EconPapers    
Economics at your fingertips  
 

Can Immigrant Remittances Support Development Finance?

Alex Julca ()
Additional contact information
Alex Julca: Development Policy and Analysis Division, United Nations Department of Economic and Social Affairs, New York, USA

Panoeconomicus, 2013, vol. 60, issue 3, 365-380

Abstract: Immigrant remittances are a significant source of income and finance for developing economies, representing about three times’ official development assistance and over half of foreign direct investment annually received. Major motivations to send remittances are for improving food, health, and education spending of families at home as well as for investing in entrepreneurial ventures. Economic policies to channel remittances into development finance should translate these motivations into measures to boost social investment and local and regional production, linking remittances policies to broader fiscal, financial and institutional policies. A national development bank can be a catalyser of public and private interests by supporting the scale up of remittances investment programmes and by building partnerships with regional and multilateral development institutions.

Keywords: Immigrant remittances; Development finance; Diasporas; Motivations (search for similar items in EconPapers)
JEL-codes: J15 F39 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.panoeconomicus.rs/casopis/2013_3/06%20Alex%20Julca.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:voj:journl:v:60:y:2013:i:3:p:365-380

Access Statistics for this article

Panoeconomicus is currently edited by Kosta Josifidis

More articles in Panoeconomicus from Savez ekonomista Vojvodine, Novi Sad, Serbia
Series data maintained by Ivana Horvat (). This e-mail address is bad, please contact .

 
Page updated 2017-09-29
Handle: RePEc:voj:journl:v:60:y:2013:i:3:p:365-380