模板-5eVasconcelos.pptVIP

Sending Money Home Remittances as a Development Tool in Latin America and the Caribbean Background: Volume of Remittances Background: Volume of Remittances Challenges Ahead and MIF Strategy Challenges Ahead and MIF Strategy Challenges Ahead and MIF Strategy Challenges Ahead and MIF Strategy Challenges Ahead and MIF Strategy Challenges Ahead and MIF Strategy Challenges Ahead and MIF Strategy Inter-American Development Bank 1300 New York Av. NW Washington D.C. 20577 pedrodv@ +(1) 202 942-8171 * Inter-American Development Bank Multilateral Investment Fund * Washington DC, January 24-25, 2005 The MIF was created in 1992 with the goal of promoting and strengthening the private sector in LAC. The MIF provides grants for Technical Assistance in the following areas: Regulatory Framework for the private sector Human Resources Development Micro-SMES enhancement MIF also invests in SMES through its investment Fund facility. Origin and Mission The Multilateral Investment Fund Remittances constitute a critical flow of foreign currency in Latin America and the Caribbean The implications for national economies – and the corresponding multiplier effect on GDP, consumption and investment – are significant. The remittance issue is becoming a major financial and development topic throughout the Region. LAC is both the fastest growing and highest volume remittance market in the world. This is no cause for celebration, however. It means that the Region is not producing enough employment to meet the needs of its population. As migration patterns increase and reporting mechanisms from central Banks improve, remittance flows to LAC for the year 2003 reached over US$38 billion from all parts of the world Implying 180 million transactions a year Background: Volume of Remittances 18.6 from the US 4.3 rest of the World 25.6 from the US 2001 2002 2003 2004 45+ Billions 38 Billions 32 Billions 23 Billions Worker Remittances Flows to Latin America and the Caribbean