Increasing Competition and Reducing Fees Can Help Harness Remittances for Economic Development
Category: IMPACT
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.
By Amini Kajunju, ContributorDirector of Strategic Partnerships, Africa Integras, 2014-06-24