To promote faster, safer and cheaper transfer of remittances, including their productive use for sustainable development and well-being of migrant workers’ families | Capacity4dev

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Diagram

Remittances - Migration

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1. National road map for reducing transaction costs implemented

2. Obstacles to non-bank remittance service providers removed

3. Measures to combat illicit financial flows and money-laundering refined so as not to impede migrant remittances

4. Established conducive policy and regulatory frameworks that promote a competitive and innovative remittance market

5. Improved market access to diverse service providers

6. Increased transparency of channels and costs for remittance senders

7. Improved conditions for optimising the transformative impact of remittances on sustainable development of countries and communities

8. Increased use of formal and gender-responsive channels by migrants to send remittances

9. Digital Banks/Saving Accounts are increasingly used by migrants – women and men, and their families, including underserviced populations such as persons in rural reas, persons with low levels of literacy and persons with disabilities

10. Information on formal and informal remittances provided by a national robust data collection system

11. Enhanced security and predictability of low value transactions