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by: Dilip Ratha, Sanket Mohapatra, Caglar Ozden, Sonia Plaza, William Shaw, Abede Shimeles
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A joint effort led by the African Development Bank and the World
Bank, Leveraging Migration for Africa is the first comprehensive
publication on harnessing migration, remittances, and other diaspora
resources for the development of Africa. It comes at a time when
countries in Africa and elsewhere are grappling with difficult choices
on how to manage migration.
Policy makers can help leverage the contributions of migrants to the
development of Africa, reduce remittance costs, improve the efficiency
of remittance markets in both origin and destination countries, and
address the needs of the origin countries without restricting the
emigration of high-skilled professionals. Innovative financing
mechanisms such as issuance of diaspora bonds and securitization of
future remittance flows can help finance big-ticket projects, such as
railways, roads, power plants, and institutions of higher learning that
will, step by step, help to transform Africa. This volume contributes
to a greater understanding of migration and its potential role in
Africa’s development.
- Shipping Weight: 1.26 lbs (0.57 kgs)
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