Project Info

Project Code
1213AN
Tranche
T08
Tranche Type
Regular
Status
Closed
Title
Strengthening capacities to utilize workers\' remittances in financing for development

Entities

Implementing Entity (Lead)
ESCWA
Collaborating DA Entities
ECA

Financial and Evaluation Info

Total Budget
$464,000.00
Project Selected for Evaluation
No

Countries and Regions

Countries or Areas: Algeria, Egypt, Jordan, Lebanon, Mauritania, Morocco, State of Palestine (the), Sudan (the), Tunisia, Yemen
Regions: Africa, Asia
Sub-Regions:
Intermediate Regions:
Countries in Special Situations: Least Developed Countries (LDC)

Areas of Work

MDG
8
Thematic Clusters
Macroeconomics and Finance

Brief Description

The utilization of remittances inflows to enhance development in labor-exporting Arab states, confronts three major persistent challenges: (i) the absence of national strategies and policies to channel remittances to development, (ii) the relatively weak financial and institutional infrastructure supporting remittances, and (iii) the lack of sufficient data/information on workers' remittances. The main objective of the project is to strengthen capacities of government officials to formulate and adopt strategies, policies and programmes to enhance the impact of workers' remittances on development in selected Arab states. To achieve this objective, this project intends to implement a set of activities to provide target beneficiaries (bankers and government officials at Ministries of Investment, National Economy, Planning, International Cooperation and Emigration Affairs and bankers) with the skills and tools to channel more resources towards development finance.

Objective and Expected Outcomes

Objective
To strengthen capacities of government officials and financial institutions to formulate and adopt strategies, policies and programmes to enhance the impact of workers
Expected Outcome 1
Enhanced understanding of policy makers in selected Arab states of the potential positive impact of workers
Expected Outcome 2
Officials in 9 labor exporting countries acquired skills and tools to develop policy measures, and initiatives to channel part of workers