The Market for Remittance Services in Southern Africa
Remittances are an important source of income for households in the Southern African Development Community (SADC), as well as a crucial source of foreign exchange for countries in the region. Despite the relatively large inflows of remittances to S...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/986021536640899843/The-Market-for-Remittance-Services-in-Southern-Africa http://hdl.handle.net/10986/30473 |
| Summary: | Remittances are an important source of
income for households in the Southern African Development
Community (SADC), as well as a crucial source of foreign
exchange for countries in the region. Despite the relatively
large inflows of remittances to SADC, the cost of sending
money to and within the region is significantly higher than
other regions in the world. To address the high cost of
remittances globally, the World Bank has been involved in a
number of initiatives aimed at improving the efficiency and
safety of the market for remittances. At the regional level,
the SADC Committee of Central Bank Governors (CCBG) has led
several initiatives aimed at enhancing the regional payment
system infrastructure, also with a focus on reducing the
cost of remittances within the region. |
|---|