What are the best practices for managing remittances and diaspora contributions for development?

由人工智能和领英社区提供技术支持

Remittances and diaspora contributions are vital sources of income and investment for many developing countries. They can support poverty reduction, human capital development, entrepreneurship, and social protection. However, they also pose challenges such as volatility, dependency, brain drain, and governance issues. How can policymakers and practitioners leverage the potential of remittances and diaspora contributions for development? Here are some best practices to consider.

在这篇协作文章中查找专家回答

由社区从 2 条内容中精选。了解更多

1 Align with national priorities

Remittances and diaspora contributions should be aligned with the national development goals and strategies of the recipient countries. This can help to ensure that they are used for productive and sustainable purposes, and that they complement rather than substitute other sources of funding. For example, some countries have established special funds or bonds to channel remittances and diaspora contributions to key sectors such as infrastructure, education, or health.

添加您的观点

S K Ahmed Raza

"Strategic MBA in International Management | Healthcare & Pharma | Medical Devices | Market Research Expert | Driving Global Growth & Innovation"
举报内容
Prioritize sectors: Identify key development areas such as infrastructure, education, healthcare, or agriculture that align with national goals. Channel resources: Direct remittances and diaspora contributions towards these sectors to maximize their impact. Collaborate with government: Work closely with government agencies to ensure that remittances and contributions are used effectively and efficiently.

已翻译

赞

2 Reduce costs and barriers

Remittances and diaspora contributions should be facilitated by reducing the costs and barriers associated with sending and receiving them. This can include improving the access, efficiency, and transparency of remittance service providers, promoting competition and innovation in the market, and enhancing the financial literacy and inclusion of remittance senders and recipients. For example, some countries have introduced digital platforms, mobile money, or blockchain technology to enable faster, cheaper, and more secure remittance transfers.

添加您的观点

S K Ahmed Raza

"Strategic MBA in International Management | Healthcare & Pharma | Medical Devices | Market Research Expert | Driving Global Growth & Innovation"
举报内容
Promote competitive markets: Encourage competition among remittance providers to reduce fees and improve services. Simplify regulations: Streamline regulatory processes to make it easier for individuals to send and receive remittances. Leverage technology: Utilize digital platforms and mobile money solutions to reduce transaction costs and expand access.

已翻译

赞

3 Strengthen partnerships and networks

Remittances and diaspora contributions should be supported by strengthening the partnerships and networks among the relevant stakeholders, such as governments, diaspora organizations, civil society, private sector, and international agencies. This can help to foster trust, coordination, and collaboration, and to leverage the resources, skills, and knowledge of the diaspora for development. For example, some countries have established diaspora councils, offices, or ministries to engage with and mobilize their diaspora communities.

添加您的观点

4 Promote social and cultural ties

Remittances and diaspora contributions should be accompanied by promoting the social and cultural ties between the diaspora and their countries of origin. This can help to maintain the identity, belonging, and solidarity of the diaspora, and to encourage their participation and contribution to the development of their home countries. For example, some countries have organized cultural events, festivals, or awards to celebrate and recognize the achievements and contributions of their diaspora.

添加您的观点

5 Monitor and evaluate impacts

Remittances and diaspora contributions should be monitored and evaluated for their impacts on the development outcomes and challenges of the recipient countries. This can help to assess the effectiveness, efficiency, and sustainability of the policies and practices related to remittances and diaspora contributions, and to identify the gaps, opportunities, and lessons learned for improvement. For example, some countries have conducted surveys, studies, or audits to measure and analyze the flows, uses, and effects of remittances and diaspora contributions.

添加您的观点

6 Adapt to changing contexts

Remittances and diaspora contributions should be adapted to the changing contexts and needs of the recipient countries and the diaspora. This can help to respond to the emerging trends, opportunities, and risks related to migration, development, and globalization, and to ensure that remittances and diaspora contributions remain relevant, responsive, and resilient. For example, some countries have adjusted their policies and practices to cope with the impacts of the COVID-19 pandemic on remittances and diaspora contributions.

添加您的观点

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

添加您的观点

International Economics

+ 关注

给文章评分

我们借助人工智能创建了此文章。您认为这篇文章怎么样？

很棒不太好

举报此文章

查看全部

What are the best practices for managing remittances and diaspora contributions for development?

1

2

3

4

5

6

7

1 Align with national priorities

2 Reduce costs and barriers

3 Strengthen partnerships and networks

4 Promote social and cultural ties

5 Monitor and evaluate impacts

6 Adapt to changing contexts

7 Here’s what else to consider

International Economics

给文章评分

感谢您的反馈

更多International Economics相关文章

更多相关阅读内容