Leaving Transferred Money on the Table: Will Remittance-Linked Financial Products Add Value to Development Financing?

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For centuries migrant workers who send money home to their families have been a major source of inflows for developing countries. However, it is only in the past few decades that we have been able to put a number to these remittances. In some extreme cases, nearly a third of a country’s GDP comes from remittances. As a result, much has been written about the potential of harnessing these remittance flows for development purposes.

ILO's IIF Annual Report 2016

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The ILO’s Impact Insurance Facility's Annual Report 2016 highlights their achievements over the past year. In 2016, the Facility started eleven innovation projects in sub-Saharan Africa – projects that are pushing the frontier by testing new ways for insurance to live up to its development potential. These projects are supported by a batch of Impact Insurance Fellows who are responsible for assisting their host companies in project implementation and documenting the emerging lessons and experiences.

8th Consultative Forum Briefing Note: Challenges and opportunities presented by alternative distribution channels

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The 8th Consultative Forum which took place in San José, Costa Rica on December 1, 2016 brought together high-ranking representatives from Latin American and Caribbean insurance supervisory authorities and the industry to discuss “Challenges and opportunities presented by alternative distribution channels”.

This Forum Briefing Note provides a summary of the key takeaways from the event and outlines recommendations for action for the industry and regulators.

Achieving the Sustainable Development Goals: The Role of Financial Inclusion

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On 25 September 2015, the United Nations General Assembly adopted the 2030 Agenda for Sustainable Development, along with a new set of development goals that are collectively called the Sustainable Development Goals (SDGs). These comprise an ambitious 17 total goals. While the SDGs do not explicitly target financial inclusion, greater access to financial services is a key enabler for many of them. By reviewing the research on the link between financial inclusion and development, this working paper shows where and how financial services can help achieve the SDGs.

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