Remittances in Financing Development in Africa: Lesson learnt from North Africa
The utilization of remittances inflows to enhance development in labor-exporting North African member states, confronts three major persistent challenges: (i) the effectiveness of national strategies and policies to channel remittances to development, (ii) the relatively weak financial and institutional infrastructure supporting remittances, and (iii) the lack of sufficient data/information on workers’ remittances.