Remittances and Household Finances

Event: Forum on Promoting Remittances for Development Finance

Remittances and Household Finances

18 March 2015
Author / Speaker: 
Akira Murata, Japan International Cooperation Agency - Other materials by the author

View Slides

Households use remittances in different ways. In Mexico, for example, households have higher budget shares for investments, while in the Philippines, they allot higher funds for food. In terms of saving and accessing financial products, many households that receive remittances still need to be more financially capable. They can be helped in this area through financial education interventions.  Without these interventions, many households will continue to save money under mattresses and informal groups, never knowing that there are ways they can make their money grow. This presentation offers several innovative ideas on developing financial products to leverage household and community remittance investments.  

Geographical Focus: 
Type of Content: 
Learning Event


The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.