Round Table: Remittances as a Development Tool in the Caribbean

Sep 2002
This paper presents the growing volume of remittances to the Caribbean countries (particularly to Jamaica) has increased the interest and the opportunity to study mechanisms that contribute towards making the remittance market more deep, transparent and efficient. These trends have led to a general consensus focused on to reduce the costs of transferring remittances, to continuously improve the ease and accessibility of remittance transmission, and to mobilize and channel savings via the greater involvement of formal financial institutions in the process.