The FFR Brief: Five Years of Financing Remittances

This report discusses the achievements of the Financing Facility for Remittances (FFR) in its five years of operation. The report discusses the present FFR strategy, project achievements and lessons learnt, and the way forward for the following areas of intervention; i) Reducing the cost of remittances and related financial services; ii) Reaching rural areas and Broadening the geographical reach of financial services; iii) Empowering migrant workers through financial education; iv) Promoting Migrant investment and migrant entrepreneurship; and v) Adopting innovative approaches to gender issues. The report highlights the tremendous opportunities offered by large-scale distribution networks, adoption of new technologies, mobilization of migrant capital and partnering with the private sector.