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The U.S.-Honduras Remittance Corridor: Acting on Opportunities to Increase Financial Inclusion and Foster Development of a Transnational Economy Volum

The U.S.-Honduras Remittance Corridor: Acting on Opportunities to Increase Financial Inclusion and Foster Development of a Transnational Economy Volum

Paperback

Series: World Bank Working Papers, Book 177

EconomicsTechnology & EngineeringImmigration & Refugees

ISBN10: 0821381393
ISBN13: 9780821381397
Publisher: World Bank Publications
Published: Mar 12 2010
Pages: 96
Weight: 0.40
Height: 0.30 Width: 6.80 Depth: 9.50
Language: English
This paper provides an overview of remittances and migration between Honduras and the United States and analyzes the remittance regulatory and market environment, including financial inclusion strategies, transnational economic activities, and the impact of remittances on the Honduran economy. 'The U.S.-Honduras Remittance Corridor' makes policy recommendations to the authorities of Honduras and the United States, especially for regulatory reforms that promote the integrity and efficiency of money transfer businesses. We also recommend the development of financial infrastructures in rural areas for better distribution of remittances. Furthermore, we suggest that public policy should be more focused on building an environment for investment in the community and developing local businesses that export to Honduran communities abroad.

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