Making international remittances a source of revenue

stdClass Object
(
    [id] => 137
    [title] => Making international remittances a source of revenue
    [alias] => making-international-remittances-a-source-of-revenue
    [catid] => 2
    [published] => 1
    [introtext] => 

International remittance transactions and international mobile money transfers are forecast to grow in frequency, as users become more accustomed to using these services.

[fulltext] =>

International remittance transactions and international mobile money transfers are forecast to grow in frequency, as users become more accustomed to using these services. International migration also contributes to this growth, which includes an increase in the remittances sent by migrants to emerging countries. These remittances are equivalent to more than three times the size of Official Development Assistance (ODA), which is incidentally no longer seen as a sustainable solution.

 

In view of the above, it is time to focus on lessening the dependence on ODA. One secure and sustainable way of doing this is to focus on domestic resources and on Innovative Financing for Development (IFD), to determine new sources of revenue and to manage, leverage and protect these revenues. This could be done with the assistance of the global IFD specialist, LSL World Initiative, and its technological partners. The initiatives LSL suggests operate with revenues generated by a comprehensive suite of micro-contributions in key globalised sectors.

 

These revenues from IFD mechanisms could be ploughed into supporting emerging governments to support development projects in their countries.

 

Read the original article.

 

 

[video] => [gallery] => [extra_fields] => [extra_fields_search] => [created] => 2016-08-08 14:37:42 [created_by] => 797 [created_by_alias] => [checked_out] => 0 [checked_out_time] => 0000-00-00 00:00:00 [modified] => 2016-08-08 14:45:48 [modified_by] => 797 [publish_up] => 2016-08-08 14:37:42 [publish_down] => 0000-00-00 00:00:00 [trash] => 0 [access] => 1 [ordering] => 55 [featured] => 0 [featured_ordering] => 0 [image_caption] => [image_credits] => [video_caption] => [video_credits] => [hits] => 842 [params] => Joomla\Registry\Registry Object ( [data:protected] => stdClass Object ( [enable_css] => 1 [jQueryHandling] => 1.8remote [backendJQueryHandling] => remote [userName] => 1 [userImage] => 1 [userDescription] => 1 [userURL] => 1 [userEmail] => 0 [userFeedLink] => 1 [userFeedIcon] => 1 [userItemCount] => 10 [userItemTitle] => 0 [userItemTitleLinked] => 1 [userItemDateCreated] => 1 [userItemImage] => 1 [userItemIntroText] => 1 [userItemCategory] => 1 [userItemTags] => 1 [userItemCommentsAnchor] => 1 [userItemReadMore] => 1 [userItemK2Plugins] => 1 [tagItemCount] => 