This is a diagnostic report on harmonizing remittance policies in the ECCAS region. Prepared by the UNCDF in collaboration with the ECCAS Commission and relevant public sector authorities from the ECCAS Member States, it is the outcome of a larger project on the harmonization of remittance policies in the ECCAS region. The main objective of this project is to improve the ECCAS countries’ existing and ongoing development of policies and regulatory frameworks relating to cross-border remittance flows. The ECCAS commission aim to harmonize policies across the Member States.
The harmonized legal and regulatory frameworks will facilitate the transition of remittances from cash-based to digital channels and from informal to formal ones, ultimately leading to increased volumes and efficiency of remittance flows, lower costs, and greater access to finance in the region.