Remittances and Diaspora Resources

Since its inception, KNOMAD has spearheaded research and advocacy on harnessing remittances and other resources for the development of origin countries. More recently, KNOMAD prepared the background brief for the preparatory sessions of the GCM, and many of the recommendations of the paper are included in the GCM objectives 19 (create conditions for migrants and diasporas to fully contribute to sustainable development in all ocuntries) and objective 20 (Promote faster, safer and cheaper transfer of remittances and foster financial inclusion of migrants).


On remittances, this Thematic Working Group will continue its work on:

  • Reducing remittance costs through research analysis and evidence base of the remittance prices, interoperability, opening of markets and new technologies (SDG 10.c.1 reducing remittance costs)
  • Inform country and regional strategies on regulations impacting remittances (taxes, AML/CFT) based on data and research. This will serve as inputs for the proposed country-level migration diagnostics
  • Examine the use of regulatory sandboxes for reducing the cost of remittances for unserved populations (women, youth, refugees and migrants)
  • Convene a dialogue involving financial service providers, governments, international organizations and humanitarian organizations on how law and regulations can be adapted to enable safe and effective development of fintech and remittance channels

The diaspora of developing countries can contribute to development in their countries of origin by increasing trade and investment, providing market information and matching / referral services, improving access to technology, making remittances for health, education and infrastructure projects, supporting philanthropic activities, and providing access to capital markets (such as through diaspora bonds). While some countries have devoted resources to fostering contacts with their diaspora, for many sending countries the diaspora remains a resource that is largely untapped.  Policies that could help enhance benefits from the diaspora include providing dual citizenship and voting rights, working with overseas diaspora organizations to improve contacts with origin communities, easing restrictions on foreigners’ economic activities (including land ownership) for diaspora members, and providing information (and perhaps subsidies) to facilitate return. 


Going forward this thematic working group will:

  • Facilitate the mobilization of remittance and diaspora resources for development efforts including diaspora bonds. A key output could be the production of diaspora profiles of up to 50 countries as a global public good, for use by all stakeholders, especially, for the issuance of diaspora bonds 
  • Undertake feasibility studies for relevant pilot projects, such as remittance-backed bond financing for SME or infrastructure funding
  • Engage local authorities, local communities, the private sector, diasporas, hometown associations and migrant organizations to promote knowledge and skills transfer between their countries of origin and countries of destination, not limiting to mapping the diasporas and their skills, as a means of maintaining and enhancing links between diasporas. This will be done on a demand-basis by national governments
  • Engage the diaspora of conflict-affected countries and facilitate knowledge exchange on activities, support to home country, remittances and investment opportunities
  • Facilitate the engagement of the diaspora to support entrepreneurship (through venture capital funds, start-ups, incubators, and accelerators in both host and home countries)
     
Dilip Ratha
World Bank

Chair

Sonia Plaza
World Bank

Co-chair

Other

October 16, 2017, Washington DC

Side event

October 13, 2017, Washinton DC

Other

July , 2017, N/A

Workshop

February 12, 2016, Washington DC

Other

October 22, 2015, Washington DC

Seminar

May 14, 2015, Washington DC

Seminar

February 5, 2014, Washington DC

Migration and Development Brief

2019

Migration and Development Brief

2018

Migration and Development Brief

2018

Migration and Development Brief

April 2017

Migration and Development Brief

2017

Policy brief

Ana María Ibáñez, Andrés Moya, Kirsten Schuettler

2017

Working paper

Supriyo De, Ergys Isamaj, M. Ayhan Kose, S. Reza Yousefi

March 2016

Migration and Development Brief

Dilip Ratha, Supriyo De, Sonia Plaza, Kirsten Schuettler, William Shaw, Hanspeter Wyss, Soonhwa Yi

2016

Migration and Remittances Factbook

Dilip Ratha, Sonia Plaza, Ervin Dervisevic

2016

Synthesis Note

Ana Maria Ibáñez and Kirsten Schuettler

2016

Migration and Development Brief

Dilip Ratha, Supriyo De, Ervin Dervisevic, Sonia Plaza, Kirsten Schuettler, William Shaw, Hanspeter Wyss, Soonhwa Yi, Seyed Reza Yousefi

2015

Migration and Development Brief

Dilip Ratha, Supriyo De, Sonia Plaza, Kirsten Schuettler, William Shaw, Hanspeter Wyss, Soonhwa Yi, Seyed Reza Yousefi

2015

Migration and Development Brief

Dilip Ratha, Supriyo De, Ervin Dervisevic, Christian Eigen-Zucchi, Sonia Plaza, Hanspeter Wyss, Soonhwa Yi, Seyed Reza Yousefi.

