Migrant Remittances Newsletter Vol. 5 No. 3
Global flows continue a steady pattern of growth as record-keeping of these transfers by central banks improves. One important development to monitor as the year goes on is the role of governments in seeking to leverage the flows through development policy initiatives. The G8 countries have demonstrated commitment to remittances, and bilateral cooperation is also being manifested through various alternatives. The new U.S. Agency for International Development (USAID) Diaspora Networks Alliance initiative is the latest effort in international donor cooperation to connect diasporas and their economic activities with their home countries. Our research note discusses the role of remittances in situations of natural disasters, and the guest article discusses some experiences with cost-reduction programs motivated by government initiatives in migrant origin and destination countries. The country profile looks at remittances to Kenya, one of the major recipients of remittances to Africa.
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