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.

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