2014

Migration and Development Brief

Dilip Ratha, Supriyo De, Ervin Dervisevic, Christian Eigen-Zucchi, Sonia Plaza, Kirsten Schuettler, Hanspeter Wyss, Soonhwa Yi, Seyed Reza Yousefi

2014

Migration and Development Brief

Gemechu Ayana Aga, Christian Eigen-Zucchi, Sonia Plaza, Ani Rudra Silwal, Dilip Ratha 

2013

Migration and Development Brief

Dilip Ratha, Christian Eigen-Zucchi, Sonia Plaza, Hanspeter Wyss, Soonhwa Yi.

2013

Migration and Development Brief

Dilip Ratha, Ani Silwal

2012

Migration and Development Brief

Dilip Ratha, Gemechu Ayana Aga, Ani Silwal

2012

Study

Sonia Plaza, Mario Navarrete, Dilip Ratha

          

2011

Migration and Remittances Factbook

Ani Silwal, Dilip Ratha, Sanket Mohapatra

2011

Study

Human Sciences Research Council

2011

Migration and Development Brief

Dilip Ratha, Sanket Mohapatra

2011

Migration and Development Brief

Nils Clotteau, José Ansón1

2011

Migration and Development Brief

Sanket Mohapatra, Dilip Ratha, Ani Silwal

2011

Migration and Development Brief

Sanket Mohapatra, Dilip Ratha, Ani Silwal1

2011

Study

Sonia Plaza, Mario Navarrete, Dilip Ratha

          

2011

Study

World Bank Consortium pour la Recherche Economique et Sociale

2011

Migration and Development Brief

Dilip Ratha, Sanket Mohapatra, Ani Silwal

2010

Migration and Development Brief

Sanket Mohapatra, Dilip Ratha, Ani Silwal

2010

Study

World Bank Human Sciences Research Council

2009

Migration and Development Brief

Dilip Ratha, Sanket Mohapatra, Ani Silwal

2009

Study

Sonia Plaza, Mario Navarrete, Dilip Ratha

          

2009

Migration and Development Brief

Dilip Ratha, Sanket Mohapatra, Ani Silwal

2009

Study

Sonia Plaza, Mario Navarrete, Dilip Ratha

          

2009

Study

Sonia Plaza, Mario Navarrete, Dilip Ratha

          

2009

Study

The World Bank, DECPG, Africa Migration Project

2009

Sonia Plaza, Mario Navarrete, Dilip Ratha

          

          

2009

Study

World Bank Consortium pour la Recherche Economique et Sociale

2009

Study

Sonia Plaza, Mario Navarrete, Dilip Ratha

2009

Study

Consortium pour la Recherche Economique et Social (CRES)

2009

Migration and Development Brief

Dilip Ratha, Sanket Mohapatra

2009

Report

Suhas Ketkar, Dilip Ratha

2008

Migration and Development Brief

Andrew Burns, Sanket Mohapatra

2008

Migration and Development Brief

Dilip Ratha, Sanket Mohapatra, K. M. Vijayalakshmi, Zhimei Xu

2008

Migration and Development Brief

Neil G. Ruiz

2008

Migration and Development Brief

Neil G. Ruiz, Dovelyn Rannveig Agunias

2008

Migration and Development Brief

Dilip Ratha, Sanket Mohapatra, Zhimei Xu

2008

Migration and Development Brief

Dilip Ratha, Sanket Mohapatra, K. M. Vijayalakshmi, Zhimei Xu

2007

Migration and Development Brief

Dilip Ratha, Irena Omelaniuk, Sanket Mohapatra 

2006

Migration and Development Brief

2006

Report

Munzele Maimbo, Dilip Ratha

2005