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Pre-financing Migrant Remittance Flows in Support of Agricultural Development in Africa

Lamon Rutten () and Okey Oramah
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Okey Oramah: African Export-Import Bank

International Finance from University Library of Munich, Germany

Abstract: This paper discusses how migrant remittances (which are of large importance to many developing countries) can be used not only as a source of earnings, but also as a tool to generate low-cost finance (at terms better than those imposed by the country's sovereign rating). A concrete structured financing based on migrant remittances into Ghana is described in detail.

Keywords: migrant; remittances; structured; finance; agricultural; finance; Ghana (search for similar items in EconPapers)
JEL-codes: F30 G24 Q14 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr and nep-mfd
Date: 2003-01-03
Note: Type of Document - pdf; pages: 12; figures: included. pdf file
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Handle: RePEc:wpa:wuwpif:0301001