Remittances: Development Impact and Future Prospects

Remittances explores policy options for enhancing the poverty alleviation impact of remittance money in recipient countries, and addressees concerns about increasing migration and inequality. It looks at new technologies that allow remittance service providers to reduce direct transaction costs and open new channels, enhancing convenience for remitters and improving levels of transparency and accountability for regulators and policy makers. Importantly, it also establishes a baseline for further research and collaborative effort, showing the areas where the international financial institutions, particularly the World Bank, can add value to enhance the positive impact of remittance flows and minimize less welcome effects.

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Bibliographic Details
Main Authors: Maimbo, Samuel Munzele, Ratha, Dilip
Language:English
en_US
Published: Washington, DC: World Bank 2005
Subjects:AGRICULTURAL ECONOMICS, CAPITAL MARKETS, CENTRAL AMERICA, CENTRAL AMERICAN, CENTRAL BANK, CLIMATE, COMMUNITY DEVELOPMENT, COMPETITIVENESS, CONSUMPTION LEVELS, CRIME, CURRENCY APPRECIATION, DATA SET, DEBT, DELIVERY MECHANISMS, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPMENT AID, DEVELOPMENT ASSISTANCE, DEVELOPMENT GOALS, DEVELOPMENT POLICY, DEVELOPMENT POTENTIAL, DEVELOPMENT PROGRAMME, DEVELOPMENT STUDIES, DISASTERS, ECONOMIC ASPECTS, ECONOMIC CONDITIONS, ECONOMIC COOPERATION, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC IMPLICATIONS, ECONOMIC MANAGEMENT, ECONOMIC RECOVERY, ECONOMIC SUSTAINABILITY, ELASTICITY, EMIGRATION, EXCHANGE RATE, EXPORTS, FAMILIES, FINANCIAL MARKETS, FINANCIAL SECTOR, FINANCIAL SERVICES, FOOD POLICY RESEARCH, FOREIGN EXCHANGE, FREE TRADE, GDP, GROSS DOMESTIC PRODUCT, HEALTH CARE, HOUSEHOLD INCOME, HOUSING, HUMAN CAPITAL, IMMIGRATION, INCOME COUNTRIES, INCOME DISTRIBUTION, INCOME LEVELS, INFLATION, INSTITUTIONAL ASSESSMENT, INSTITUTIONAL DEVELOPMENT, INSURANCE, INTERNATIONAL LABOUR, INTERNATIONAL MIGRATION, INTERNATIONAL ORGANIZATIONS, LATIN AMERICAN, LONG TERM, LOW-INCOME COUNTRIES, MACROECONOMICS, MARKETING, MEDIA, MICRO-FINANCE INSTITUTIONS, MIGRANTS, MONITORING MECHANISMS, MOTIVATION, MULTIPLIER EFFECTS, NUTRITION, PARTICIPATORY METHODS, POLICY IMPLICATIONS, POLICY MAKERS, POOR COUNTRIES, POOR PEOPLE, POSITIVE EFFECTS, POVERTY REDUCTION, POVERTY REDUCTION STRATEGIES, PRIVATE SECTOR, PUBLIC INSTITUTIONS, REGIONAL DEVELOPMENT, REMITTANCES, RESEARCH EXPERIENCE, RESEARCH INSTITUTE, RESEARCH PROJECTS, RURAL HOUSEHOLDS, SOCIAL SERVICES, SOUTH ASIAN, SUB-SAHARAN AFRICA, TELECOMMUNICATIONS, TERTIARY EDUCATION, TRADE DIVERSION, UNEMPLOYMENT, UNEMPLOYMENT RATE, VIOLENCE, WORKERS,
Online Access:http://documents.worldbank.org/curated/en/2005/01/5866523/remittances-development-impact-future-prospects
https://hdl.handle.net/10986/7339
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Summary:Remittances explores policy options for enhancing the poverty alleviation impact of remittance money in recipient countries, and addressees concerns about increasing migration and inequality. It looks at new technologies that allow remittance service providers to reduce direct transaction costs and open new channels, enhancing convenience for remitters and improving levels of transparency and accountability for regulators and policy makers. Importantly, it also establishes a baseline for further research and collaborative effort, showing the areas where the international financial institutions, particularly the World Bank, can add value to enhance the positive impact of remittance flows and minimize less welcome effects.