10 [tagItemTitle] => 0 [tagItemTitleLinked] => 1 [tagItemDateCreated] => 1 [tagItemImage] => 1 [tagItemIntroText] => 1 [tagItemCategory] => 1 [tagItemReadMore] => 1 [tagItemExtraFields] => 0 [tagOrdering] => [tagFeedLink] => 1 [tagFeedIcon] => 1 [genericItemCount] => 10 [genericItemTitle] => 0 [genericItemTitleLinked] => 1 [genericItemDateCreated] => 1 [genericItemImage] => 1 [genericItemIntroText] => 1 [genericItemCategory] => 1 [genericItemReadMore] => 1 [genericItemExtraFields] => 0 [genericFeedLink] => 1 [genericFeedIcon] => 1 [feedLimit] => 10 [feedItemImage] => 1 [feedImgSize] => L [feedItemIntroText] => 1 [feedTextWordLimit] => [feedItemFullText] => 1 [feedItemTags] => 0 [feedItemVideo] => 0 [feedItemGallery] => 0 [feedItemAttachments] => 0 [feedBogusEmail] => [introTextCleanup] => 0 [introTextCleanupExcludeTags] => [introTextCleanupTagAttr] => [fullTextCleanup] => 0 [fullTextCleanupExcludeTags] => [fullTextCleanupTagAttr] => [xssFiltering] => 0 [linkPopupWidth] => 900 [linkPopupHeight] => 600 [imagesQuality] => 100 [itemImageXS] => 100 [itemImageS] => 200 [itemImageM] => 400 [itemImageL] => 600 [itemImageXL] => 900 [itemImageGeneric] => 300 [catImageWidth] => 100 [catImageDefault] => 1 [userImageWidth] => 100 [userImageDefault] => 1 [commenterImgWidth] => 48 [onlineImageEditor] => splashup [imageTimestamp] => 0 [imageMemoryLimit] => [socialButtonCode] => [twitterUsername] => [facebookImage] => Medium [comments] => 1 [commentsOrdering] => DESC [commentsLimit] => 10 [commentsFormPosition] => below [commentsPublishing] => 0 [commentsReporting] => 1 [commentsReportRecipient] => kslack@globalvoicegroup.com [inlineCommentsModeration] => 1 [gravatar] => 1 [antispam] => 0 [recaptchaForRegistered] => 1 [akismetForRegistered] => 1 [commentsFormNotes] => 1 [commentsFormNotesText] => [frontendEditing] => 1 [showImageTab] => 1 [showImageGalleryTab] => 1 [showVideoTab] => 1 [showExtraFieldsTab] => 1 [showAttachmentsTab] => 1 [showK2Plugins] => 1 [sideBarDisplayFrontend] => 0 [mergeEditors] => 1 [sideBarDisplay] => 1 [attachmentsFolder] => [hideImportButton] => 0 [googleSearch] => 0 [googleSearchContainer] => k2GoogleSearchContainer [K2UserProfile] => 1 [redirect] => 206 [adminSearch] => simple [cookieDomain] => [taggingSystem] => 1 [lockTags] => 0 [showTagFilter] => 0 [k2TagNorm] => 0 [k2TagNormCase] => lower [k2TagNormAdditionalReplacements] => [recaptcha_public_key] => Chris [recaptcha_private_key] => GVGadmin2015! [recaptcha_theme] => clean [recaptchaOnRegistration] => 0 [akismetApiKey] => [stopForumSpam] => 0 [stopForumSpamApiKey] => [showItemsCounterAdmin] => 1 [showChildCatItems] => 1 [disableCompactOrdering] => 0 [metaDescLimit] => 150 [enforceSEFReplacements] => 0 [SEFReplacements] => À|A, Á|A, Â|A, Ã|A, Ä|A, Å|A, à|a, á|a, â|a, ã|a, ä|a, å|a, Ā|A, ā|a, Ă|A, ă|a, Ą|A, ą|a, Ç|C, ç|c, Ć|C, ć|c, Ĉ|C, ĉ|c, Ċ|C, ċ|c, Č|C, č|c, Ð|D, ð|d, Ď|D, ď|d, Đ|D, đ|d, È|E, É|E, Ê|E, Ë|E, è|e, é|e, ê|e, ë|e, Ē|E, ē|e, Ĕ|E, ĕ|e, Ė|E, ė|e, Ę|E, ę|e, Ě|E, ě|e, Ĝ|G, ĝ|g, Ğ|G, ğ|g, Ġ|G, ġ|g, Ģ|G, ģ|g, Ĥ|H, ĥ|h, Ħ|H, ħ|h, Ì|I, Í|I, Î|I, Ï|I, ì|i, í|i, î|i, ï|i, Ĩ|I, ĩ|i, Ī|I, ī|i, Ĭ|I, ĭ|i, Į|I, į|i, İ|I, ı|i, Ĵ|J, ĵ|j, Ķ|K, ķ|k, ĸ|k, Ĺ|L, ĺ|l, Ļ|L, ļ|l, Ľ|L, ľ|l, Ŀ|L, ŀ|l, Ł|L, ł|l, Ñ|N, ñ|n, Ń|N, ń|n, Ņ|N, ņ|n, Ň|N, ň|n, ʼn|n, Ŋ|N, ŋ|n, Ò|O, Ó|O, Ô|O, Õ|O, Ö|O, Ø|O, ò|o, ó|o, ô|o, õ|o, ö|o, ø|o, Ō|O, ō|o, Ŏ|O, ŏ|o, Ő|O, ő|o, Ŕ|R, ŕ|r, Ŗ|R, ŗ|r, Ř|R, ř|r, Ś|S, ś|s, Ŝ|S, ŝ|s, Ş|S, ş|s, Š|S, š|s, ſ|s, Ţ|T, ţ|t, Ť|T, ť|t, Ŧ|T, ŧ|t, Ù|U, Ú|U, Û|U, Ü|U, ù|u, ú|u, û|u, ü|u, Ũ|U, ũ|u, Ū|U, ū|u, Ŭ|U, ŭ|u, Ů|U, ů|u, Ű|U, ű|u, Ų|U, ų|u, Ŵ|W, ŵ|w, Ý|Y, ý|y, ÿ|y, Ŷ|Y, ŷ|y, Ÿ|Y, Ź|Z, ź|z, Ż|Z, ż|z, Ž|Z, ž|z, α|a, β|b, γ|g, δ|d, ε|e, ζ|z, η|h, θ|th, ι|i, κ|k, λ|l, μ|m, ν|n, ξ|x, ο|o, π|p, ρ|r, σ|s, τ|t, υ|y, φ|f, χ|ch, ψ|ps, ω|w, Α|A, Β|B, Γ|G, Δ|D, Ε|E, Ζ|Z, Η|H, Θ|Th, Ι|I, Κ|K, Λ|L, Μ|M, Ξ|X, Ο|O, Π|P, Ρ|R, Σ|S, Τ|T, Υ|Y, Φ|F, Χ|Ch, Ψ|Ps, Ω|W, ά|a, έ|e, ή|h, ί|i, ό|o, ύ|y, ώ|w, Ά|A, Έ|E, Ή|H, Ί|I, Ό|O, Ύ|Y, Ώ|W, ϊ|i, ΐ|i, ϋ|y, ς|s, А|A, Ӑ|A, Ӓ|A, Ә|E, Ӛ|E, Ӕ|E, Б|B, В|V, Г|G, Ґ|G, Ѓ|G, Ғ|G, Ӷ|G, y|Y, Д|D, Е|E, Ѐ|E, Ё|YO, Ӗ|E, Ҽ|E, Ҿ|E, Є|YE, Ж|ZH, Ӂ|DZH, Җ|ZH, Ӝ|DZH, З|Z, Ҙ|Z, Ӟ|DZ, Ӡ|DZ, Ѕ|DZ, И|I, Ѝ|I, Ӥ|I, Ӣ|I, І|I, Ї|JI, Ӏ|I, Й|Y, Ҋ|Y, Ј|J, К|K, Қ|Q, Ҟ|Q, Ҡ|K, Ӄ|Q, Ҝ|K, Л|L, Ӆ|L, Љ|L, М|M, Ӎ|M, Н|N, Ӊ|N, Ң|N, Ӈ|N, Ҥ|N, Њ|N, О|O, Ӧ|O, Ө|O, Ӫ|O, Ҩ|O, П|P, Ҧ|PF, Р|P, Ҏ|P, С|S, Ҫ|S, Т|T, Ҭ|TH, Ћ|T, Ќ|K, У|U, Ў|U, Ӳ|U, Ӱ|U, Ӯ|U, Ү|U, Ұ|U, Ф|F, Х|H, Ҳ|H, Һ|H, Ц|TS, Ҵ|TS, Ч|CH, Ӵ|CH, Ҷ|CH, Ӌ|CH, Ҹ|CH, Џ|DZ, Ш|SH, Щ|SHT, Ъ|A, Ы|Y, Ӹ|Y, Ь|Y, Ҍ|Y, Э|E, Ӭ|E, Ю|YU, Я|YA, а|a, ӑ|a, ӓ|a, ә|e, ӛ|e, ӕ|e, б|b, в|v, г|g, ґ|g, ѓ|g, ғ|g, ӷ|g, y|y, д|d, е|e, ѐ|e, ё|yo, ӗ|e, ҽ|e, ҿ|e, є|ye, ж|zh, ӂ|dzh, җ|zh, ӝ|dzh, з|z, ҙ|z, ӟ|dz, ӡ|dz, ѕ|dz, и|i, ѝ|i, ӥ|i, ӣ|i, і|i, ї|ji, Ӏ|i, й|y, ҋ|y, ј|j, к|k, қ|q, ҟ|q, ҡ|k, ӄ|q, ҝ|k, л|l, ӆ|l, љ|l, м|m, ӎ|m, н|n, ӊ|n, ң|n, ӈ|n, ҥ|n, њ|n, о|o, ӧ|o, ө|o, ӫ|o, ҩ|o, п|p, ҧ|pf, р|p, ҏ|p, с|s, ҫ|s, т|t, ҭ|th, ћ|t, ќ|k, у|u, ў|u, ӳ|u, ӱ|u, ӯ|u, ү|u, ұ|u, ф|f, х|h, ҳ|h, һ|h, ц|ts, ҵ|ts, ч|ch, ӵ|ch, ҷ|ch, ӌ|ch, ҹ|ch, џ|dz, ш|sh, щ|sht, ъ|a, ы|y, ӹ|y, ь|y, ҍ|y, э|e, ӭ|e, ю|yu, я|ya [k2Sef] => 0 [k2SefLabelCat] => content [k2SefLabelTag] => tag [k2SefLabelUser] => author [k2SefLabelSearch] => search [k2SefLabelDate] => date [k2SefLabelItem] => 0 [k2SefLabelItemCustomPrefix] => [k2SefInsertItemId] => 1 [k2SefItemIdTitleAliasSep] => dash [k2SefUseItemTitleAlias] => 1 [k2SefInsertCatId] => 1 [k2SefCatIdTitleAliasSep] => dash [k2SefUseCatTitleAlias] => 1 [sh404SefLabelCat] => [sh404SefLabelUser] => blog [sh404SefLabelItem] => 2 [sh404SefTitleAlias] => alias [sh404SefModK2ContentFeedAlias] => feed [sh404SefInsertItemId] => 0 [sh404SefInsertUniqueItemId] => 0 [cbIntegration] => 0 [show_page_heading] => [catCatalogMode] => 0 [theme] => default [num_leading_items] => 2 [num_leading_columns] => 1 [leadingImgSize] => Large [num_primary_items] => 4 [num_primary_columns] => 2 [primaryImgSize] => Medium [num_secondary_items] => 4 [num_secondary_columns] => 1 [secondaryImgSize] => Small [num_links] => 4 [num_links_columns] => 1 [linksImgSize] => XSmall [catFeaturedItems] => 1 [catOrdering] => rdate [catPagination] => 2 [catPaginationResults] => 1 [catFeedLink] => 1 [catFeedIcon] => 1 [menu-anchor_css] => [menu_text] => 1 [menu_show] => 1 [page_title] => News | Financing Sustainable Development [pageclass_sfx] => page-news [secure] => 0 [page_description] => LSL World Initiative helps governments identify new sources of revenues through innovative financing mechanisms with the use of technology and micro-surcharges. [page_rights] => [robots] => [inheritFrom] => 0 [catMetaDesc] => Click here to view GVG's telecom and ICT solutions for revenue news, fraud management updates, revenue from telecom traffic stories and industry related news. [catTitle] => 1 [catTitleItemCounter] => 1 [catDescription] => 1 [catImage] => 0 [subCategories] => 1 [subCatColumns] => 2 [subCatTitle] => 0 [subCatTitleItemCounter] => 1 [subCatDescription] => 1 [subCatImage] => 1 [catItemTitle] => 1 [catItemTitleLinked] => 1 [catItemFeaturedNotice] => 0 [catItemAuthor] => 1 [catItemDateCreated] => 1 [catItemRating] => 0 [catItemImage] => 0 [catItemIntroText] => 1 [catItemIntroTextWordLimit] => 100 [catItemExtraFields] => 0 [catItemHits] => 0 [catItemCategory] => 1 [catItemTags] => 1 [catItemAttachments] => 0 [catItemAttachmentsCounter] => 0 [catItemVideo] => 0 [catItemVideoAutoPlay] => 0 [catItemImageGallery] => 0 [catItemDateModified] => 0 [catItemReadMore] => 1 [catItemCommentsAnchor] => 1 [catItemK2Plugins] => 1 [itemDateCreated] => 1 [itemTitle] => 0 [itemFeaturedNotice] => 1 [itemAuthor] => 0 [itemFontResizer] => 1 [itemPrintButton] => 1 [itemEmailButton] => 1 [itemSocialButton] => 1 [itemVideoAnchor] => 1 [itemImageGalleryAnchor] => 1 [itemCommentsAnchor] => 1 [itemRating] => 1 [itemImage] => 1 [itemImgSize] => Large [itemImageMainCaption] => 1 [itemImageMainCredits] => 1 [itemIntroText] => 1 [itemFullText] => 1 [itemExtraFields] => 1 [itemDateModified] => 1 [itemHits] => 1 [itemCategory] => 1 [itemTags] => 1 [itemAttachments] => 1 [itemAttachmentsCounter] => 1 [itemVideo] => 1 [itemVideoAutoPlay] => 0 [itemVideoCaption] => 1 [itemVideoCredits] => 1 [itemImageGallery] => 1 [itemNavigation] => 1 [itemComments] => 1 [itemTwitterButton] => 1 [itemFacebookButton] => 1 [itemGooglePlusOneButton] => 1 [itemAuthorBlock] => 0 [itemAuthorImage] => 0 [itemAuthorDescription] => 0 [itemAuthorURL] => 0 [itemAuthorEmail] => 0 [itemAuthorLatest] => 0 [itemAuthorLatestLimit] => 5 [itemRelated] => 1 [itemRelatedLimit] => 5 [itemRelatedTitle] => 1 [itemRelatedCategory] => 0 [itemRelatedImageSize] => 0 [itemRelatedIntrotext] => 0 [itemRelatedFulltext] => 0 [itemRelatedAuthor] => 0 [itemRelatedMedia] => 0 [itemRelatedImageGallery] => 0 [itemK2Plugins] => 1 [recaptcha] => ) [initialized:protected] => 1 [separator] => . ) [metadesc] => it is time to focus on lessening dependence on ODA. One way of doing this is to focus on domestic resources and on Innovative Financing for Development (IFD) [metadata] => robots= author= [metakey] => [plugins] => [language] => en-GB [category] => TableK2Category Object ( [id] => 2 [name] => English [alias] => english [description] => [parent] => 1 [extraFieldsGroup] => 0 [published] => 1 [image] => [access] => 1 [ordering] => 1 [params] => {"inheritFrom":"0","catMetaDesc":"Click here to view GVG's telecom and ICT solutions for revenue news, fraud management updates, revenue from telecom traffic stories and industry related news.","catMetaKey":"","catMetaRobots":"","catMetaAuthor":"","theme":"","num_leading_items":"2","num_leading_columns":"1","leadingImgSize":"Large","num_primary_items":"4","num_primary_columns":"2","primaryImgSize":"Medium","num_secondary_items":"4","num_secondary_columns":"1","secondaryImgSize":"Small","num_links":"4","num_links_columns":"1","linksImgSize":"XSmall","catCatalogMode":"0","catFeaturedItems":"1","catOrdering":"rdate","catPagination":"2","catPaginationResults":"1","catTitle":"1","catTitleItemCounter":"1","catDescription":"1","catImage":"0","catFeedLink":"1","catFeedIcon":"1","subCategories":"1","subCatColumns":"2","subCatOrdering":"","subCatTitle":"0","subCatTitleItemCounter":"1","subCatDescription":"1","subCatImage":"1","itemImageXS":"100","itemImageS":"200","itemImageM":"400","itemImageL":"600","itemImageXL":"900","catItemTitle":"1","catItemTitleLinked":"1","catItemFeaturedNotice":"0","catItemAuthor":"1","catItemDateCreated":"1","catItemRating":"0","catItemImage":"0","catItemIntroText":"1","catItemIntroTextWordLimit":"100","catItemExtraFields":"0","catItemHits":"0","catItemCategory":"1","catItemTags":"1","catItemAttachments":"0","catItemAttachmentsCounter":"0","catItemVideo":"0","catItemVideoWidth":"","catItemVideoHeight":"","catItemAudioWidth":"","catItemAudioHeight":"","catItemVideoAutoPlay":"0","catItemImageGallery":"0","catItemImageGalleryWidth":"","catItemImageGalleryHeight":"","catItemDateModified":"0","catItemReadMore":"1","catItemCommentsAnchor":"1","catItemK2Plugins":"1","itemDateCreated":"1","itemTitle":"0","itemFeaturedNotice":"1","itemAuthor":"0","itemFontResizer":"1","itemPrintButton":"1","itemEmailButton":"1","itemSocialButton