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Remittances
News
Experts
tell banks to profit from remittances by Viet Kieu.
Domestic
banks and financial organizations should open branches abroad to
share profits accruing from money remitted into Vietnam which are
now monopolized by foreign operators, according to experts. VietNamNet
Bridge, January 20, 2005.
Latino
money transfer battle heats up.
It's never easy even for the U.S-born working poor to make
ends meet, but migrant workers often struggle with another
problem: finding businesses that won't take advantage of their
often illegal immigrant status, as well as their lack of
education. The Washington Times, January 10, 2005.
Competing
for remittances - US.
Money
transfer companies appeal to many immigrants, especially new
arrivals who do not have bank accounts in the United States, since
cash can be sent quickly to many locations. There is a lot of new
competition, a lot of niche players who have come in to serve this
market. Hispanic
Trending, December 19, 2004.
SMART
addresses AMLA fears over remittance service.
SMART
Communications Inc.’s latest service, "Smart Padala,"
is providing overseas Filipino workers (OFWs) with an innovative
way of remitting cash to their loved ones in the country. However,
it may also have opened a new channel for money laundering
activities. Computerworld, Philippines, December 6, 2004
RECENT PUBLICATIONS
Mobilization of
Remittances
through
Microfinance
Institutions.
Regional:
Bolivia, Colombia, Haiti, Nicaragua, and
Peru.
This document describes the
overall objective of a program aimed to improve the socioeconomic
status of clients of five MFIs in Bolivia, Colombia, Peru, Haiti,
and Nicaragua through the productive use of remittances they
receive from abroad. The purpose of the project is to efficiently
and sustainably expand the participation of senders and recipients
of remittances in the formal banking system. Inter-American
Development Bank Multilateral Investment Fund, November 2004.
The
Oaxaca-US Connection and Remittances. This study focuses on
the Oaxacan migration to the US. The state ranked 16th among
Mexican sending states according to INEGI (National Institute of
Geographic Statistics and Technology), which is a small percentage
of the overall flow of Mexican migrants estimates for the 2000
census. Pennsylvania State University.
By Jeffrey H. Cohen, January 2005.
Remittances
And The Informal Economy.
This powerpoint
presentation was prepared for the Seventh Plenary Session
on “Mobilizing Resources – New Mechanisms”, Financing
Development Colloquium, Gold Coast Convention Centre, Queensland. The
University of Queensland, School of Economics Faculty of Business,
Economics and Law. By
Richard P.C. Brown, August 2004.
Remittances:
The Perpetual Migration Machine.
This article dissects the remittance activity in the developing
world. Families in
developing nations send their best and brightest members abroad to
find jobs and send money home. World Policy Journal.
By Michele Wucker. Summer 2004.
The
Role of Social Capital in the Remittance Decisions of Mexican
Migrants from 1969 to 2000.
This paper analyzes the role that different types of social
capital play in the remittances decisions of Mexican migrants.
The Federal Reserve Bank of Atlanta.
By Kasey Q. Maggard, November 2004.
EVENTS
Past:
World Bank and CPSS Task Force on General Principles
on International Remittances. Brazil, January 25-26, 2005.oandreassen@worldbank.org
International
Technical Meeting on Measuring Migrant Remittances.
The purpose of this meeting was to agree on a work program to
improve data on migrant remittances, in response to emerging data
needs relating to international development policy issues.
Organized jointly by the Development Data Group of the World Bank
and the Statistics Department of the International Monetary Fund,
January 24-25, 2005.
Sending
Money Home. This seminar presented
an analyses of the remittance market between the United States and
the Dominican Republic. Sponsored by the Multilateral Investment
Fund - Inter-American Development Bank, Columbia University, NY,
November 23, 2004.
Payments
in the Americas. This conference
focused on the burgeoning remittance market and the policy
objective of facilitating electronic payments and reducing costs
to consumers. Hosted by the Federal Reserve Bank of Atlanta,
Atlanta, October 7–8, 2004.
NEWSLETTER
Migrant Remittances Newsletter Vol. 1, No. 2.
An AMAP Window on Migrant Remittances—Quarterly Newsletter. AMAP is
funded by the U.S Agency for International Development.
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