Remittances in ACP Countries: Key Challenges and Ways Forward
Regions: Africa • Americas • Asia
Client: International Organization for Migration
The ACP Countries: Key Challenges and Ways Forward” report provides nine possible ways forward to tackle difficulties African, Caribbean and Pacific (ACP) countries face today in relation to remittances.
ACP countries present some of the highest remittance dependency ratios in the world and despite multiple efforts and international commitments, challenges still remain. Costs of sending remittances are high, and there are many obstacles to access affordable formal remittance channels.
The project was completed in partnership with IOM, through the ACP EU Migration Action, an initiative launched by the ACP Secretariat and funded by the European Union (EU).