Sending money home to Africa: Remittance markets, enabling environment and prospects
This new report on the African remittances marketplace is based on the results of a study commissioned by IFAD covering three aspects of:
- market competition
- regulatory environment, and
- financial access
The study covers regulatory issues and the competitive environment in 50 African countries representing 90 per cent of remittance flows to the region. Additionally, the report highlights the results of a survey of people within the geographical reach of microfinance institutions in 19 countries. These topics directly impact the ability to reduce remittance costs to Africa and the potential of these transfers to spur development.