Migration, Remittances, and the Financing of Development

Koffi Yves Yao and Auguste Konan Kouakou

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the essential role of migration and remittances in development across sub-Saharan Africa, with a particular focus on Côte d’Ivoire. It demonstrates that these financial flows help alleviate poverty and stabilise the economy in the short term while fostering long-term development through investments in human capital, entrepreneurship, and social protection. However, several challenges persist: excessive reliance on remittances may hinder local productivity, weaken exports, and increase import dependency. The paper recommends policies aimed at economic diversification, enhanced financial inclusion, reduced transfer costs, and better-coordinated migration policies to maximise the developmental benefits of remittances.

Keywords: Migration; Remittances; Financing of Development (search for similar items in EconPapers)
JEL-codes: F22 F24 O1 (search for similar items in EconPapers)
Date: 2025-02-13
New Economics Papers: this item is included in nep-fdg, nep-int and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:123655

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