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Global Remittances Working Group

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Global Remittances Working Group
The World Bank leads the GLOBAL REMITTANCES WORKING GROUP (GRWG) to coordinate at international level the work on remittances. More including group structure>>


5X5 Objective
The 5x5 objective aims to reduce the global average costs of transferring remittances from the present 10% to 5% in 5 years.

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New FinCen statement on providing banking services to money services businesses

Blue arrowReport on the Remittance Agenda of the G20.

Blue arrowBarriers to Access to Payment Systems and Proposed Solutions.

Blue arrow"Channelling Cash Migrants' money could be put to better use"

Blue arrowWe need to fix the leaks in remittance transfer systems around the world by Massimo Cirasino

Blue arrowGuidance Report for the Implementation of the CPSS-World Bank General Principles for International Remittance Services

Blue arrow2011 G20 Cannes Summit Development Working Group Report.  Full Text

Blue arrowThe G20 Seoul Summit Leaders’ Declaration. November 11-12, 2010
Full Text

Blue arrowThe 7 Recommendations on "Remittances".  Full Text




Improving data collection, standardization of migration and remittances questionnaires & modules in household surveys and censuses, collaboration with other institutional efforts to improve data on migration. 
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Migration & Development 
Interconnections with migration and development and policy.
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Payment & Market Infrastructure
Implementation of the General Principles for International Remittances Services, monitoring of remittance costs, facilitating cross-border small-value payments and cost reduction, clarification of AML-CFT regulation, regional payment systems, and More Info >>


Access to Finance
Remittance-linked financial products and access to finance including services and incentives to create greater outreach, housing loans, loans for small business investments and consumer loans, savings products, insurance products.
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Last updated: 2009-11-04

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