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The Impact of Financial Inclusion and Financial Sector Development on Formal Remittances

19 January 2017
Remittance is an important economic resource. It is a catalyst of financial inclusion for it enables more users to access channels to financial services. Frequent access to financial services can help users save, invest, and plan their financial future. This in turn, can foster economic…

Using Technology to Increase Returns to Labor and Remittances

19 January 2017
Technology can be used in several ways to improve the remittance process. It can be used to decrease costs by using systems that make the remittance process more efficient. It can be used to save time through remote registration. It can also be tapped to encourage use of formal banking services,…

Promoting Low-cost Formal Remittance Channels and Financial Literacy

19 January 2017
Many factors affect remittance cost. These include level of competition, payment system infrastructure, and the regulatory frameworks. Financial literacy helps people choose which remittance option can work for them.

Remittances: Experiences & Lessons from the AFI Network

18 January 2017
Remittances have become an important souce of foreign funds for many countries. It has also helped reduce poverty and improve access to health and education. Globally, India is the largest remittance-receiving country, with an estimated $69 billion in 2015. It is followed by the People's Republic…

Promoting Low-cost Formal Remittance Channels and Financial Literacy

18 January 2017
In the Philippines, remittances have become very important, given the increasing number of overseas Filipino workers (OFW) and the amount they regularly send back to the country. In 2015, official data show that they sent $25.6 million cash remittances, which is about 10% of the country's gross…

Cross-border Remittances: Promoting Low-cost Remittance Channels

18 January 2017
Remittances have become larger than official development assistance. They are also more stable than capital flows. This presentation shares the top recipients of remittances worldwide and the trends in international remiitances costs. It also discusses the challenges experienced by some countries…

Remittance in Asia: Key Issues and Policy Challenges

18 January 2017
Remittances play an important role in many economies. They are the main source of foreign exchange in many developing countries. They have also become an important and fairly stable source of income for many families. To maximize the benefits of remittances, countries should be able to update and…
Organizer: Human and Social Development Sector Office

Economics of Insurance: Understanding the Value Creation

8 December 2016
According to a World Bank study in 2006, insurance and economic growth have a causal relationship. As economies expand, more businesses will seek insurance to manage their exposure to risk. To stimulate economic growth, availability and use of insurance should also be encouraged. This study shares…

Digital Revolutions in Taxation

2 December 2016
Digitalization has vast potential for tax policy and revenue administration. Increased access to information, enhanced digital systems, and greater processing capabilities will allow for reductions in the cost of tax collection and compliance and lead to new tax policy options. Based on the latest…

Trust Funds as a Tool to Protect the Water Source Areas: A Case Study in Longwu, Zhejiang Province

25 November 2016
The Shanshui trust fund, Hangzhou’s Longwu reservoir water source protection project, is a public trust project to protect and manage the environment of small drinking water source. It is supported by the Wanxiang Trust–China Nature Conservancy Public Trust. The project use the trust structure to…