By Emiko Todoroki
Numerous economies within the Caribbean zone, in particular from the lower-income staff, are hugely depending on remittances. among 1991 and 2006, the mixed flows of overall remittances attaining the Caribbean have averaged nearly 17 percentage annual progress, surpassing US$6 billion in 2005 and overtaking the region’s overall ODA and FDI inflows. furthermore, remittances symbolize greater than 20 percentage of the household gross family product (GDP) in a few Caribbean nations and feature performed an important function in lessening either stability of cost deficits and the impression of usual failures to which the sector is very weak.
This learn undertakes an research of a number of the dynamics underlying the Canada-Caribbean remittance hall, together with Caribbean migration matters and diaspora dynamics, remittance marketplace landscapes, and regulatory frameworks. The research is meant to help Canadian and Caribbean nationwide gurus to maintain the ongoing development and competitiveness in their remittance industries, whereas holding them abuse via criminals.
The learn rather emphasizes persisted coverage advancements in every one country’s regulatory framework to enhance monetary zone improvement and to reinforce poverty aid.
Read Online or Download The Canada-Caribbean Remittance Corridor: Fostering Formal Remittances to Haiti and Jamaica through Effective Regulation (World Bank Working Papers) PDF
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