Regional Harmonization of Remittance Policies in IGAD | An Assessment of Somalia’s Regulatory Landscape for Remittances

Webinar
11 October 2023
Zoom

This webinar will disseminate the findings of the remittance policy diagnostic assessment for Somalia, with a focus on the overall remittance landscape in the country, key findings as per the regulatory assessment under the defined convergence criteria, and recommendations in the country diagnostic reports. The webinar will feature panelists from across the project team, IGAD, UNCDF, and the key stakeholders in the remittance space from Somalia. 

Server Date time: 2024-05-12 01:01:39
Event Start Date/Time: 2023-10-11 12:00:00
Event End Date/Time: 2023-10-11 13:00:00
Event Status: past_event
Calendar Start Date: 2023-10-11
Calendar Start Time: 12:00
Calendar End Date: 2023-10-11
Calendar End Time: 13:00

The Intergovernmental Authority on Development (IGAD) Secretariat and the United Nations Capital Development Fund (UNCDF) are undertaking a project on regional harmonization of remittance policies in the IGAD region. The main objective of this project is to elaborate a conducive gender-responsive policy and regulatory framework and supporting infrastructure to facilitate affordable and accessible cross-border remittances—to help drive remittance costs down and increase flows through formal channels. Harmonized policies form anchors upon which legal and regulatory frameworks can be developed to guide and oversee markets for the ultimate benefit of vulnerable people, while also promoting trade and enterprise. Such policies must promote common interests and address common challenges to ease adoption and implementation at regional and national levels. The project is assessing policy and regulatory regimes to identify possible convergence in areas such as licensing and authorization, prudential supervision, anti-money laundering and combating the financing of terrorism (AML/CFT) laws and regulations, consumer protection, complaints resolution mechanisms and transparency, and disclosures and foreign exchange regimes.  

This webinar will disseminate the findings of the remittance policy diagnostic assessment for Somalia, with a focus on the overall remittance landscape in the country, key findings as per the regulatory assessment under the defined convergence criteria, and recommendations in the country diagnostic reports. The webinar will feature panelists from across the project team, and the key stakeholders in the remittance space from Somalia. 

We will be hosting the webinar on 11 October 2023, 12 to 1 p.m. GMT. 

Register here

How to join?

Please use the above registration link to register. After you register, you will receive an email confirmation and will be able to add the event to your calendars.

Agenda

– Introduction and opening remarks (5 minutes)

– Presentation from UNCDF (15 minutes)

– Panel discussion (30 minutes)

– Q&A (10 minutes)

Duration: 60 minutes