Establishment of the World Diaspora Fund (WDF)

Tuesday, 04 May 2010 10:10

Source: www.diasporafund.org

The World Diaspora Fund (WDF) has been launched on Wednesday, March 31st at 6:30 pm in Geneva at the headquarters of the International Organization for Migration(www.iom.int), as an international cooperative of migrants involved in the development of their countries of origin.

Read more: Establishment of the World Diaspora Fund (WDF)

FFR projects in the news: "JN, IDB sign off on project targeting rural communities"

Monday, 12 April 2010 11:11

The following project was selected through the Financing Facility for Remittances and executed by FFR donor IDB:

Source: Jamaica Observer

THE Jamaica National Building Society (JNBS) Foundation and the Multilateral Investment Fund of the Inter-American Development Bank (IDB-MIF) have signed an agreement to implement an Information Technology (IT) project that will enhance the provision of financial services to rural communities.

Read more: FFR projects in the news: "JN, IDB sign off on project targeting rural communities"

Mexican Congress Approves Resolution Denouncing U.S. States Imposing Remittance Taxes

Friday, 09 April 2010 00:14

Source: BusinessWire

The Mexican House of Representatives today unanimously passed a resolution denouncing U.S. states that impose remittance taxes, or are currently considering such legislation, and calling upon the Mexican government to take trade measures against those states. Such trade measures would be imposed in states like Oklahoma and Kansas as a way to respond and retaliate against this category of tax laws.

Read more: Mexican Congress Approves Resolution Denouncing U.S. States Imposing Remittance Taxes

Channelling remittances flow key challenge for Pakistan

Thursday, 08 April 2010 14:44

Source: The News International

Channeling the flow of remittances towards the long-term investment remains a key challenge for Pakistan, which will contribute towards sustained growth in the real-sector and guide the economy away from the consumption-led growth, according to a recent report issued by the Asian Development Bank (ADB).

Several key measures that have been seen across the developing world have also been considered for the country.

Read more: Channelling remittances flow key challenge for Pakistan

Senegal Worried About Growing 'Brain Drain'

Tuesday, 06 April 2010 11:42

Source: Voice of America

IOM says Senegal is losing some of brightest, most highly skilled people as more professionals go abroad in search of better working, economic conditions

The International Organization for Migration says Senegal is losing some of its brightest, most highly skilled people as more professionals go abroad in search of better working and economic conditions.  The IOM says the Senegalese government is worried about this growing "brain drain." 

Read more: Senegal Worried About Growing 'Brain Drain'

Microfinance can play key role in Haiti's reconstruction

Tuesday, 30 March 2010 14:34

Source: Reuters
By: Anastasia Moloney

Lending small amounts of money to Haitians can help kick-start the local economy and play a vital role in rebuilding the hundreds of thousands of businesses and homes destroyed by the Jan. 12 earthquake, the Inter-American Bank of Development (IDB) says.

While international aid agencies focus mainly on providing shelter, healthcare and food, major lenders like the IDB say microfinance institutions can enable quake survivors to recover their losses and get back on track, especially in rural Haiti.

Read more: Microfinance can play key role in Haiti's reconstruction