":"1","itemVideoAnchor":"1","itemImageGalleryAnchor":"1","itemCommentsAnchor":"1","itemRating":"1","itemImage":"1","itemImgSize":"Large","itemImageMainCaption":"1","itemImageMainCredits":"1","itemIntroText":"1","itemFullText":"1","itemExtraFields":"1","itemDateModified":"1","itemHits":"1","itemCategory":"1","itemTags":"1","itemAttachments":"1","itemAttachmentsCounter":"1","itemVideo":"1","itemVideoWidth":"","itemVideoHeight":"","itemAudioWidth":"","itemAudioHeight":"","itemVideoAutoPlay":"0","itemVideoCaption":"1","itemVideoCredits":"1","itemImageGallery":"1","itemImageGalleryWidth":"","itemImageGalleryHeight":"","itemNavigation":"1","itemComments":"1","itemTwitterButton":"1","itemFacebookButton":"1","itemGooglePlusOneButton":"1","itemAuthorBlock":"0","itemAuthorImage":"0","itemAuthorDescription":"0","itemAuthorURL":"0","itemAuthorEmail":"0","itemAuthorLatest":"0","itemAuthorLatestLimit":"5","itemRelated":"1","itemRelatedLimit":"5","itemRelatedTitle":"1","itemRelatedCategory":"0","itemRelatedImageSize":"0","itemRelatedIntrotext":"0","itemRelatedFulltext":"0","itemRelatedAuthor":"0","itemRelatedMedia":"0","itemRelatedImageGallery":"0","itemK2Plugins":"1"} [trash] => 0 [plugins] => [language] => * [_tbl:protected] => #__k2_categories [_tbl_key:protected] => id [_tbl_keys:protected] => Array ( [0] => id ) [_db:protected] => JDatabaseDriverMysql Object ( [name] => mysql [serverType] => mysql [connection:protected] => Resource id #2 [nameQuote:protected] => ` [nullDate:protected] => 0000-00-00 00:00:00 [_database:JDatabaseDriver:private] => lslwi_web [count:protected] => 41 [cursor:protected] => Resource id #51 [debug:protected] => [limit:protected] => 1 [log:protected] => Array ( ) [timings:protected] => Array ( ) [callStacks:protected] => Array ( ) [offset:protected] => 0 [options:protected] => Array ( [driver] => mysql [host] => localhost [user] => lslwi [password] => ds5h3&1s [database] => lslwi_web [prefix] => r3sbg_ [select] => 1 [port] => [socket] => ) [sql:protected] => SELECT * FROM #__k2_items WHERE id != 137 AND catid=2 AND ordering < 55 AND published=1 AND ( publish_up = '0000-00-00 00:00:00' OR publish_up <= '2019-08-22 05:02:57' ) AND ( publish_down = '0000-00-00 00:00:00' OR publish_down >= '2019-08-22 05:02:57' ) AND access IN(1,1,5) AND trash=0 AND language IN ('en-GB','*') ORDER BY ordering DESC [tablePrefix:protected] => r3sbg_ [utf:protected] => 1 [utf8mb4:protected] => [errorNum:protected] => 0 [errorMsg:protected] => [transactionDepth:protected] => 0 [disconnectHandlers:protected] => Array ( ) ) [_trackAssets:protected] => [_rules:protected] => [_locked:protected] => [_autoincrement:protected] => 1 [_observers:protected] => JObserverUpdater Object ( [observers:protected] => Array ( ) [doCallObservers:protected] => 