Remittances for Development phase II
Contribution ID : SE-0-SE-6-15318This website displays open data about Swedish aid, which shows when, to whom and for what purpose Swedish aid is paid out, as well as what results it has produced. This page contains information about one of the contributions financed with Swedish aid.
Remittance for Development II is a continuation of the Remittance for Development I that Sida, has supported since 2019. The aim of the program is to strengthen the capacity of the regulator to monitor accurate and meaningful data on remittances for evidence-based policy making; developing digital channels at the regional level for migrants to send and receive...
Read the full descriptionMore about the contribution
Remittance for Development II is a continuation of the Remittance for Development I that Sida, has supported since 2019. The aim of the program is to strengthen the capacity of the regulator to monitor accurate and meaningful data on remittances for evidence-based policy making; developing digital channels at the regional level for migrants to send and receive remittances with the capacity to link remittances with financial products designed to their needs. The program will be conducted through the following four workstreams: 1) Enabling Policy and Regulations, 2) Open Digital Payment Ecosystems, 3) Inclusive Innovation and 4) Empowered Customers. The program is being managed through the regional hubs hosted at Regional Economic Communities and Commissions (RECs) – ECCAS (based out of Gabon), ECOWAS (for WAEMU, based out of Senegal), IGAD (based out of Djbouti), and in addition senior staff and technical capacity to be hosted in Kenya, closer to African Institute of Remittances (AIR) and AfricaNenda HQ.
All activities related to the contribution are shown here. Click on an individual activity to see in-depth information.
Total aid 0 USD distributed on 0 activities
A list of all paid transactions for a specific contribution is presented here. Each payment can be traced to a specific activity. Negative amounts indicate that there has been a refund.
0 transactions
No transactions available for this contribution
0 contribution documents
Link to download |
---|
No contribution documents available for this contribution
Result
The Goal of the Programme is to contribute to regional harmonization of remittance policies and availability of affordable, accessible, reliable, and tailored digital remittances and financial products to female and male migrants towards their economic inclusion, financial resilience, and reduced inequality. Expected results of the Programme are as follows: 1. Regional Stakeholders: - Building on existing projects and engagements on migration and development, provided technical assistance and advocacy to the Secretariat of Regional Economic Communities (RECs) towards harmonization of mobilization of remittances flows. - Supporting RECs with the implementation of regional harmonization through the National Working Group on Remittance (NWG-R) in each Member State under the existing National Coordination Mechanism on Migration and Regional Steering Committee on Remittance (RSC-R). - Collaborate with regional technical institutions AfricaNenda, Pan Africa Payments and Settlements Systems (PAPPS), AU Statistics Commission and African Institute of Remittances with an aim to strengthen its regional and country capacity on remittance data and statistics, enabling laws and regulations and open digital payment ecosystem. 2.National Policy makers and Regulators: - Strengthened data capacity of the regulator to monitor accurate and meaningful data on remittances for evidence-based policy making. - Contribution towards regional harmonization of risk-based remittance policies and regulations. - Promotion and development of digital channels for migrants to send and receive remittances at cheaper transaction costs, improving the agent network and access points, and designing and testing migrant-centric and gender-smart financial products linked to remittances.
Swedish aid in numbers and reports
Do you want to read more about the results of Swedish aid?
Reports from the Expert Group for Aid Studies and Sida's strategy and corruption reports Sida's annual report (Swedish only)