This highly innovative project works to digitize migrant workers’ remittances both in Malaysia and in countries of origin through e-wallets (wallet-based mobile-enabled remittance system), thus providing remittance recipients access to additional financial services that meet their needs. It aims to link mobile-enabled remittances with digital financial services offered by third parties at the receiving end in Pakistan and Bangladesh.
Deepening financial inclusion and enhancing rural people’s resilience by providing low-cost, cross-border mobile money transfers across the Kenya-Uganda corridor, linked with savings, loans and other financial services, and by promoting entrepreneurship for migrant family investment.
The 2030 Agenda for Sustainable Development recognizes migration as a core development consideration — marking the first time that migration is explicitly integrated into the global development agenda. Implementation of the SDGs provides an opportunity to protect and empower mobile populations to fulfil their development potential and benefit individuals, communities and countries around the world. But the migration-SDG connections reach far beyond just implementing migration poli-cies, and entail integrating migration across governance sectors.
In Morocco, national consultations were held in September 2017 with civil society and diaspora representivatives, scholars and researchers, represensatives of the private sector and public institutions. These national consultations have enabled Morocco to come with a consolidated contribution to the Global Compact, the "Recommendations of the Kingdom of Morocco on the Global Compact for Safe, Orderly and Regular Migration."
The Somali AgriFood Fund is a seed capital investment matching fund, which targets the succesful Somali diaspora in the United States, Canada, European Union and Australia, matching their interest to invest with small and medium enterprises in agribusiness in Somalia on fishing, agriculture, food processing, packaging, cold storage facilities, and livestock.
Through the crowdfunding platform 'Babyloan Mali', established by IFAD, Malians living in Europe can invest in microentreprises or agro-business opportunities in the rural areas of Mali. Babyloan identifies good business plans for the development of microentreprises, and matches them with diaspora members and organizations in France keen to invest in their home country, through the intermediation of Malian microfinance institutions.
Knowledge of financial management and economic rights is important to ensuring the overall economic welfare of migrants and to maximizing the social benefits of remittances to a community.
The project on “Supporting Migrants and Potential Migrants from Egypt through Information” was launched in 2001 at the initiative of Egypt's Ministry of Manpower and Emigration (MME) and with the support of the International Organization for Migration (IOM).
The government of Ethiopia has recently launched the Ethiopian Diaspora Trust Fund (EDTF). www.ethiopiatrustfund.org
The Ministry of Malians Abroad has asked the EU ACP Action for Migration, implemented by the International Organization for Migration - IOM, to review the mechanisms that have been put in place since 2011 regarding remmittance and migration.
In particular, the mandate of this assistance was to review the mechanisms that relate, inter alia, to the following: