The project objective is to address systematic data gaps in LAC remittance markets through the collection, analysis and dissemination of market information flows and trends in the region. The LAC section of the web portal RemitSCOPE 2.0 is publicly available now, complementing the Africa section of the portal.
Theme: Research & Data
The project, implemented by DMAG under the PRIME Africa Program, produced remittance market diagnostics in nine African countries, and developed seven Roadmaps for remittance market improvement. DMAG created a comprehensive database, consolidating 160+ indicators on remittance and remittance-related data across all 54 African countries. Data is available on the interactive, free-to-use RemitSCOPE.org platform. Please visit www.remitscope.org.
IFAD is partnering with FSD Kenya under the PRIME Africa initiative to provide evidence of the current and potential role played by SACCOs in the remittance value chain. The expected result will Improve informed public policies and private sector strategies for enhancing the role of savings and credit cooperatives (SACCOs) in delivering remittances to the Kenyan rural population. These actors may involve traditional players such as banks and SACCOs and ground-breaking ones like fintechs.