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Bilateral Remittance Corridor Analysis (BRCA)

Objectives

 

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The Financial Market Integrity Unit (FPDFI) has launched a series of studies called Bilateral Remittance Corridor Analysis (BRCA), to expand existing knowledge on workers’ remittances to developing countries, with a view to developing best   practices on options to protect the integrity of remittance markets and improve efficiency and transparency of transfer channels for remittance flows.

 

The analysis of remittance corridors is an effort to gain new knowledge in order to better understand the size and nature of remittance flows, the incentives that influence remittance senders and recipients to use the available mechanisms, policies by regulators on emerging new players such as money transfer operators, and implications of compliance with standards on anti-money laundering and terrorist financing.  These studies also provide new information useful to regulators in their efforts to leverage on remittances towards improving access of remittance senders and receivers to financial products.  It has been found that each remittance corridor has different characteristics, and such information provide the basis for specific policy choices to authorities that best meet local conditions, while also complying with international AML/CFT standards.

 

Publications

 

The UK-Nigeria Remittance Corridor
The U.S.-Guatemala Remittance Corridor
The Netherlands-Morocco Remittance Corridor
The Netherlands-Suriname Remittance Corridor
The Germany-Seriba Remittance Corridor
The Italy-Albania Remittance Corridor
The Canada-Vietnam Remittance Corridor
The U.S.-Mexico Remittance Corridor
 

 

Other Remittance Publications

Bilateral Remittance Corridor Analysis Research Guidelines  (Document Under Consultation)

 

General principles for international remittance services, January 2006, CPSS and World Bank (FrenchSpanish)

 
Remittance Service Providers in the United States: How remittance firms operate and how they perceive their business environment, May 2006, Ole E. Andreassen
 
Workers’ Remittances to Developing Countries: A Survey with Central Banks on Selected Public Policy Issues, 2005
 
"A Proposed Framework to Analyze Informal Funds Transfer Systems", Chapter 13. Remittances: Development Impact and Future Prospects. 2005
 
Informal Funds Transfer Systems: Lessons from the Policy Dialogue and Bilateral Case Studies on Shifting to the Formal Systems, September 2004. Map
 
Informal Funds Transfer Systems in the APEC Region: Initial Findings and a Framework for Further Analysis, September 2003
 
Informal Funds Transfer Systems:  An Analysis of the Informal Hawala System, March 2003.    Contents, Overview, Main Text, Appendix, Bibliography
 
The Money Exchange Dealers of Kabul: A Study of the Hawala System in Afghanistan, August 2003. Samuel Munzele Maimbo



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