Embed Size (px)
DESCRIPTION
Financing Facility for Remittances Promoting Innovative Migrant Remittance Systems. Pedro de Vasconcelos. Financing Facility for Remittances. Euro 10+ million facility EUR 200,000 individual grants per project Project implementation 24 months Competitive call for proposals - PowerPoint PPT Presentation
Citation preview
International Fund for Agricultural Development
European Commission Inter-American Development Bank
Consultative Group to Assist the Poor
United Nations Capital Development Fund
Government of Luxembourg
Ministry of Foreign Affairs and Collaboration of Spain
Financing Facility for RemittancesFinancing Facility for Remittances
Promoting Innovative Migrant Remittance SystemsPromoting Innovative Migrant Remittance Systems
Pedro de VasconcelosPedro de Vasconcelos
Financing Facility for RemittancesFinancing Facility for Remittances
• Euro 10+ million facility
• EUR 200,000 individual grants per project
• Project implementation 24 months
• Competitive call for proposals•1st March 2007•2nd February 2008
Increase the development
impact of remittances
Increase Financial
resources for remittance
recipients in rural areas
Goals FFR
FFR PurposeFFR Purpose
Data
Use of Technology
GreaterCompetition
A deeper and more efficient remittances
market in the long run
Adequate Regulatory Initiatives
Strengthening rural remittancesStrengthening rural remittances
Strengthening the Market
5
Banks
Private Investors
Remittance Senders and
Receivers
Regulators
Credit Unions Microfinance
Institutions
Market DynamicsMarket Dynamics
Dynamic Market Creation
However, the real changes are made within a spiral of market interactions in which several actors are now busily creating a dynamic, rapidly changing and potentially powerful new market
Rural Finance and Financial OptionsRural Finance and Financial Options
InsuranceInsurance
MicrocreditMicrocredit
HousingHousing
Financial Financial DemocracyDemocracy
SavingsSavings
AgriculturalAgriculturalLoansLoans
EducationEducation
Financial Inclusion
and Options
1 2
Link remittances to additional
financial services and
products
3
Develop innovative and
productive rural investment
channels for migrants based organizations
Improve access to remittance
transmission in rural areas
The FFR funds proposals that meet specific objectives
Strategic approach FFRStrategic approach FFR
International Fund for Agricultural Development
European Commission Inter-American Development Bank
Consultative Group to Assist the Poor
United Nations Capital Development Fund
Government of Luxembourg
Ministry of Foreign Affairs and Collaboration of Spain
www.ifad.orgwww.ifad.org
[email protected]@ifad.org
