Featured Article

Africa: most expensive place to send money in the world

At an estimated USD 66 billion in 2015, formal remittances to Africa are three times larger than overseas development assistance and more stable than most other sources of finance. Remittance flows have become one of the largest sources of external finance to African countries after foreign direct investment and are attracting increasing attention because of their rising volume and impact on the receiving countries. Yet, despite the ever-increasing attention on them as a potential development tool, sending money to Africa is more expensive than sending to any other region in the world.

by Marné Collins That we live in an interconnected world is nowadays accepted as fact. Every day, nations trade goods, and businesses and individuals send remittances across a multitude of borders...
Sending and receiving remittances with mobile money
Today is International Day of Family Remittances. To mark this day, we’ve invited GSMA to share their unique insights of the role of mobile money industry for remittances. ...
By Moin Siddiqi, Economist BOLIVIA has successfully pursued a comprehensive growth-enhancing and social justice agenda aimed at tackling poverty and inequality since 2006, when HE President Evo...