Saturday, 19 December 2009

ANGOLA: Angola: New study highlighting remittances in Angola calls for measures to enhance their development impact

Source: International Organization for Migration (IOM)

Date: 18 Dec 2009

With remittances crucial to family welfare and food security in Angola, a new IOM study argues the need to do more to build links with the Angolan diaspora and to lower remittance costs in order to maximize the developmental impact of remittances in the country.

The study, "Migrant Remittance Flows to Angola from Portugal and South Africa, and their Current Use and Impact on Receiving Households", released today in the Angolan capital, Luanda, also calls for continued efforts to facilitate investment in the Southern African country.

Interviews with 404 remittance-receiving family heads in Angola and 423 remittance sending migrants in Portugal and South Africa revealed that only 14 per cent of respondents used a portion of remittances for business purposes and even fewer, one percent, for investment in agricultural activities. Read more

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