1 ) [_columnAlias:protected] => Array ( ) [_jsonEncode:protected] => Array ( ) [_errors:protected] => Array ( ) [link] => /news/itemlist/category/2-english ) [link] => /news/item/137-making-international-remittances-a-source-of-revenue [printLink] => /news/item/137-making-international-remittances-a-source-of-revenue?tmpl=component&print=1 [tags] => Array ( [0] => stdClass Object ( [id] => 88 [name] => remittances [published] => 1 [link] => /news/itemlist/tag/remittances ) [1] => stdClass Object ( [id] => 89 [name] => remittance [published] => 1 [link] => /news/itemlist/tag/remittance ) [2] => stdClass Object ( [id] => 12 [name] => revenue [published] => 1 [link] => /news/itemlist/tag/revenue ) ) [imageXSmall] => /media/k2/items/cache/910084c4eb3461ee8947cd42bdd4b146_XS.jpg [imageSmall] => /media/k2/items/cache/910084c4eb3461ee8947cd42bdd4b146_S.jpg [imageMedium] => /media/k2/items/cache/910084c4eb3461ee8947cd42bdd4b146_M.jpg [imageLarge] => /media/k2/items/cache/910084c4eb3461ee8947cd42bdd4b146_L.jpg [imageXLarge] => /media/k2/items/cache/910084c4eb3461ee8947cd42bdd4b146_XL.jpg [imageGeneric] => /media/k2/items/cache/910084c4eb3461ee8947cd42bdd4b146_Generic.jpg [attachments] => Array ( ) [votingPercentage] => 0 [numOfvotes] => (0 votes) [cleanTitle] => Making international remittances a source of revenue [author] => Joomla\CMS\User\User Object ( [isRoot:protected] => [id] => 797 [name] => Super User [username] => lsl_admin [email] => info@lslwi.com [password] => $2y$10$7qTvgXsRhLayE5FaXHj7i.yMkQqvcdrhgwqyM9JFyZX7NcNfMatey [password_clear] => [block] => 0 [sendEmail] => 1 [registerDate] => 2015-07-24 06:11:40 [lastvisitDate] => 2019-06-28 12:16:27 [activation] => 0 [params] => {"admin_style":"","admin_language":"","language":"","editor":"","helpsite":"","timezone":""} [groups] => Array ( [8] => 8 ) [guest] => 0 [lastResetTime] => 0000-00-00 00:00:00 [resetCount] => 0 [requireReset] => 0 [_params:protected] => Joomla\Registry\Registry Object ( [data:protected] => stdClass Object ( [admin_style] => [admin_language] => [language] => [editor] => [helpsite] => [timezone] => ) [initialized:protected] => 1 [separator] => . ) [_authGroups:protected] => [_authLevels:protected] => [_authActions:protected] => [_errorMsg:protected] => [userHelper:protected] => Joomla\CMS\User\UserWrapper Object ( ) [_errors:protected] => Array ( ) [otpKey] => [otep] => [link] => /news/itemlist/user/797-superuser [profile] => stdClass Object ( [id] => 1 [gender] => m [description] => [image] => [url] => [group] => 1 [plugins] => ) [avatar] => https://secure.gravatar.com/avatar/5d268a21cdef1fb340673a0413562c4a?s=100&default=http%3A%2F%2Fwww.lslwi.com%2Fcomponents%2Fcom_k2%2Fimages%2Fplaceholder%2Fuser.png ) [numOfComments] => 0 [videoType] => allvideos [text] =>

