National Remittance Plan (Germany)

Date Shared:

Wednesday, October 3, 2018 - 11:32

Countries and areas:

Germany

2030 Agenda migration-relevant and related target Labels:

Goal 10: Reduced inequalities - 10.c on remittances costs reduction

GCM Thematic Cluster Areas:

Objective 19: Create conditions for migrants and diasporas to fully contribute to sustainable development in all countries

Objective 20: Promote faster, safer and cheaper transfer of remittances and foster financial inclusion of migrants

Contributors:

Member States

Chairmanship:

Germany-Morocco 2017-2018

Geographical Relevance:

National

Tags:

Remittances, Capacity Building, Diaspora Investment and Entrepreneurship

Summary:

The German price comparison portal ‘www.GeldtransFAIR.de’, which obtained World Bank certification in 2014, is currently being redesigned to make it more user-friendly. The new website (including a mobile version) is to be launched in 2018.

The German Development Cooperation is working with the Central Bank of Jordan (CBJ) to implement a project on Improving Access to Remittances and other Financial Services through Digital Solutions to increase access to and usage of needs-based digital remittances services for refugees and Jordanians in hosting communities. As part of the project, Germany will conduct a study on current developments in the digital remittances market and new business models of RSPs (i.e. mobile network operators, FinTechs) and a study on remittances practices of Syrians in Germany.

The GIZ Programme “Migration for Development” supports migrant organization in their development projects, business activities (training for entrepreneurship when returning in countries of origin).

Link:

For more information:

GFMD Source:

GFMD 2018 - Background Paper RT Session 3.2 "Beyond Remittances: leveraging the development impact and promoting the transnational engagement of diaspora and migrants"