njuguna ndung ’ u : the methodology of collection, compilation and analysis of international remittances statistics remarks by professor njuguna ndung ’ u, governor of the central bank of kenya, at the regional course on “ the methodology of collection, compilation and analysis of international remittances statistics ”, nairobi, 17 november 2014. * * * dr. sehliselo mpofu, director, macroeconomic management programme – mefmi ; distinguished facilitators and mefmi staff ; delegates ; ladies and gentlemen : it is a privilege for me to join you on this important occasion of the official opening of this regional course on “ methodology for collection, compilation and analysis of international remittances statistics ”. allow me from the onset, to extend a cordial welcome to you all on behalf of the government of kenya. we are indeed honoured and happy to host this important activity here in nairobi, kenya. i would like also to extend a very special welcome to the delegation from mefmi. we are honoured to host one of your capacity building events this year. as always this has attracted a high level of interest and attendance, an indication of the perceived need to bridge the existing capacity gaps in the compilation of remittances statistics. let me also thank the distinguished resource persons, dr. emmanuel kumah, who was formally of the imf statistics department, and mr. moris mpofu from the reserve bank of zimbabwe for accepting to bring their expertise to this course. i am confident that their vast knowledge will enable them to share experiences in this critical policy area and contribute immensely to the enhancement of skills in the mefmi region. as you are all aware, international remittances have grown to become significantly important in providing foreign exchange and financing. they, particularly, support millions of poor recipients. we cannot therefore afford to ignore the quality of data for such an important contributor to economic growth and development. until recently, unlike other countries with significant numbers in the diaspora, we in africa have paid little attention to the role of remittances in our development thinking. this must now change. there is increasing awareness of the importance of these remittances due to the fact that, unlike other financial flows, remittances mostly go directly to households, either for investment or consumption smoothing. therefore, they have important poverty alleviation benefits. the critical questions are therefore how much of this money is coming into

. most recently, the flooding in pakistan, a member of our constituency, has created an unprecedented humanitarian catastrophe, a major health crisis, with initial damage assessed at 10 - 15 percent of gdp. we have to recognize and collectively address the existing highly inequitable system, where countries with negligible carbon footprints bear the burden of negative externalities of climate change. i stop here. thank you chair international monetary and financial committee the imfc deputies meeting tuesday, september 20, 2022, statement by mr. mouatassem boudiaf deputy governor bank of algeria on behalf of islamic republic of afghanistan, algeria, ghana, islamic republic of iran, libya, morocco, pakistan, and tunisia session 2 md ’ s global policy agenda thank you, chair. i will be brief. we welcome the managing director ’ s gpa, which we believe is balanced and well focused. we particularly welcome and strongly support the gpa ’ s emphasis on “ acting together and acting now ” to alleviate the immediate hardship due to successive years of global crises, and to build resilience for addressing future shocks. food insecurity and debt distress are two key challenges facing the developing countries where a global collaborative approach is most urgently needed. it is also important to recognize that the current geopolitical fragmentation will likely have major longer term implications for the global economy and lasting impact on global trade, including energy, and supply chains, for which we have to prepare. we welcome the fund ’ s readiness to enhance and adapt its lending toolkit to address not only the immediate financing needs related to the two overlapping crises, but equally importantly, the future crises that could not be easily anticipated. in this connection, we welcome the establishment of the rst and urge members with strong external positions to meet its funding requirements, including through additional pledges to channel sdrs and bilateral contributions. we would like to stress at this juncture that the rst was created to help members finance long - term structural changes to build resilience to different shocks, with climate change being the main one but not the only one. finally, at the risk of repeating what i said in the previous session, i would like to underscore the gpa ’ s increased emphasis on climate change, recognizing and addressing the existing inequity in burden sharing between small and large emitters. it is also important to recognize that there are different paths leading to the same objective of saving the planet that we all share. i end it with