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Remittances

Africans Responding To Crisis Through Remittances

Fatou Wurie | Posted 02.01.2017 | World
Fatou Wurie

In late 2010, the region of East Africa experienced one of its worst natural disasters, drought.

Entrepreneur's Corner: It Will All Work Out

Angela Schonberg | Posted 11.23.2016 | Business
Angela Schonberg

International Remittance Perseverance  If a family member is working in another country and needs to make a money transfer this transaction is kno...

Entrepreneur's Corner: It Will All Work Out

Angela Schonberg | Posted 11.20.2016 | Impact
Angela Schonberg

International Remittance Perseverance  If a family member is working in another country and needs to make a money transfer this transaction is known...

Latin American Migrants in Spain: Fintech Innovations are not Enough

FOMIN | Posted 10.11.2016 | Business
FOMIN

By Fermín Vivanco and Lukas Keller Fermín Vivanco has more than 20 years of experience working on inclusive finance. At the Multilateral Investm...

Can The Financial Industry Keep Up With Millennials (And Others)?

Edrizio De La Cruz | Posted 09.12.2016 | Technology
Edrizio De La Cruz

There's hardly a week that goes by without a fresh perspective on how millennials are changing -- if not disrupting -- a legacy industry. From where I sit -- as founder of a fintech company that has a large and diverse following (not just millennials) -- there are at least three reasons for this.

America Needs the Immigrants Trump Wants to Keep Out

Jim Moore | Posted 04.07.2017 | Politics
Jim Moore

Trump's policy--essentially international blackmail--threatens the Mexican government by turning off the southbound flow of tens of millions of American dollars that bolster local Mexican economies and help uncounted numbers of Mexican families survive.

The Real Cost and Impact of Remittances

Tomas Laurinavicius | Posted 03.29.2017 | Technology
Tomas Laurinavicius

Image credit: Picjumbo/Viktor Hanacek. Europe has more than 30 million migrants with the number increasing all the time. Migrants are making headline...

Money Sent by African Diasporans to Home Countries Help Pay for Education and Life Necessities

Amini Kajunju | Posted 12.21.2016 | Impact
Amini Kajunju

The remittances are making a significant impact on household spending and improved livelihoods of whole communities. Due to remittances to families, living expenses and emergencies are paid for making life easier in very difficult economic circumstances.

Ensuring That Migrants Can Migrate Safely

Laura Thompson | Posted 09.15.2016 | Impact
Laura Thompson

A major breakthrough in the new development agenda is that migration has been incorporated into mainstream global-development policy, rectifying the omission made 15 years earlier in the Millennium Development Goals (MDGs).

Bringing More Remittance Clients into the Financial Fold

FOMIN | Posted 07.13.2016 | Business
FOMIN

Remittances are a strong driver of financial inclusion in both sending and receiving countries. They can encourage and accelerate the adoption of new technologies, and offer opportunities to promote accumulation of savings on both the sending and the receiving ends.

Getting SmaRT About Reducing Remittances Costs

Gloria Grandolini | Posted 06.14.2016 | Impact
Gloria Grandolini

When a Moroccan fruit-seller closes his stand each evening at the Porta Palazzo market in Turin, Italy, he thinks about how much money he made that day, how much he can send to his family back in Morocco that week, how much it will cost to send that money, and how many Dirhams his family will receive.

Toward a Migration Development Bank for Transition Economies

Otaviano Canuto | Posted 06.02.2016 | World
Otaviano Canuto

Labor migration and remittances may bring positive economic effects to developing countries. This is the case particularly in countries like those in Eastern Europe and Former Soviet Union members where remittances constitute high shares of foreign-currency revenues and GDP.

How Hispanic Triangulation Can Help the US Innovate in Foreign Policy II

Josue Lopez Calderon | Posted 05.04.2016 | Politics
Josue Lopez Calderon

First, the U.S. must encourage more Hispanics to study and/or work in MENA while encouraging more Arab and Jewish Americans to do the same in LAC. Second, it should welcome more diversity in corporate boardrooms and empower more women.

