Insights

To facilitate periodic reflections from our implementation and engagement experience, we present learning and observations to allow greater insights into the scope and impact of results. These insights are meant to promote cooperation among various stakeholders to improve efficiency in remittance markets, including strengthening the trust of migrants in digital solutions.

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Global

Migrant Money Notes

Where Are We in Preparing the Building Blocks for Migrant Financial Resilience?

The existing building blocks of migrant financial resilience are a combination of international conventions, regional and bilateral agreements, unilateral government initiatives, and private sector initiatives to provide insurance and pension…

Articles and Case Studies

Understanding Informal Remittances

Understanding channels and volumes of informal remittance flows are equally essential for policy-makers. Beyond policy and regulatory efforts to formalize remittance flows, central banks should consider developing more robust models…

Articles and Case Studies

The Pandemic May Change Remittances—for the Better

Long denominated in cash, payments back to home countries are finally going digital.

Migrant Money Notes

The Future of Migrant Insurance and Pension

In this paper, reflecting the collective perspective of global stakeholders, UNCDF explores the possibilities of leveraging the potential of migrant insurance and pensions that can contribute to their comprehensive financial…

Migrant Money Notes

The Case for Digital Wages, Insurance, and Pensions for Migrant Financial Resilience

UNCDF aims to contribute towards the financial resilience of migrants and their families by facilitating the design and development of migrant-centric, gender-responsive, scalable, and commercially viable digital wage, insurance, and…

Migrant Money Notes

Scaling the Next Frontiers in Migrant Insurance and Pensions

Insurance and pension play a pivotal role in ensuring financial resilience of migrants and their families. The need for such services has also become accentuated in the post-COVID-19 scenario. Although…

Articles and Case Studies

Remittances, a Vital Financial Lifeline, Are Being Squeezed

Each year, migrant workers send money to 800 million family members. However, the pandemic is severely disrupting flows.

Articles and Case Studies

Queens, One of the First COVID-19 Epicenters, Faces a New Crisis: Hunger

In one of New York’s most diverse communities, food banks struggle to meet the growing demand from immigrant families out of work.

Articles and Case Studies

Migrant Remittances in the Times of Covid-19: Insights From Remittance Service Providers

Before the COVID-19 pandemic struck, many migrants were already part of marginalized and vulnerable groups experiencing economic hardships in their countries of origin and host communities. Lockdowns and business closures…