In The Corridors Of Remittance
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In The Corridors Of Remittance
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Author : Abul Barkat
language : en
Publisher:
Release Date : 2014
In The Corridors Of Remittance written by Abul Barkat and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Emigrant remittances categories.
A study of the impact of migrant workers' remittance in the economy on the expenditure behaviour patterns of the recipients, and the challenges of proper management of financial services vis-à-vis the informal ways of the flow of remittance.
The Uk Nigeria Remittance Corridor
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Author : Raúl Hernández-Coss
language : en
Publisher: World Bank Publications
Release Date : 2007-01-01
The Uk Nigeria Remittance Corridor written by Raúl Hernández-Coss and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-01 with Social Science categories.
This study is the first research work on remittances conducted in Nigeria and reveals the actual state of its remittance market. The report describes how United Kingdom residents of Nigerian origin transfer remittances home and how the funds are distributed to their beneficiaries in Nigeria. The review presents the remittance industry conditions existing in the UKNigeria remittance corridor at the origination and distribution stages of the transactions, and the intermediaries who facilitate the transfers. The report makes conclusions and compares these main findings with lessons from other corridors. The UK-Nigeria remittance corridor has an equal dominance of formal and informal remittance intermediaries. Although several formal financial institutions for transferring money exist in the UK, many people choose to send money informally. More collaboration between the UK and Nigeria is necessary to develop the remittance market, to encourage the use of formal channels, and to enhance the development potential. Among its benefits, the remittance country partnership (RCP) between UK and Nigeria aims to reduce the cost of remittance transfers. The Nigerian government is engaging its diaspora to help spur economic growth. This report recommends that each government focus on improving data collection at its end of the corridor and do more research to provide its policymakers and its private sector with accurate information.
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Author : Isaku Endo
language : en
Publisher: World Bank Publications
Release Date : 2010-11-11
written by Isaku Endo and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-11 with Business & Economics categories.
This report, Remittance Corridors to Uganda: United Kingdom, United States, and South Africa, analyzes and compares three bilateral remittance corridors. The comparison highlights similarities and differences and the significance of the remittance-sending countries to Uganda in terms of volume, corridor formality, risks, and vulnerability to money laundering. It also describes Uganda as a remittance-receiving country and outlines the remittance flows, market players, distribution network, access and usage of remittance, regulatory framework, and measures taken toward anti-money laundering and combating financing of terrorism (AML/CFT). The issues and challenges faced by Uganda are identified and policy recommendations are made for both Uganda and remittance-sending countries.
Us Guatemala Remittance Corridor
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Author :
language : en
Publisher: World Bank Publications
Release Date : 2006-01-01
Us Guatemala Remittance Corridor written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with Social Science categories.
This study gives an overview of the intermediation of worker remittance flows from the United States to Guatemala. In contrast to other remittance corridors in the world, most transfers in this corridor are channeled in the United States through the formal sector, and distributed in Guatemala through the banking system. However, both senders and receivers have little access to financial products and services. This study argues that in a country characterized by high income inequality and low and concentrated access to credit, the large role played by domestic banks in distributing remittances seems promising in terms of creating a point of contact that could lead to cross-sales of other financial services. The report also argues that authorities have an important coordination and catalytic role to play, for increased efficiency in remittance intermediation, fostering competition, and ultimately highlighting the potential for greater access. The report concludes with specific avenues for further policy action in terms of transparency, regulatory environment, financial literacy and access, risk
The U S Mexico Remittance Corridor
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Author : Raúl Hernández-Coss
language : en
Publisher: World Bank Publications
Release Date : 2005
The U S Mexico Remittance Corridor written by Raúl Hernández-Coss and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
The experience of Mexican nationals who send money home from the United States forms the basis for this study. The authors identify three stages of the remittance process: the First Mile, when decisions are in the hands of the remittance sender; the Intermediary Stage, comprising systems that facilitate the cross-border transfer of funds; and the Last Mile, where the funds reach the hands of the remittance recipient. This analysis, covering the last eight years, may provide guidance for other remittance sending and receiving countries that seek to encourage formalization of the flow.
The U S Mexico Remittance Corridor
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Author : Raúl Hernández-Coss
language : en
Publisher: World Bank Publications
Release Date : 2005-01-01
The U S Mexico Remittance Corridor written by Raúl Hernández-Coss and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-01-01 with Business & Economics categories.
The experience of Mexican nationals who send money home from the United States forms the basis for this study. The authors identify three stages of the remittance process: the First Mile, when decisions are in the hands of the remittance sender; the Intermediary Stage, comprising systems that facilitate the cross-border transfer of funds; and the Last Mile, where the funds reach the hands of the remittance recipient. This analysis, covering the last eight years, may provide guidance for other remittance sending and receiving countries that seek to encourage formalization of the flow.
