Remittances are more than three times larger than the official development assistance (ODA) and exceed foreign direct investment (FDI). An estimated 445 billion USD in remittances was formally transferred to 144 receiving countries in 2016.
When does microfinance regulation help the institutions it covers, and when does it hinder them? This was the question put on the table at the start of the second day of the SPTF Annual Meeting held in Mexico City in June.
This article was contributed by Sahib Sharma, a Financial Journalist at Mint. The article discusses the impact of India's demonetization policy on the portfolio of small finance banks. The article was originally published on Livemint.com.
Did you know that an estimated USD 45 billion in remittances is saved each year. Much of the savings today is kept informally. There is a great opportunity for the private sector to invest in products and services that enable people to save through formal channels.
UNCDF research has shown that remittances are a high-volume driver for women's financial inclusion, especially when accessed through digital channels.
This study explores both formal and informal international remittance markets in Cambodia, Laos, Myanmar and Vietnam and identifies innovative solutions to cross-border payments and tailored financial products that advance women's financial inclusion.
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