The Malaysia-Indonesia Remittance Corridor : Making Formal Transfers the Best Option for Women and Undocumented Migrants
The corridor between Malaysia and Indonesia is the second largest remittance outflow for Malaysia and the largest remittance inflow for Indonesia. In the East Asia and Pacific Region, Indonesia is the second largest supplier of labor migration with...
| Main Authors: | , , , , , , , |
|---|---|
| Language: | English en_US |
| Published: |
Washington, DC : World Bank
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2008/06/9722562/malaysia-indonesia-remittance-corridor-making-formal-transfers-best-option-women-undocumented-migrants http://hdl.handle.net/10986/6515 |
| Summary: | The corridor between Malaysia and
Indonesia is the second largest remittance outflow for
Malaysia and the largest remittance inflow for Indonesia. In
the East Asia and Pacific Region, Indonesia is the second
largest supplier of labor migration with 680,000 overseas
worker contracts concluded in 2006 alone. Since 2003, the
number of contracts has more than doubled. Malaysia, in
general, is a destination for foreign workers because of its
economic performance and government recruitment policies
aimed to alleviate labor shortages. In addition to these
factors, the cultural and geographical proximity of
Indonesia makes Malaysia a destination for both documented
and undocumented Indonesian migrant workers. This report is
a combined effort between the Financial and Private Sector
Development and the East Asia and Pacific Social Development
units of the World Bank. It is part of a series of studies
under both the global Bilateral Remittance Corridor Analysis
program and the Indonesia Female Migrant Worker Program. The
report analyzes the transfer of remittances by Indonesian
migrant workers known as Tenaga Kerja Indonesia (TKI). The
main objective of this report is to contribute to
policymaking efforts to increase the impact that remittances
have on economic growth and poverty reduction in Indonesia,
and investigate options for attracting more migrants to use
the formal sector. The report aims to provide a descriptive
overview of the Malaysia-Indonesia remittance corridor and
to suggest some policy avenues for improving access to
formal remittance transfer channels; increasing the
transparency of the flows and cost structure; and
facilitating the transfer of remittances, particularly for
undocumented and female migrant workers. |
|---|