National Remittance Plan (Senegal)

Date Shared:

Wednesday, October 3, 2018 - 16:57

Countries and areas:

Senegal, Italy

2030 Agenda migration-relevant and related target Labels:

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

GCM Thematic Cluster Areas:

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

Objective 21: Cooperate in facilitating safe and dignified return and readmission, as well as sustainable reintegration

Contributors:

Member States

Chairmanship:

Germany-Morocco 2017-2018

Geographical Relevance:

Bilateral

Tags:

Remittances, Return and Reintegration, Diaspora Investment and Entrepreneurship

Summary:

The Support Fund for Investments of Senegalese Abroad (Fonds d’appui à l’investissement des Sénégalais de l’extérieur – FAISE) aims to promote productive investments in Senegal by citizens living overseas with the long-term objective of encouraging their voluntary return to the country.

The Plateforme d’Appui au Secteur Privé et à la Valorisation de la Diaspora Sénégalaise en Italie (PLASEPRI), a bilateral cooperation initiative set up between the Government of Senegal and the Italian Ministry of Foreign Affairs and International Cooperation aims at providing financial and technical support to enhance the economic potential of the Senegalese community in Italy.

Link:

For more information:

http://www.funds4africa.org/faise-financement-senegalais-de-lexterieur/ (in French)
https://www.ritornoinsenegal.org/fr/le-programme-plasepri/ (in French)

GFMD Source:

GFMD 2019 - Background Paper RT 3.2 "Harnessing migration for rural development"

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