Knowledge

This diagnostic provides an assessment of Kenya’s remittance market, especially in light of the COVID-19 pandemic, using a market-oriented approach. 

Since its inception in 2006, IFAD’s Financing Facility for Remittances (FFR), has produced a large number of publications and information material with global outreach. This pamphlet aims to provide the reader with a quick overview of each, with a link to the dedicated webpage.

This diagnostic provides an assessment of Uganda’s remittance market, with special reference to factors related to the COVID-19 pandemic, based on a market-oriented approach. 

The Senegal diagnostic provides an evaluation of remittance market into Senegal, under a supply-based approach. 

This report provides an assessment of the remittances market in Morocco.

The diagnostic covers key focus areas of Ethiopia’s formal remittance market, including the impact of the parallel foreign exchange market on remittances.

 

This study provides food for thought for operators wishing to tailor their financial tools to the needs and expectations of the diaspora while stimulating the interest of public actors.

IFAD research shows that Mali’s diaspora want to invest in businesses within the agricultural sector, and specifically in businesses owned by members of the diaspora and their relatives.

This diagnostic provides an assessment of Cabo Verde’s remittance market, which contributes over 15 per cent to the country’s GDP.

Remittances sent by migrant workers to and within Africa were over US$85 billion in 2018, of which US$25 billion were sent by migrants residing in Europe.

This report examines the factors that have contributed to the resilience of remittances during the pandemic.

This feasibility study explains the role of remittances in agricultural risk management.

This set of three working papers explores ways to maximize the impact of remittances delivered through post offices.

This manual discusses the strategy, lessons learned and recommendations of Atikha in scaling up initiatives in mobilizing migrant resources towards agriculture development in the country. 

This report presents the highlights and key outcomes of the first country-led Global Forum on Remittances, Investment and Development, hosted by Bank Negara Malaysia in collaboration with IFAD and the World Bank Group.

​RemitSCOPE, a new website portal, is designed to provide data, analyses and remittancemarket1 profiles on individual countries or areas. In coordination with the Global Forum on Remittances, Investment and Development 2018, RemitSCOPE is being launched to provide market profiles for 50 countries or areas in the Asia and the Pacific region.

The additional four regions will be included gradually: Africa, Latin America and the Caribbean, Europe, and Near East and the Caucasus. RemitSCOPE intends to address the fast-changing market realities in the remittance industry in order to help bring together the goals of remittance families, as clients, and the strategies of the private-sector service providers. RemitSCOPE is designed as a free, one-stop shop that is available to any organization or entity interested in accessing all relevant public information on remittances.  

In 2016, around 200 million migrants worldwide sent home an estimated US$ 445 billion to their families in developing countries. These remittances provide for basic necessities such as food, clothing and shelter that are essential to lifting millions of people out of poverty. The truly transformative potential of these funds, however, lies in their investment in education, healthcare and asset building. To meet these needs, the us$36 million multi-donor Financing Facility for Remittances (FFR) has been working since 2006 with the goal of increasing the development impact of remittances and enabling poor households to advance on the road to financial independence and rural transformation. The FFR is administered by IFAD, a specialized agency of the United Nations with the mandate to invest in rural people to eradicate poverty in developing countries.

This document reports on the remarkable achievements of the Financing Facility for Remittances (FFR) in its five years of operation. It provides an overview of the importance of remittances to development, the strategy that the Facility has adopted to date, and the lessons. 

The FFR Brief learned from the innovative projects it has financed. Looking forward, the report highlights the tremendous opportunities offered by large-scale distribution networks, adoption of new technologies, mobilization of migrant capital and partnering with the private sector. Each chapter has been designed to be readable as a stand-alone discussion of the specific topic area it addresses. As a number of projects resulted in lessons learned in multiple areas, projects may be mentioned more than once, and their impact in each topic area will be discussed separately.