Improve partnerships between Post and Money Transfer Operators for better remittance services to rural Africa

Improve partnerships between Post and Money Transfer Operators for better remittance services to rural Africa

June 22, 2016 - 10:08 -- mm4p.intern

Officially recorded remittances to developing countries amounted to US$431.6 billion in 2015, with the African continent alone receiving an impressive US$65 billion. The level of remittance dependency for many African states remains extremely high. In four African countries (Liberia, The Gambia, Comoros and Lesotho) remittances comprise around 20 per cent of their GDP, and in another 10 countries remittances are higher than 5 per cent of GDP.

On the occasion of the International Day of Family Remittances, June 16, UNCDF, the World Bank, IFAD, AND WSBI in their joint efforts to support Postal Operators in Africa to offer remittances and financial services, issue a call for the "improvement of partnerships between Post and Money Transfer Operators for better remittance services to rural Africa."

 

Publication and Practitioners Guides and Training Tools
African Postal Financial Services Initiative
Programme: 
Other
Practice Area: 
Inclusive Finance
Document Date: 
Jun 22, 2016
Document Download: 

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