Description: Tajikistan Policy Note : Enhancing the Development Impact of Remittances

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Tajikistan Policy Note : Enhancing the Development Impact of Remittances

Remittances have played an important role as one of the drivers of Tajikistan's robust economic growth during the past several years. The volume of official remittances has significantly increased since 2001 and now represent close to 12 perce...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCOUNT TRANSFER ACCOUNTING AGRICULTURE ASYLUM BALANCE OF PAYMENT BALANCE OF PAYMENTS BANK ACCOUNTS BANK TRANSFERS BANKING SYSTEM BASIC NEEDS BUSINESS CYCLES CASH INCOME CASH TRANSFER CASH-TO-CASH CENTRAL ASIAN CENTRAL BANK CENTRAL BANKS CITIES CITIZENS CIVIL WAR COLLECTIVE REMITTANCES COMMERCIAL BANKS COMPENSATION OF EMPLOYEES COMPETITIVENESS CURRENT ACCOUNT BALANCE DEMOGRAPHIC FACTORS DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT IMPACT OF REMITTANCES DEVELOPMENT OBJECTIVES DEVELOPMENTAL IMPACT DISSEMINATION ECONOMIC GROWTH ECONOMIC SITUATION ECONOMIC TRANSITION EMIGRATION EMPLOYMENT OPPORTUNITIES EXCHANGE RATE EXPORTS FAMILIES FINANCIAL FLOWS FINANCIAL INTERMEDIARIES FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCIAL SERVICES FOREIGN BANKS FOREIGN DIRECT INVESTMENT FOREIGN WORKERS GDP HOME COUNTRY HOST COUNTRIES HOUSEHOLD INCOME HUMAN CAPITAL INCOME EFFECT INCOME INEQUALITY INCOMES INDIVIDUAL ACCOUNTS INFORMAL CHANNELS INFORMAL TRANSFERS INFORMATION DISSEMINATION INSTITUTIONAL CAPACITY INTERNATIONAL MIGRATION INTERNATIONAL POLICY INTERNATIONAL REMITTANCES LABOR FORCE LABOR MARKET LABOR MIGRANTS LATIN AMERICAN LEGAL MIGRATION LEGAL STATUS LIVING STANDARDS LOW BIRTH RATE MARKET ECONOMY MEDIA MICROFINANCE MIDDLE EAST MIDDLE INCOME COUNTRIES MIGRANT MIGRANT TRANSFERS MIGRANT WORKERS MIGRANT-SENDING COUNTRIES MIGRANTS MIGRATION MIGRATION DATA MIGRATION FLOWS MIGRATION POLICIES MIGRATION STATISTICS MODERNIZATION MONETARY POLICY MONEY GRAM MONEY ORDERS MONEY TRANSFER MONEY TRANSFER OPERATORS MONEY TRANSFER SYSTEM MONEY TRANSFER SYSTEMS MONEY TRANSFERS NET TRANSFER NORTH AFRICA NOW ACCOUNTS OFFICIAL DEVELOPMENT ASSISTANCE OFFICIAL REMITTANCE OFFICIAL REMITTANCE TRANSFERS PERSONAL REMITTANCES POPULATION STUDIES POVERTY ALLEVIATION POVERTY REDUCTION PUBLIC INFORMATION PUBLIC POLICY RECIPIENT COUNTRIES RECIPIENT HOUSEHOLDS RECIPIENTS OF REMITTANCES REMITTANCE REMITTANCE FLOWS REMITTANCE INFLOWS REMITTANCE RECEIPTS REMITTANCE RECIPIENTS REMITTANCE SERVICES REMITTANCE TRANSFER REMITTANCE USE REMITTANCES REMITTANCES REMITTANCES RURAL AREAS SAFETY NET SAVINGS SECONDARY EDUCATION SEND MONEY SEND REMITTANCES SKILLED WORKERS SMALL BUSINESS SOCIAL SERVICE SOUTH ASIAN TECHNICAL EDUCATION TRADE BALANCE TRADE DEFICIT TRANSFER CHANNELS TRANSFER COSTS TRANSFER FEES TRANSFER METHOD TRANSFER METHODS TRANSFER OF REMITTANCES TRANSFER SERVICES TRANSPORT UNDOCUMENTED MIGRANTS UNEMPLOYMENT UNEMPLOYMENT RATE UNSKILLED WORKERS USES OF REMITTANCES VOCATIONAL TRAINING VULNERABILITY WAGES WAR WIRE TRANSFER WIRE TRANSFERS WORK PERMITS WORKING POPULATION WORLD POPULATION WORLD POPULATION DATA
Online Access:	http://documents.worldbank.org/curated/en/2006/06/7005726/tajikistan-policy-note-enhancing-development-impact-remittances http://hdl.handle.net/10986/19457

Description
Summary:	Remittances have played an important role as one of the drivers of Tajikistan's robust economic growth during the past several years. The volume of official remittances has significantly increased since 2001 and now represent close to 12 percent of GDP (2004). Remittances have become the most important source of external financing for the balance of payments, have increased incomes, and as a result helped reduce poverty. Recognizing their importance, the Tajikistan authorities have sought to sustain remittance flows. However, anecdotal evidence indicates that migrants are not sufficiently integrated into the Tajikistan financial system, much less that of the destination countries (e.g. Russia). This Policy Note has two main objectives: (1) to expand knowledge of the size of remittances, their sending mechanisms (especially through formal channels), and their use; and (2) to propose policy recommendations to enhance the development impact of remittances. The report is organized into six sections, including an Introduction. The sections provide background on migration and remittances related to Tajikistan; discuss the estimation of remittance size and data issues; examine the transfer channels of remittances (their cost, access, and speed), their use, and the impact of remittances by highlighting impediments to the efficiency of remittance transfer services through formal channels, examining the use of remittances by recipient households in Tajikistan, and identifying impacts of remittances on the economy; and drawing some of the key lessons learned from the international experience that could be considered in the Tajik context. The final section recommends policies to enhance the development impact of remittances taking into account the Tajik context and identifies topics for further research.