Migration, remittances and development.
Contributors: Organisation for Economic Co-operation and Development.
Series: The development dimension
Publisher: Organisation for Economic Co-operation and development
Published: 2005
Place of publication: Paris
Language: eng
Number of pages: 363
ISBN-13: 9789264013889
Subjects: Emigrant remittances -- OECD countries -- Congresses.; Migrant remittances -- OECD countries -- Congresses.; Infrastructure (Economics) -- OECD countries -- Finance -- Congresses.; Remesas de emigrantes -- Países de la OCDE -- Congresos; Remesas de migrantes -- Países de la OCDE -- Congresos; Infraestructura (Economia) -- Países de la OCDE -- Finanzas -- Congresos; Buitenlandse arbeiders.; Internationaal betalingsverkeer.; Sparen.; Remigratie.; Ontwikkelingssamenwerking.
Genres: Congresses.; Congresos
Description: This publication presents the current situation with regard to the magnitude and economic impact of migrants remittances to their countries of origin. In 2004, remittances exceeded official development aid in several emigration countries: they totalled USD 126 billion according to IMF estimates. The book surveys the channels used to collect these funds; the role of banking systems and other financial institutions; the introduction of new technologies and their impact on fund collection; how the funds are transferred; and how to reduce the costs. Focus is also placed on the different ways in which migrants themselves participate -- together with non-governmental organizations, host countries and sending countries -- to open up new avenues for policies on development aid and co-development. The direct role that migrants can play at the local level is highlighted. Several countries and regions are illustrated: Southern European countries, Mexico, Turkey, North African and sub-Saharan African countries, the Philippines and some Latin American countries.--Publisher summary
Notes: Proceedings of an international conference (held in February 2005 in Marrakech) on Migration, Remittances and Economic Development of Sending Countries.

Includes bibliographical references.

Available both in print and online.
Table of contents: value: pt. 1. Financial flows generated by emigration and their impact on regional development; value: pt. 2. Remittances and financial infrastructure : challenges and prospects; value: pt. 3. Macroeconomic impact of remittances; value: pt. 4. Recent initiatives to channel remittances towards development; value: pt. 5. Remittances and promotion of development : some proposals.