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Remittances in the Great Lakes Region

image of Remittances in the Great Lakes Region

This study aims to provide insight into the advantages and disadvantages of existing transfer methods, governmental and non-state initiatives regarding remittances, and the obstacles and opportunities for harnessing the development impact of these financial flows. The introductory chapter presents a conceptual framework on remittances. The second, third and fourth chapters provide an analysis of the remittance dynamics of the DRC, Burundi and Rwanda.

English

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Introduction

In the last several years, migrant remittances have received an increasing amount of attention from policymakers. While in the beginning the focus was on the volume and methods of remitting, gradually attention has been shifting towards using remittances as a development tool for the communities and countries of origin. However, while certain regions are very well researched and are characterized by an institutional structure that harnesses remittance-oriented policies (e.g. Mexico, the Philippines, Senegal and Morocco), others are not. The Great Lakes region (in particular the Democratic Republic of Congo or DRC, Burundi and Rwanda) belong to the latter group. Furthermore a number of factors, such as an underdeveloped financial and governmental infrastructure, the unstable political environment, the lack of available research and reliable data, hinder the implementation of policies aimed at remittances.

English

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