This is the first blog in a series on forests and livelihoods.
Africa’s forests, landscapes, and ecosystems have many contributions to development. They contribute directly to the well-being and food security of poor people. According to the World Bank Forest Action Plan, the impact of forests on poverty is greatest in Africa, with forest-related income lifting 11% of rural households out of extreme poverty. Forests also supply critical raw materials needed to grow the economy, provide habitat to rich flora and fauna, regulate hydrology, and sequester carbon.
When I heard Aminata Bangura’s story, it sent a shiver through my spine.
The five-year-old recently lost both of her parents to the Ebola virus, and she is now going back to an empty home, not sure whether her extended family members will ever be as kind to her as her real parents, whether her playmates will ever play with her again or whether she will ever have the chance to go to school again.
The remittances sent home every year by the African Diaspora should create a doorway to still greater opportunities, and the key to this door is financial access. While remittances do impact the living standards of beneficiaries directly, the banks that pay out the remittances month after month should offer recipient families a basic financial package including savings accounts, payment services and small loans for microenterprise. This should facilitate growth from current levels of remittances saved and invested. Leveraging of remittances through financial inclusion is certain to increase their development potential.