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by: Emiko Todoroki, Matteo Vaccani, Wameek Noor
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Price: $20.00 *Geographic discounts available!
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World Bank Working Papers 163
English; Paperback; 196 pages; 7x10
Published April 30, 2009 by World Bank
ISBN: 978-0-8213-7919-6; SKU: 17919
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Several economies in the Caribbean region, especially from the
lower-income group, are highly dependent on remittances. Between 1991
and 2006, the combined flows of total remittances reaching the
Caribbean have averaged almost 17 percent annual growth, surpassing
US$6 billion in 2005 and overtaking the region’s total ODA and
FDI inflows. In addition, remittances represent more than 20 percent of
the domestic gross domestic product (GDP) in some Caribbean countries
and have played a significant role in lessening both balance of payment
deficits and the impact of natural disasters to which the region is
particularly vulnerable.
This study undertakes an analysis of the various dynamics underlying
the Canada-Caribbean remittance corridor, including Caribbean migration
issues and diaspora dynamics, remittance market landscapes, and
regulatory frameworks. The study is intended to assist Canadian and
Caribbean national authorities to sustain the continued growth and
competitiveness of their remittance industries, while protecting them
abuse by criminals.
The study particularly emphasizes continued policy improvements in
each country’s regulatory framework to improve financial sector
development and to enhance poverty reduction.
- Shipping Weight: 0.78 lbs (0.35 kgs)
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