Joint checking account offered by the Moroccan Banque Populaire for the migrants' families

Submitted by Ms. Laurence BRON on

Banks can play a stronger role in keeping transfer fees low for migrants through the creation of special services with features that aid migrant’s remittance transfers. An example of such services are the joint checking accounts offered by the Moroccan Banque Populaire. Through their own branches and agreements with banks in European countries, migrants in Europe can make deposits into the account which can then be accessed by family members in Morocco. 

Swedish programme to Promote Foreign Entrepreneurship

Submitted by Mr. Dário Muhamudo on

In Sweden, a three-year programme to promote entrepreneurship among people with a foreign background was initiated in 2008 by the Ministry of Enterprise, Energy and Communications and implemented by the Swedish Agency for Economic and Regional growth (NUTEK). It includes specific measures to increase banks’ awareness of the needs of migrant business owners in order to facilitate the extension of loans to those clients.

Dual Training and University Placement Program

Submitted by Mr. Dário Muhamudo on

The Dual Training and University Program is based on the active cooperation of the Private Sector and the universities in Mauritius. In this collaboration, the university and private sector representatives sit together and assess the future job needs. This close collaboration allows for gradutes to have higher possibilities of finding a job after finishing university.

Global Mapping Study: Engaging with the Private Sector on International Migration

Submitted by Mr. Dário Muhamudo on

Commissioned by the GFMD, the mapping study was carried out by the Hague Process on Refugee and Migration with assistance of International Organisation of Employers (IOE), the World Economic Forum (WEF), the Council for Global Immigration and other contributing partners in order to gather information on how to deepen and diversify GFMD engagement with targeted business sectors including construction; mining and extractives, recruitment, insurance, financial services, and others.

Envoi d'argent Website

Submitted by Mr. Dário Muhamudo on

This website offers both comparison of remittance costs on 26 corridors from France, and editorial space for diaspora to communicate on their activities and exchange ideas on the blog.

It has contributed to fostering competition between remittance operators through increased transparency and information. It is also widely used by diaspora members as a platform to share information. 

Research program: “Reducing the costs of migrant remittances to optimize their impact on development- financial tools and products for the Maghreb and Franc zone”

Submitted by Mr. Dário Muhamudo on

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.

Cooperation in the Vocational and Education Training (VET) Sector between Switzerland and India

Submitted by Mr. Dário Muhamudo on

The Swiss Federal Office for Vocational Training (OFFT) and the Switzerland-India Chamber of Commerce launched a pilot project for technical training based on the initial polymechanic vocational training provided by Swissmem in 2008. The certificate of "Multiple Skilled Production Technician" was awarded to the first 18 professionals who followed a two years training program in the industrial sector.

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