFAD–United Nations Conventions to Combat Desertification (UNCCD) partnership on Sustainability, Stability and Security in Africa (3S Initiative).

The report delves into the critical intersection of remittances, diaspora investments, and climate adaptation in sub-Saharan Africa, to offer comprehensive insights. The report analyzes the effects of migration and remittances on countries and households of origin, especially in the agricultural sector, and examines initiatives aimed at enhancing the impact of diaspora finance on sustainable development and climate resilience.

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English Version

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The video emphasizes the importance of remittances, especially for rural communities, where they serve as a crucial source of income. In 2023, over $600 billion was sent globally, helping families meet basic needs and contributing to achieving Sustainable Development Goals (SDGs). Digitalization has improved remittance systems, lowering costs and increasing accessibility, especially for marginalized groups. The International Day of Family Remittances 2023-2024 campaign focuses on using digital technologies to make remittances faster, cheaper, and safer, with a goal of reducing transfer costs to 3% by 2030.

Programmes: EUTF Mali Location: Mali

Themes: Climate Action, Diaspora Investment, Remittance Families and Development

This report was produced by the Financing Facility for Remittances (FFR) of the International Fund for Agricultural Development (IFAD) in the framework of the IFAD–UNCCD partnership on Sustainability, Stability and Security in Africa (3S Initiative).

The aim of this study is to document how remittances and diaspora investment can be used as a mean to adapt to climate change in Mali. It is based on a quantitative survey of 400 rural households as well as on qualitative interviews with the returning diaspora and financial services operators, conducted in the regions of Kayes and Sikasso in November 2023.

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English Version

French Version

This analysis is a working document that will be updated and modified as additional information is gathered. Currently, the report presents an assessment of the Senegal remittance market. This first report will be consolidated by analyzes relating to two specific remittance markets (corridors) to Senegal, accompanied by a study of demand.

This Project aims to strengthen the resilience of rural populations by improving the money transfer methods for the Senegalese diaspora in France.

This study is aimed at providing food for thought for operators wishing to tailor their financial tools to the needs and expectations of the diaspora while stimulating the interest of public actors in the Malian diaspora in the receiving countries and Mali.

La Communauté de Pratique (CoP) de RNEF Sénégal répond aux besoins des membres et offre une plate-forme pour des échanges continus, spécifiques et sur les envois de fonds et leurs applications