Europe's Woes and the World's Poor

Marcelo Giugale | Posted 04.29.2015 | World
Marcelo Giugale

What does the sudden appreciation of the Swiss franc mean for the Eurozone? Will Russia's financial distress spill over to its neighbors? How those questions are answered will affect some of the world's richest countries -- the likes of France, Germany, and Italy. Usually ignored, it will also affect some of the poorest.

Migration for the Good

Monique Barbut | Posted 02.16.2015 | World
Monique Barbut

Have the migration debates erupting all over the world all missed a crucial point? Climate change is pulling the rug from under poor rural people's feet; destroying their natural resources and taking away their ability to decide their own fate.

A Lifeline at Risk

Raymond C. Offenheiser | Posted 08.26.2014 | Impact
Raymond C. Offenheiser

The remittance corridor to Somalia is uniquely stressed -- and uniquely important. At the moment, Somalia's remittance system is its life-support, its economic engine and the glue holding its communities together.

Increasing Competition and Reducing Fees Can Help Harness Remittances for Economic Development

Amini Kajunju | Posted 08.23.2014 | Impact
Amini Kajunju

While remittances to Africa are helping to reduce poverty in individual households in sub-Saharan Africa, panelists from top financial institutions and the African Diasporan community agreed that channeling remittances flows through collective investment schemes and other innovative approaches are necessary to maximize its impact for sustainable development.

Keep the Lifelines Open for Family-to-Family Support in Somalia

Barkhad Abdi | Posted 07.13.2014 | World
Barkhad Abdi

As Money Service Business accounts continue to be closed, the ultimate victims are the Somalis who rely on remittances from abroad.

Manuel Zelaya's Economy: The Other Side of the Coin

Marco Cáceres | Posted 01.23.2014 | World
Marco Cáceres

President Zelaya's heart may have been in the right place, but he wasn't governing; he was simply handing out cash that would eventually have to be paid back by a future government or force a future president to yet again travel around the world begging for forgiveness.

The Immigration Debate in the US Should Include Role of Remittances

Gabriel Sanchez Zinny | Posted 10.20.2013 | Latino Voices
Gabriel Sanchez Zinny

One of the most important dynamics relating to the large numbers of foreign immigrants that live and work in the United States has gotten relatively little attention - that is, remittances.

Philippines as the New ASEAN Growth Pole: Not Even Corruption Can Stop it

Richard Javad Heydarian | Posted 10.13.2013 | Business
Richard Javad Heydarian

Halfway into his six-year term, President Benigno Aquino III is facing a spate of major corruption scandals, which could potentially undermine his "good governance" initiative -- the policy that largely explains renewed global confidence in the Philippine economy in recent years.

Our Vietnamese Hearts: The Diaspora 38 Years Later

Andrew Lam | Posted 06.28.2013 | HuffPost Home
Andrew Lam

Mẹ Việt Nam ơi, Chúng Con Vẫn Còn đây (Oh Mother Vietnam, We Are Still Here) The lyrics from this sentimental song come back to me once in...

Changes to CFPB Guidelines on Remittances Keep Responsible Providers in the Game

Janis Bowdler | Posted 01.30.2013 | Business
Janis Bowdler

One of the first moves by the newly minted Consumer Financial Protection Bureau (CFPB) was to issue a rule implementing new protections for money sent to loved ones abroad, known as remittances.

Remittances and Immigration

Andrew Wainer | Posted 12.24.2012 | Latino Voices
Andrew Wainer

The international component of immigration policy -- both as the source of unauthorized immigrants and as recipients of immigrant remittances - is largely absent from discourse on immigration policy.

Your Wad Is My Bond: Are Diaspora Bonds Worth the Risk for Diaspora Africans?

Dele Meiji Fatunla | Posted 05.27.2012 | World
Dele Meiji Fatunla

Where remittances are often sent in response to family and community needs, diaspora bonds are a direct investment in the economy at the national level. Even though they are being explored for the first time by African governments, the idea of issuing diaspora bonds is not new.