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Industry news

Más facilidades para el envío de remesas

La mitad de la población mundial no utiliza servicios financieros ni para ahorrar, ni para financiarse; de manera que, no debería sorprendernos que

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Azimo Wins Award for Best Low Cost Remittance Service to Africa

  Azimo, the digital money transfer service, today announced that it has been awarded the best low cost remittance service by Africa’s sixth annual

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Western Union : Diaspora Remittances Can Spur Economy

At the beginning of this year I indicated that Zimbabwe must work very hard to raise national productivity in order to enhance national competitiven

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WorldRemit Expands Instant Money Transfers in Nigeria

  WorldRemit, the global money transfer app, today introduces instant transfers to Nigeria. In addition to its same-day bank transfer service, Worl

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In Cuba, Cash Trickles In for Budding Capitalists

U.S. citizens still aren’t allowed to invest in Cuba, but American cash has been nurturing the Communist-ruled island’s nascent capitalists, a few d

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BPO revenues soon to overtake OFW remittances

The business process outsourcing (BPO) industry may soon overtake dollar remittances from overseas Filipinos in terms of revenues given the continue

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Tunisian post tests African digital currency market

Tunisia is the smallest North African country, with a population of 11 million. The world bank considers it an upper-middle-income country, with GDP

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Azimo Partners with Vodafone Romania To Bring M-Pesa Digital Money Transfers to Millions of People

Azimo, the digital money transfer service, has joined forces with Vodafone Romania to integrate the mobile payment service, M-Pesa, into the Azimo i

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Regalii, A Startup In NYC’s Washington Heights, Uncovers Where Immigrants’ Remittances Really Go

It’s not a converted industrial warehouse in Brooklyn. Or a stately, century-old building in the Flatiron. But YC-backed Regalii’s atypical office

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Terra connects mobile remittances to digital wallets

Terra, which dubs itself as a mobile-first international network for low-value remittances, launched Terra Connect, an API suite to enable mobile wa

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Public sector

From Russia with love - Remittances are a good thing, except when they stop

Debt crises, capital flight and corruption are all familiar problems for poor countries trying to finance their development. A bulwark, say some, is

14-01-2016
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Banks, The Caribbean Diaspora And Remittances

Imagine this! You, a partner or family member is working overseas. You have been sending money home to support an aging relative or to make a regula

12-01-2016
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Perché le rimesse dei migranti sono un vantaggio per l’Ue

Il trasferimento all’estero di denaro non significa anche mancanza di guadagno, a confermarlo sono i dati della Banca Mondiale Le rimesse dei migra

11-01-2016
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Sri Lanka worker remittances growth stagnant

Growth in Sri Lankan worker remittances, which has helped shore up the balance of payments, was virtually stagnant last year, raising concerns since

03-01-2016
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Shilling loses 0.5% despite record remittances

The shilling opened trading at 3,354/64 buying and selling respectively on average in the first trading session on Monday 28th December 2015. This w

28-12-2015
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Remittances from Kuwait 7th globally – SAUDI ARABIA TRANSFERED $138.4 BLN, TOPS GCC COUNTRIES – India top recipient

Official figures issued as part of the annual report of the World Bank revealed that Kuwait occupied third place among countries in the Gulf and cam

28-12-2015
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Outward remittance for September hits a record of $457 mn

The sharp jump in outward remittance of funds by individuals under the liberalised remittance scheme (LRS) continued for the third straight month an

15-12-2015
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Remittances key to economic development

Heads of economic associations in Lebanon emphasized the importance of contributions by Lebanese expats to the Lebanese economy at a news conference h

22-11-2015
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European and African leaders vow to cut cost of remittances

European and African leaders will this week pledge to slash the cost of remittances, resulting in potentially huge savings for migrants who collective

22-11-2015
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World Bank Surveys Confirm Concerns over Reduced Access to Banking Services

Two World Bank surveys confirm that large global banks are restricting or terminating relationships with other financial institutions and that banking

22-11-2015
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Remittances recover in September

The amount of cash sent home by Filipinos abroad recovered in September after registering its first decline in 12 years in August due to the weakeni

17-11-2015
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Ethiopia’s Diaspora Remittances Growing

The World Bank says remittance flows to Kenya and Ethiopia from the diaspora has significantly increased compared to the rest of Sub-Saharan Africa.

