Mobilising migrant resources for development in Africa
The reduction of transfer costs of migrant remittances and the mobilisation of these resources to complement other sources of finance for the development of the African continent have for several years been a subject of increasing interest for the African Development Bank, which has supported several initiatives in this area including the recent World Bank study “Leveraging Migration for Africa”.
The creation of the Migration and Development Fund (MDF) responds to this interest and the impetus to f