Policy makers looking to tap into diaspora remittances to power Africa’s industrialization and growth

Policy makers on the continent are looking at ways to harness the development potential of diaspora remittances. A paper released in March following a conference in Abidjan of the Economic Commission for African (EAC) and the African Union Commission (AUC) highlighted the growing importance of remittances as a source of external financing, and drew special attention to their potential in driving Africa’s industrialization and helping to fill its persistent infrastructure gap.

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