Conference Paper

Leveraging remittances for development

Abstract: Migrant remittances have become a major source of external development finance. They can play an effective role in reducing poverty. And they provide a convenient angle for approaching the complex migration agenda. ; Remittances are personal flows from migrants to their friends and families and should not be taxed or directed to specific development uses. Instead, the development community should make remittance services cheaper and more convenient and indirectly leverage these flows to improve financial access of migrants, their beneficiaries, and the financial intermediaries in the origin countries.

Keywords: Emigration and immigration; Economic development; Developing countries; Emigrant remittances; International finance;

Status: Published in Migration, trade, and development: proceedings of the 2006 conference on migration, trade, and development

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Proceedings

Publication Date: 2006

Pages: 173-185