For many poor countries, remittances are a mainstay of their economies. Remittances serve to secure the livelihoods of those left at home and at the same time contribute to growth and development. Households can thus invest in education and small businesses, and women in rural areas can strengthen their independence.
Remittances are also a gateway to financial inclusion; they have already become much more important than development aid. With remittances savings can occur and can be reinvested in the local community; they can act as an engine for local development; and they can function as a buffer against instability at the macroeconomic level.
This guidance sheet is part of a series of tools developed to support SDC staff and partners in designing and implementing projects targeting the promotion of financial inclusion. This specific guidance sheet introduces the concept and key aspects of the financial inclusion of migrants (FIM). It provides guidance on the design, implementation, monitoring and evaluation of SDC project interventions improving FIM.
Cette étude de cas a été réalisée dans le cadre d’un mandat de la DDC durant lequel des étudiants en Master d’Universités suisses ont eu l’opportunité de réaliser leur mémoire de fin d’études sur un sujet lié au programme de développement du secteur financier de la DDC dans les pays en transition et en développement. Ce mandat, exécuté par Intercooperation, s’insérait dans les activités de contribution de la DDC à l’Année de la Microfinance 2005 des Nations Unies.
Avec la contribution de Valeria Rìos, Universidad Privada Boliviana
Village Capital with the support of its partners at the Impact-Linked Finance Fund, the Swiss Agency for Development and Cooperation and the Austrian Development Agency have launched the Catalyzing Financial Inclusion: Gender-Inclusive Fintech Solutions for Migrants report. This report shares insight on the financial inclusion obstacles disenfranchised migrant populations (especially women migrants) face in Saharan Africa, the Middle East and North Africa, and South and Southeast Asia – and highlights innovative, tech-driven solutions to these challenges.
