Leveraging Migration for Africa: Remittances Skills and Investments

Nonfiction, Social & Cultural Studies, Social Science, Cultural Studies, Emigration & Immigration
Cover of the book Leveraging Migration for Africa: Remittances Skills and Investments by Ratha, Dilip; Mohapatra, Sanket; Ozden, Caglar; Plaza, Sonia; Shaw, William; Shimeles, Abede, World Bank
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Author: Ratha, Dilip; Mohapatra, Sanket; Ozden, Caglar; Plaza, Sonia; Shaw, William; Shimeles, Abede ISBN: 9780821387184
Publisher: World Bank Publication: April 26, 2011
Imprint: Language: English
Author: Ratha, Dilip; Mohapatra, Sanket; Ozden, Caglar; Plaza, Sonia; Shaw, William; Shimeles, Abede
ISBN: 9780821387184
Publisher: World Bank
Publication: April 26, 2011
Imprint:
Language: English
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 reduceremittance 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.
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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 reduceremittance 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.

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