UNCDF’s Benchmarking Tool for Remittances is the world’s first policy tool that compares the systems central banks use to compile international remittance data.
UNCDF aims to leverage data on migration and remittance flows in low- and middle-income countries to improve how remittance markets function and boost the financial resilience of migrants and their families. Since 2021, UNCDF has engaged with more than 70 countries using different remittance data systems to monitor and analyse cross-border remittances. This benchmarking tool currently includes information from 38 countries and will expand to include more countries in 2023 and beyond.
The Summary page shows and compares the level of granularity of data and explores the use cases of different countries. This tool also compares and examines how countries gather remittance and sex-disaggregated data at the regional level, including national and subnational levels. These findings could help policymakers develop more effective data-driven approaches.
A country can be selected on the Country Details map. Once selected, the dashboard presents:
- Who are the stakeholders responsible for collecting, analysing, and publishing remittance data?
- What remittance data do they collect?
- Why did they collect this remittance data? (Key policy use case)
- How are remittance data collected, analysed, and used?
This tool additionally champions central banks with women in executive leadership roles in the compilation of remittance data.
Finally, the tool also allows users to download the dashboards as images for inclusion in reports and presentations, as well as offers country-specific PDFs with detailed information.
Contact: migrantmoney@uncdf.org
