Remittances

Cross-Border Remittances Study 2016

The World Bank estimates that in 2016 remittances from migrant workers to developing countries will be worth USD 440 billion. More than twice that of foreign aid. Remittances play a critical role in supporting the welfare for many individuals and households in developing countries. Moreover, remittances can contribute to economic growth, with research indicating that it can have a greater impact than ODA and FDI.…

The South Africa-SADC remittance channel

A recent study on remittances flowing from SADC countries outside of South Africa to South Africa, managed by Cenfri commissioned by FinMark Trust and conducted by DNA Economics finds: An estimated 3.3m migrant workers from other SADC countries in South Africa, sending around R11.2 billion rand home each year; R7.6 bn of which is estimated to flow through informal channels such as sending cash with a bus or…

So near yet so far? Zimbabwe remittance study (2010)

Cenfri, on behalf of the FinMark Trust,conducted a study concerning the remittance of funds to Zimbabwe. The study culminated in a short note that assesses the suitability of the 90-day casual worker's permit issued to Zimbabweans as a tool for financial inclusion with a focus on the remittance of funds to Zimbabwe. By virtue of this assessment, the study also: Compares requirements across the different banks…

Zimbabwe Remittance Corridor (July 2009)

This study, undertaken by Saul Kerzner, was commissioned by the Centre for Financial Regulation and Inclusion (Cenfri), on behalf of the FinMark Trust, to sketch a picture of the remittances landscape in the Johannesburg-Zimbabwe corridor. The aim was to build an understanding of the dynamics of remittances sent to Zimbabwe and the drivers of change, and to gauge the scope for and barriers to the…

Zambia: The Landscape of remittances (2008)

This Cenfri research project conducted for the Finmark Trust Zambia, provides an overview of the remittances landscape in Zambia considering the trends, opportunities and challenges. The purpose of this document is to provide a basis for debate amongst industry, regulators and other interested parties and identify areas for future research. The findings are based on desktop research, consultations with industry and government representatives as well as informal street-level interviews…

Reviewing the regulatory framework for money transfers in South Africa (2010)

As economic hub of the region, South Africa attracts a large number of migrant workers from neighbouring countries, many of them without the necessary documentation and work permits. Regardless of their status, migrants send money home to families that are often dependent on these remittances for survival. Though the majority of South Africans are now banked, the SADC cross-border remittances economy remains largely informal. Informal…

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Remittances

Cross-Border Remittances Study 2016

The World Bank estimates that in 2016 remittances from migrant workers to developing countries will be worth USD 440 billion. More than twice that of foreign aid. Remittances play a critical role in supporting the welfare for many individuals and households in developing countries. Moreover, remittances can contribute to economic growth, with research indicating that it can have a greater impact than ODA and FDI.…

The South Africa-SADC remittance channel

A recent study on remittances flowing from SADC countries outside of South Africa to South Africa, managed by Cenfri commissioned by FinMark Trust and conducted by DNA Economics finds: An estimated 3.3m migrant workers from other SADC countries in South Africa, sending around R11.2 billion rand home each year; R7.6 bn of which is estimated to flow through informal channels such as sending cash with a bus or…

So near yet so far? Zimbabwe remittance study (2010)

Cenfri, on behalf of the FinMark Trust,conducted a study concerning the remittance of funds to Zimbabwe. The study culminated in a short note that assesses the suitability of the 90-day casual worker's permit issued to Zimbabweans as a tool for financial inclusion with a focus on the remittance of funds to Zimbabwe. By virtue of this assessment, the study also: Compares requirements across the different banks…

Zimbabwe Remittance Corridor (July 2009)

This study, undertaken by Saul Kerzner, was commissioned by the Centre for Financial Regulation and Inclusion (Cenfri), on behalf of the FinMark Trust, to sketch a picture of the remittances landscape in the Johannesburg-Zimbabwe corridor. The aim was to build an understanding of the dynamics of remittances sent to Zimbabwe and the drivers of change, and to gauge the scope for and barriers to the…

Zambia: The Landscape of remittances (2008)

This Cenfri research project conducted for the Finmark Trust Zambia, provides an overview of the remittances landscape in Zambia considering the trends, opportunities and challenges. The purpose of this document is to provide a basis for debate amongst industry, regulators and other interested parties and identify areas for future research. The findings are based on desktop research, consultations with industry and government representatives as well as informal street-level interviews…

Reviewing the regulatory framework for money transfers in South Africa (2010)

As economic hub of the region, South Africa attracts a large number of migrant workers from neighbouring countries, many of them without the necessary documentation and work permits. Regardless of their status, migrants send money home to families that are often dependent on these remittances for survival. Though the majority of South Africans are now banked, the SADC cross-border remittances economy remains largely informal. Informal…

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