02-11-2015
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Civil society

2015 in review: how Europe reacted to the refugee crisis

This year will be remembered as the year in which an unprecedented number of arrivals of refugees and migrants lead to a crisis in the EU. This blog

04-01-2016
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Stranded Cuban migrants to be allowed passage to the US

Central American nations have reached an agreement to allow several thousand Cuban migrants stranded in Costa Rica for over a month to continue thei

28-12-2015
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International Migration at All-Time High

The number of international migrants is expected to surpass 250 million this year, an all-time high, as people search for economic opportunity. And,

28-12-2015
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Diaspora Finance Powers Global Development

Luis Lopez-Ramirez, a 30-year old Honduran immigrant, makes pizza. He has worked two jobs over 16 hours each day. He carefully saves his money and r

16-12-2015
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ACP-EU Migration Action looking for Migration and Remittances Experts

The ACP-EU Migration Action implements activities to promote the recommendations of the African, Caribbean and Pacific (ACP) - European Union (EU) D

19-11-2015
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Annual remittances for studies abroad near $500m mark

Over $300 million was sent as outward remittance in just five months (April-August 2015) India, the world's largest remittance recipient, is also w

17-11-2015
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Sending cash home: mobile money is a gamechanger

Remittances – money sent home by people working abroad – are hugely important in developing countries. In Burundi, they are vital. Two thirds of th

05-10-2015
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Remittances rebuilding homes-and hope

In a small village of Sindhupalchok district, Swarthok, about 50 kilometre east of Kathmandu, Jeeban Puri was busy constructing a temporary shelter fo

02-09-2015
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‘Zero Remittance Day’ a success, says migrant workers group

Migrante party-list, a group protecting the rights of overseas Filipino workers, has declared the success of Friday’s “Zero Remittance Day.” “We decl

02-09-2015
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First African conference on remittances and postal networks to be held in South Africa by IFAD

  Source by NewsHours Each year more than US$60 billion in remittances is sent to and within Africa but often at great expense. Finding ways to le

03-03-2015
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Global Weekly: Remittances are relatively stable and acyclical, Remittances continue to be stable when capital flows fall sharply, Large-scale recipients may be less prone to consumption volatility

Source GLOBAL MACROECONOMICS TEAM, 23-02-2015.Many developing countries rely heavily on remittances. At the household level, remittance flows help sup

25-02-2015
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Hashtag to U.S. Government: Sending Money Home Isn’t Terrorism.

#IFundFoodNotTerror is calling out punitive antiterrorism regulations that pressure banks to discontinue wire transfers to Somalia. Source: Takepart

13-02-2015
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GFRD2015 MEDIA

The key role of migrants and remittances in the UNSGSA 2015 Annual Report to the Secretary-General

  The key role of migrants, and the tremendous impact that remittances have on their families and communities back home, is well highlighted in the

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WorldRemit wins prestigious award issued by United Nations agency

Source: sfgate IFAD recognises “Best Practice in Remittances for Development.” IFAD, a United Nations agency, today recognised WorldRemit’s role in

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Why immigrants flock to Russia

Source: Gulfnews Russia is not often thought of as a country of immigration. Yet, the country’s enormous territory and shrinking indigenous populatio

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UN agency cites BSP’s financial education program for OFWs

Source: Gmanetword A specialized agency of the United Nations has cited the Bangko Sentral ng Pilipinas for providing overseas workers and their fami

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Azimo Raises $20 Million to Fuel its Global Growt

Source: fox8live Azimo, the London based digital money transfer service, announced today that it has raised an additional $20 million in financing. T

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Mandare i soldi a casa

Source: Radio3Mondo Oltre ad assicurare la sopravvivenza di milioni di persone in tutto il mondo, le rimesse presentano anche un potenziale immenso i

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Les transferts des migrants ne sont pas bien utilisés

Source: L' economiste DES marchés de transfert d’argent plus compétitifs aideront à une meilleure utilisation de l’argent qu’envoient les travailleur

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Travailleurs migrants en Europe : ce qu'ils envoient chez eux

Source: sen360 "Cette somme de 109,4 milliards de dollars américains a fourni une bouée de sauvetage à  plus de 150 millions de personnes à  travers

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Où va l'argent des travailleurs migrants européens ?

Source: Le Figaro INFOGRAPHIE - Les travailleurs immigrés en Europe ont transféré plus de 100 milliards de dollars en 2014, soit en moyenne 2000 eur

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Doseljenici poslali 109 milijardi dolara kući

Source: Al Jazeera Među zemljama u koje su migranti najviše slali novac su Ukrajina, Poljska i Rumunjska, ali i države Zapadnog Balkana. Doseljenici

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FIDA: Les marocains d’Espagne ont transféré 1,7 milliard de dollars vers le Maroc en 2014

Source: Lemag.ma Madrid : Les marocains sont la communauté étrangère en Espagne qui a envoyé le plus d’argent à son pays. Ils arrivent premiers devan

