Moldova: Sending money home

Workers' remittances to Azerbaijan, Georgia and Moldova - An EBRD study

In 2006, the EBRD’s multi donor fund for the early transition countries (ETC) decided to fund a study that would analyse the flow of remittances to ETCs. The Bank is presenting the study’s findings at a conference in Tbilisi, Georgia on “Workers’ Remittances to ETCs”.

Sibel Beadle, an EBRD Principal Banker, explains some of the study’s findings.

Why have the ETCs become the focus of this study on remittances?

Remittance flows to the early transition countries are a new phenomenon. Little is known about the remittance flows to these countries while remittances in Latin America and Eastern Europe are well-researched. This is why a joint study by the EBRD and the Asian Development Bank looked at six countries - Armenia, Azerbaijan, Georgia, Kyrgyz Republic, Moldova and Tajikistan.

The EBRD surveyed remittance flows to Azerbaijan, Georgia and Moldova, as well as Russia as a remittance sending country. It also analysed the financial sector of the three countries. [Read more]