The International Network of Congolese Abroad (Réseau International des Congolais de l'Exterieur - RICE), is an association that gathers the Congolese diapora in France.
In October 2013 it launched a call for a business plan of €50,000 to finance local projects orthe creation of enterprises to the benefit of entrepreneurs from DRC, Gabon and the Republic of Congo.
Remittances from migrants are a major source of financing for the economies of developing countries and of the recipient populations. They are of great benefit to large segments of the population which, without these resources, would live in conditions of abject poverty. Consequently, remittance flows tend to remain stable even when the migrants’ countries of residence are beset by economic and financial crisis. They seem to be less volatile than official development assistance and foreign direct investment.
The overall objective of the project is to strengthen Georgia’s capacities to harness the development potential of its Mobility Partnership (MP) for the benefit of migrants, the sending and receiving country. This shall be achieved by means of activities in four components:
The German money transfer site (www.geldtransfair.de), shows current rates charged by MTOs and financial institutions, as a transparent way of informing and helping diaspora select cost effective transfer modes.
This objective is to make diaspora investment and remittances more productive and effective and to connect western markets and emerging markets.
The Diaspora Business Centre is a one stop shop that combines business and social interests, paired with professional know-how by diaspora experts.
Their activities entail the following:
The Sending Money Home web site is a price comparison service for sending remittances from Norway.
In order to assist the Government in financing development, Financial Bonds have been offered targetting the Diaspora. The Ministry of Finance has been working with the Bank of Ghana to reduce the cost of remittances while enhancing its use for investment (as opposed to mainly for consumption). Currently, there is a World Bank project being coordinated by the Ministry of Finance and Economic Planning looking at remittances in Ghana.
The Customs Division of the Ghana Revenue Authority (GRA) grants tax incentives to diaspora, including through lower customs duties and fees, reduction in income tax rates, lower tariffs on equipment for investment, and tax deductions on charitable goods.
Find multiple currency exchange providers using our free comparative service which will enable you to find who is offering the best rate of exchange.
The State Secretariat for Economic Affairs SECO published this brochure, as a contribute to greater transparency among the various operators and services on the Swiss market. In addition, in promoting private sector development in transition and developing countries, it is helping to create attractive savings and investment opportunities on site. This encourages recipients to use the money not only for spending but also, and increasingly, for productive investments, thereby contributing to growth and job creation in their own country.