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EthicPhone, la première application de paiement mobile pour la diaspora africaine en France

L’expérimentation durera six mois et sauf grosse suprise, elle débouchera sur la création d’une application pour smartphone qui promet de bouleverser

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Development community

  • International Financial Institutions
  • Migration 4 Development

The International Fund for Agricultural Development (IFAD) is , a specialized agency of the United Nations, was established as an international financial institution in 1977 as one of the major outcomes of the 1974 World Food Conference. http://www.ifad.org 

The Consultative Group to Assist the Poor (CGAP) CGAP develops innovative solutions through practical research and active engagement with financial service providers, policy makers, and funders to enable approaches at scale. Housed at the World Bank. http://www.globalmigrationgroup.org

The World Bank is one of the world’s largest sources of funding and knowledge to support governments of member countries in their efforts to invest in schools and health centers, provide water and electricity, fight disease and protect the environment. http://www.worldbank.org/


The EU's executive body and represents the interests of Europe as a whole (as opposed to the interests of individual countries). http://ec.europa.eu/index_en.htm

The Multilateral Investment Fund (MIF), The Multilateral Investment Fund (MIF) supports economic growth and poverty reduction in Latin America and the Caribbean through the promotion of private investment and promoting private sector development. http://www.fomin.org

The Ministry of Foreign Affairs and Cooperation plans, directs, implements and assesses Spain's foreign policy and development cooperation policy, following the Government's guidelines and applying the principle of unity of external action. http://www.exteriores.gob.es/Portal/en/Ministerio/Paginas/inicio.aspx 

The Inter-American Development Bank (IDB) lends directly to Latin-American, Central America, South American and Caribbean countries for infrastructure and civil society projects. http://www.iadb.org/en/inter-american-development-bank,2837.html

The government consists of a president, with the title of Prime Minister and several members with the title of Minister. It may also include one or more members with the title of Minister or Secretary of State. https://www.gouvernement.lu/

KNOMADThe Global Knowledge Partnership on Migration and Development (KNOMAD) is envisaged to be a global hub of knowledge and policy expertise on migration and development issues.
http://www.knomad.org

 

GMGThe Global Migration Group (GMG) is an inter-agency group bringing together heads of 16 agencies for more coherent, comprehensive and better coordinated approaches to the issue of international migration. On the GMG website links to all individual agencies can be found.
http://www.globalmigrationgroup.org

 

JMDIThe Group of Twenty (G20) is the premier forum for its members’ international economic cooperation and decision-making. Its membership comprises 19 countries plus the European Union. Each G20 president invites several guest countries each year. https://www.g20.org/about_G20

 

GFMDThe Global Forum on Migration & Development in line with the September 2006 report from the UN-GA High Level Dialogue on Migration and Development (HLD) and the GFMD Operating Modalities endorsed in Brussels in 2007, the GFMD is a voluntary, informal, non-binding and government-led process open to all States Members and Observers of the United Nations, - See more at:  http://www.gfmd.org/process#sthash.UBcNZKgR.dpuf.

 

Global Forum 2015

International Day of Family Remittances

      About 250 million migrant workers live outside the country they call home. A significant majority of them send money home, ty

06-10-2015
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Exhibitors

International Development Bank We work to improve lives in Latin America and the Caribbean. Through financial and technical support for countries

17-05-2015
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Useful information

  Registration You may register to the GFRD2015 by clicking here. Registrations to the Forum are free of charge and open until May 22, 1

29-11-2014
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GFRD2015 agenda and resources

Agenda GFRD2015 Brochure Video of the International Day of Family Remittances   PUBLIC SECTOR DAY - 16 JUNE Sessi

26-11-2014
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About the GFRD2015

  The fifth Global Forum on Remittances and Development (GFRD), convened by IFAD, the World Bank and the European Commission, took place from 16 to

25-11-2014
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Expo Milano 2015 Participants

Expo Milano 2015 is a global event characterized by its nature of uniting many different voices, basing its success on the involvement of all the vari

24-06-2014
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About the Gateway

The RemittancesGateway portal is a one-stop shop providing the latest news, events, publications, information and statistical data from a broad range of institutions, partners and stakeholders on the subject of remittances, migration and development. The Gateway is a fully interactive website that targets industry, private and public sectors, civil society actors and the development community. Besides sharing information, the portal is a virtual forum for discussion among remittance experts and stakeholders, and an institutionally neutral platform for continuous dialogue.

Contacts

Remittances Gateway Team
Via Paolo di Dono, 44
email: remittances@ifad.org
tel. +39 0654592311

Quotes

"Deepen the range of financial services provided in rural areas"
J. Doe
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