Impact of Remittances on Poverty & Financial Development in Sub-Saharan Africa

Feb 01, 2007 | S. Gupta, C. Pattillo, S. Wagh | IMF
This paper assesses the impact of the steadily growing remittance flows to sub-Saharan Africa (SSA). Though the region receives only a small portion of the total recorded remittances to developing countries, and the volume of aid flows to SSA swamps remittances, this paper finds that remittances, which are a stable, private transfer, have a direct poverty mitigating effect, and promote financial development.
Theme: Remittances, Financial Inclusion | Pages: 45