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Remittances: a Reconstruction and Development Tool

Soheyla Mahmoudi's picture

 a reconstruction and development tool © Gates Foundation

In post conflict countries, those who have made it out of the country are keenly aware that the livelihoods of those left behind vitally depend on remittance transfers. While concerns have been expressed about the possibility that remittances may stoke conflict, the majority view is that Diaspora support from abroad can contribute to democracy. It has been clearly established that private remittances are of central importance for restoring stability by enhancing human security in strife-torn societies. As in much of Sub-Saharan Africa, due to the predominantly informal nature of remittance delivery mechanisms, the magnitude of remittances to the economies of these regions has been under-estimated.

Helping Mali Succeed

Phil Hay's picture
Makhtar Diop with Malien Finance Minister Tiéna Coulibaly

 

Here in Mali, as French and Malian troops pursue jihadist groups into the countryside along the country’s borders, the talk everywhere is of “la feuille de route,” a political roadmap that will take this Sahelian country from its triple crises of 2012 on a measured transition towards new elections and a lasting recovery.