Uganda S Remittance Corridors From United Kingdom United States And South Africa
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Author : Isaku Endo
language : en
Publisher:
Release Date : 2011
Uganda S Remittance Corridors From United Kingdom United States And South Africa written by Isaku Endo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Emigrant remittances categories.
This report, Remittance Corridors to Uganda: United Kingdom, United States, and South Africa, analyzes and compares three bilateral remittance corridors. The comparison highlights similarities and differences and the significance of the remittance-sending countries to Uganda in terms of volume, corridor formality, risks, and vulnerability to money laundering. It also describes Uganda as a remittance-receiving country and outlines the remittance flows, market players, distribution network, access and usage of remittance, regulatory framework, and measures taken toward anti-money laundering and.
The Qatar Nepal Remittance Corridor
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Author : Isaku Endo
language : en
Publisher: World Bank Publications
Release Date : 2011-07-18
The Qatar Nepal Remittance Corridor written by Isaku Endo and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-18 with Business & Economics categories.
This report identifies challenges in the migration process from Nepal to Qatar (related to high migration costs and their financing) and constraints in the remittance transfer process from Qatar to Nepal, which together limit the development and poverty reduction impact of remittance flows to Nepali households. The report analyzes migration practices, remittance transfer processes, and their underlying legal and regulatory framework in the Qatar-Nepal Corridor in order to provide policy recommendations that would help improve the scale and impact of remittance transfers from Qatar to Nepal, and enhance the integrity of migration and remittances in the corridor. These recommendations are especially important given that although Nepalis constitute around a quarter of the migrant labor-force in Qatar, they send home only 7 percent of total remittance outflows from Qatar. This corridor has several distinctive features. First, the majority of remittance flows from Qatar to Nepal are being transferred through officially regulated remittance channels. One of the reasons for this is actually the second feature of this corridor, namely, the officially managed migration process from Nepal to Qatar (as a result of which the majority of migrants are documented workers). The third feature is the contrast between the high competition and low prices of remittance services in this corridor on the one hand, and the contradictory rules and high costs incurred during the migration process on the other hand. Finally, as a by-product of the complex migration process which involves multiple players, financial transfers through informal mechanisms take place from Nepal to Qatar in order to pay the commissions of manpower agencies and middlemen. In Chapter I, the process of migration from Nepal to Qatar is explained and analyzed. Chapter II looks at the remittance transfer process from Qatar to Nepal. Chapter III provides an overview of the legal and regulatory framework underpinning remittance transfers in both in Nepal and Qatar. Finally, Chapter IV summarizes the main findings, identifies the main challenges and provides policy recommendations on how to improve the efficiency of the migration and the scale and impact remittance transfers in the corridor.
The Malaysia Indonesia Remittance Corridor
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Author :
language : en
Publisher: World Bank Publications
Release Date : 2008-01-01
The Malaysia Indonesia Remittance Corridor written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-01-01 with Business & Economics categories.
In Malaysia, Indonesian migrants are showing an increasingly clear preference for informal transfer mechanisms compared to their counterparts in other countries. A little less than half of all Indonesian migrants overseas&—thought to be around 2 million&—are working in Malaysia. An increasing number of migrants are women, and the corridor is also marked by a high number of undocumented migrants. Despite the increasing flows of migrants, only about 10 percent of the estimated flow of remittances into Indonesia from Malaysia is transferred through the formal system. The extent of the preference fo.
The Canada Vietnam Remittance Corridor
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Author : Raúl Hernández-Coss
language : en
Publisher: World Bank Publications
Release Date : 2005-01-01
The Canada Vietnam Remittance Corridor written by Raúl Hernández-Coss and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-01-01 with Business & Economics categories.
Examining the experience of the Canada-Vietnam remittances corridor over the past several years, this title is a first step towards identifying the main features and pointing out some of the areas and issues that researchers and authorities should examine more closely.In contrast to the large size and advanced level of development of the U.S.-Mexico remittances corridor, examined in the first case study, the Canada-Vietnam corridor is small in absolute terms and still at a nascent stage of shifting from informal to formal systems.For purposes of discussion, 'The Canada-Vietnam Remittance Corridor' breaks down the remittance process into three stages: the First Mile, when decisions are in the hands of the remittance sender; the Intermediary Stage, comprising the systems that facilitate the cross-border transfer of funds, and; the Last Mile, where the funds reach the hands of the remittance recipient. By analyzing the objectives, obstacles, incentives, and changes occurring at each of these stages in the Canada-Vietnam corridor, lessons are drawn for other remittance sending and receiving countries that seek to encourage formalization of the flows.