Senegal

The Investment Code determines the eligible projects and the conditions of access and accreditation formalities and tax benefits, for national people, foreign people and the diaspora.

The project seeks to increase the number of remittance recipients with access to financial services and promote small and medium sized businesses. The project is focused on the extension of the Universal Postal Union (UPU) international electronic remittance service to rural postal offices and on the establishment of a link between remittances and postal account-based services. It also fosters support postal offices to develop partnerships with non-postal financial service providers such as banks and credit unions.

The African Postal Financial Services initiative is a joint regional programme launched by the International Fund for Agricultural Development (IFAD) and the European Commission in collaboration with the World Bank, the Universal Postal Union (UPU) – a specialized United Nations agency for the postal sector, the World Savings Banks Institute/European Savings Banks Group (WSBI/ESBG) and the United Nations Capital Development Fund (UNCDF).

The project was implemented within the framework of the Dialogue on Mediterranean Transit Migration (MTM) by ICMPD and IOM between July 2011 and September 2014. The overall objective of the project was to enhance the institutional capacities of national authorities charged with migration and development to better harness the contributions of their diaspora communities.

IOM's MIDA program, launched in 2001 and operating in eleven African countries, supports the short or longer term (or virtual) return of expatriate skills to key sectors. In each country, a multi-sectoral MIDA Steering Committee is set up, with the aim of greater coherence within the governments. The networks of participants strengthen interactions between origin and destination countries, which may stimulate further returns and development projects involving diaspora and/or the productive use of remittances.

The Migration Dialogue for West Africa or MIDWA was designed as a platform to encourage the Member States of the Economic Community of West African States (ECOWAS) to discuss, in a regional context, such common migration issues and concerns for which immediate solutions may not be forthcoming at a national level. Its objective is to promote and ensure high quality cooperation among ECOWAS Member States, third countries and other international consultative forums on Free Movement and migration by:

The Economic Community Of West African States (ECOWAS) is a regional group of fifteen countries, founded in 1975. Its mission is to promote economic integration in "all fields of economic activity, particularly industry, transport, telecommunications, energy, agriculture, natural resources, commerce, monetary and financial questions, social and cultural matters .....".

ECOWAS has introduced the ECOWAS Passport and APEC has put in place an APEC-visa for certain categories of people to facilitate their movement in these groupings' member States. 

The SenExpertise program contains a database of highly skilled Senegalese residing in France who desire to offer their expertise to Senegalese institutions (administration, programs, etc). The program finances short missions that help to build capacities of Senegalese institutions or organizations. This program is financed under the French migration agreement.

'Strengthening African and Middle Eastern Diaspora Policy through South-South Exchange' (AMEDIP) is a project of the International Centre for Migration Policy Development (ICMPD), developed and implemented within the framework of the Dialogue on Mediterranean Transit Migration (MTM). More specifically, AMEDIP builds directly upon the previous MTM initiative 'Linking Emigrant Communities for More Development - Inventory of Institutional Capacities and Practices', implemented by ICMPD and IOM in the period 2009 - 2010.

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.