Remittances: Development Impact and Future Prospects
Re-mit-tance n. 1. The sending of money to someone at a distance. 2. The sum of money sent. New research shows the astonishing scope of remittances, with formally documented flows now estimated at US$90 billion for 2003. Globally, remittances now constitute the largest source of financial flows to developing countries after foreign direct investment (FDI). Indeed, in many countries they now exceed FDI flows. Remittances: Development Impact and Future Prospects 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. The book 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. Edited by Samuel Munzele Maimbo, who has already published authoritative articles on this subject, and Dilip Ratha, who first revealed the global significance of remittances, this book is intended for remittance service providers, as well as policy makers and researchers interested in financial sector, migration and development issues.
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الصفحة 225 - Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA Patriot Act) was enacted on October 26, 2001.
الصفحة 279 - Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland. Italy, Luxembourg, the Netherlands, Norway. Poland, Portugal, the Slovak Republic, Spain, Sweden. Switzerland. Turkey and the United Kingdom.
الصفحة 247 - Each country should take measures to ensure that persons or legal entities, including agents, that provide a service for the transmission of money or value, including transmission through an informal money or value transfer system or network, should be licensed or registered and subject to all the FATE Recommendations that apply to banks and non-bank financial institutions. Each country should ensure that persons or legal entities that carry out this service illegally are subject to administrative,...
الصفحة 44 - Gini index Measures the extent to which the distribution of income (or consumption) among individuals or households within a country deviates from a perfectly equal distribution.
الصفحة 19 - I have updated the estimates for the G7 — Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States — through 1995 in earlier work.
الصفحة 49 - Accounting and Investor Protection Issues Raised by Enron and Other Public Companies: Oversight of the Accounting Profession. Audit Quality and Independence, and Formulation of Accounting Principles (February 26, 2002), page 5 (emphasis added).
الصفحة 287 - Latin America and the Caribbean, and the Middle East and North Africa growth in 1990-2000 exceeded that in the previous decade but declined in 2001.
الصفحة 47 - The Impact of Eastern Enlargement on Employment and Wages in the EU Member States.
الصفحة 11 - Informal channels, however, can be subject to abuse. Strengthening the formal remittance infrastructure by offering the advantages of low cost, flexible hours, expanded reach, and language can induce a shift in flows from the informal to the formal sector. Both sender and recipient countries should support migrants' access to banking by providing them with identification tools.
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