Policy and Regulatory Framework for Remittance - Sri Lanka

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dc.contributor.author Sirisena, N.L.
dc.date.accessioned 2014-08-05T10:59:57Z
dc.date.available 2014-08-05T10:59:57Z
dc.date.issued 2007
dc.description.abstract The benefits obtained by the country by labour migration is manifold. Apart from being one of the largest sources of foreign remittances to the national economy, contribution towards reducing unemployment, and poverty alleviation, particularly of rural households is indisputable. However, of the over one million migrants five hundred thousand are found to be illegal migrants. Consequently, in spite of there being several financial institutions, incentive schemes and money transfer channels for management of remittances, about 50% of the remittances are sent through informal channels. This study provides several recommendations to reduce such informal remittances and enhance the use of formal channels for remittances. The author is of the view, those restrictive licensing policies and regulations are a barrier to the better utilization of remittances, and that reforms in this sector is the answer. en_US
dc.language.iso en en_US
dc.publisher The Foundation for Development Cooperation (FDC), Brisbane en_US
dc.relation.uri http://www.fdc.org.au/data/Remittances/Sri_Lanka.pdf en_US
dc.subject Sri Lanka en_US
dc.subject International migration en_US
dc.subject Remittances en_US
dc.title Policy and Regulatory Framework for Remittance - Sri Lanka en_US
dc.type Other en_US
dc.identifier.shortcitation The Foundation for Development Cooperation (FDC), Brisbane, 2007 en_US

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