The Germany-Serbia Remittance Corridor
Subtitle: Challenges of Establishing a Formal Money Transfer System (World Bank Working Papers)
Publisher: World Bank Publications
Published: May 31, 2006
Language: eng
Format: Paperback
Number of pages: 66
ISBN-13: 9780821366585
Subjects: Banking; Business & Economics; Business / Economics / Finance; Business/Economics; Serbia; Development - Business Development; Finance; International - Economics; Emigrant remittances; Foreign exchange; Germany; Serbia and Montenegro
First sentence: It is estimated that in 2004 Serbia received US$2.4 billion dollars in remittances sent by Serbs working overseas, particularly in Germany, the United States, Austria, Switzerland, and Italy.
Description: "This report provides an overview of remittance flows from Germany to Serbia and analyzes why a large part of remittance transfers take place outside financial institutions. The study presents a series of recommendations on needed policy changes to facilitate the transfer of remittance flows from the informal channels to licensed or registered financial institutions, thereby maximizing the development impact of remittances, reducing remittances fees, improving data collection practices, and strengthening the regulation and supervision of the money transfer industry."--BOOK JACKET.