The Emerging Remittances Market in Burundi: Opportunities for Development

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Overview
  • INSTITUTE:
    UNU-MERIT
    PUBLISHER:
    United Nations University
    VOLUME:
    Migration Policy Brief No. 6
    TITLE:
    The Emerging Remittances Market in Burundi: Opportunities for Development
    AUTHORS:
    by Sonja Fransen and Lisa Andersson
    PUB DATE:
    2012•08•31
    COPYRIGHT YEAR:
    2011

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    This policy brief maps the current remittances market in Burundi, a country that has been characterized by large migration flows over the past decades, mostly due to violent conflicts. The country is currently exploring ways to actively engage its diaspora in development processes and remittances are considered to be a potentially important contributor to local development and reconstruction processes. However, the current knowledge on remittances in Burundi is limited. This policy brief, therefore, provides an overview of current remittances data in Burundi, the financial institutions that monitor remittances flows, and the possibilities of remittances sending in the country. From this overview, policy recommendations on measuring and enhancing remittances flows in Burundi will be presented. The information for this policy brief was gathered by means of in-depth interviews with representatives from non-governmental organizations (NGOs), banks, micro-finance institutions (MFIs), money transfer operators (MTOs), and ministries in Burundi between January and February 2011.