A key finding of these diagnostics was that know-your-customer (KYC) and customer due diligence (CDD) procedures are key impediments in enabling remittance access by low-income and rural households.
Type of Document: Report
Enhancing the economic empowerment of Kenyan remittance senders in Germany and Uganda, and rural recipients through cost-effective digital channels and enabled access to financial services.
La diaspora malienne est reconnue comme l’un des piliers du développement du Mali à travers l’envoi de fonds. Elle contribue à la fois à l’équilibre de la balance des paiements, au soutien de la consommation des ménages, à la réalisation de projets de développement économique et social, et à l’installation d’infrastructures de base dans les zones de forte émigration qui en sont dépourvues – c’est-à-dire majoritairement les zones rurales.
En 2020, les transferts formels représentaient à eux seuls 5,7% du PIB malien.
La présente étude vise à nourrir la réflexion des opérateurs qui souhaitent adapter leurs outils financiers aux besoins et attentes de la diaspora en matière d’investissement productif, tout en stimulant l’intérêt des acteurs publics, dans les pays d’accueil et au Mali.
L’étude est composée de deux volets:
Une enquête sur les préférences d’investissement au Mali des membres de la diaspora malienne, collectifs comme individus, présents dans les trois pays européens précédemment mentionnés.
Une cartographie des organisations de la diaspora malienne en France, Espagne et Italie, présentant une typologie par génération et modalités d’intervention (géographique, sectorielle, etc.) au Mali;
This study aimed at operators wishing to tailor their financial tools to the needs and expectations of the Malian diaspora while stimulating the interest of public actors in the receiving countries and Mali.
This diagnostic is a working document that will be updated and amended as additional information is collected and assessed. Currently, the report provides an assessment of the remittances market in Morocco. It will soon be consolidated with insights into three specific send-market corridors to Morocco, incorporating demand-side research from Germany, France, and Italy. This comprehensive analysis aims to enhance understanding and optimize the remittances landscape for Morocco.
The Financing Facility for Remittances (FFR) of the International Fund for Agricultural Development (IFAD) introduces MobileRemit Africa, a pivotal component of the Platform for Remittances, Investments, and Migrants’ Entrepreneurship in Africa (PRIME Africa) initiative. Co-financed by the European Union, this innovative platform is initially launched in seven African countries—Ghana, Kenya, Morocco, Senegal, South Africa, The Gambia, and Uganda—along with their primary remittance corridors. MobileRemit Africa aims to enhance financial inclusion and economic growth by streamlining remittance processes, fostering investment opportunities, and supporting entrepreneurial ventures across the continent.
The 2021 Global Forum on Remittances, Investment, and Development (GFRID) Summit highlighted the critical role of remittances and diaspora investment in bolstering market recovery amid the global pandemic. The summit emphasized strategies to enhance the resilience of migrant workers and their communities, ensuring sustainable development and economic stability in these challenging times.
Developed collaboratively by the Remittance Community Task Force (RCTF) members, the Blueprint for Action outlines concrete measures, actions, and relevant examples to spur recovery and bolster the resilience of the one billion people involved in remittances in the post-COVID-19 economic environment. This comprehensive guide serves as a vital tool for navigating and thriving in the new economic landscape, ensuring sustained support and development for remittance communities worldwide.
This report presents the key messages and conclusions of the GFRID 2018 including side events and parallel sessions, as well as opportunities for stakeholders from all sectors to maximize the impact of remittances and other migrant contributions in Asia-Pacific for the years to come.
Participants at the Global Forum on Remittances, Investment, and Development (GFRID) had the opportunity to discuss the challenges and opportunities in the remittance market. The summit showcased innovative approaches and successful business models, with discussions focused on the critical role of migrants’ remittances and investments in achieving the Sustainable Development Goals (SDGs) by 2030.