International remittance transactions and international mobile money transfers are forecast to grow in frequency, as users become more accustomed to using these services.

{K2Splitter}

International remittance transactions and international mobile money transfers are forecast to grow in frequency, as users become more accustomed to using these services. International migration also contributes to this growth, which includes an increase in the remittances sent by migrants to emerging countries. These remittances are equivalent to more than three times the size of Official Development Assistance (ODA), which is incidentally no longer seen as a sustainable solution.

 

In view of the above, it is time to focus on lessening the dependence on ODA. One secure and sustainable way of doing this is to focus on domestic resources and on Innovative Financing for Development (IFD), to determine new sources of revenue and to manage, leverage and protect these revenues. This could be done with the assistance of the global IFD specialist, LSL World Initiative, and its technological partners. The initiatives LSL suggests operate with revenues generated by a comprehensive suite of micro-contributions in key globalised sectors.

 

These revenues from IFD mechanisms could be ploughed into supporting emerging governments to support development projects in their countries.

 

Read the original article.

 

 

[jcfields] => Array ( ) [event] => stdClass Object ( [BeforeDisplay] => [AfterDisplay] => [AfterDisplayTitle] => [BeforeDisplayContent] => [AfterDisplayContent] => [K2BeforeDisplay] => [K2AfterDisplay] => [K2AfterDisplayTitle] => [K2BeforeDisplayContent] => [K2AfterDisplayContent] => [K2UserDisplay] => [K2CommentsCounter] => [K2CommentsBlock] => ) [image] => /media/k2/items/cache/910084c4eb3461ee8947cd42bdd4b146_L.jpg [imageWidth] => 600 [comments] => Array ( ) [nextLink] => /news/item/139-like-haiti-south-africa-can-benefit-from-the-innovative-financing-model [nextTitle] => Like Haiti, South Africa should look into innovative methods of financing its development [nextImageXSmall] => /media/k2/items/cache/7f2cd38b7681e6e2ef83b5a7a5385264_XS.jpg?t=1470667548 [nextImageSmall] => /media/k2/items/cache/7f2cd38b7681e6e2ef83b5a7a5385264_S.jpg?t=1470667548 [nextImageMedium] => /media/k2/items/cache/7f2cd38b7681e6e2ef83b5a7a5385264_M.jpg?t=1470667548 [nextImageLarge] => /media/k2/items/cache/7f2cd38b7681e6e2ef83b5a7a5385264_L.jpg?t=1470667548 [nextImageXLarge] => /media/k2/items/cache/7f2cd38b7681e6e2ef83b5a7a5385264_XL.jpg?t=1470667548 [nextImageGeneric] => /media/k2/items/cache/7f2cd38b7681e6e2ef83b5a7a5385264_Generic.jpg?t=1470667548 [previousLink] => /news/item/135-innovative-financing-could-propel-south-africa-s-development [previousTitle] => South Africa should use innovative financing to propel its development [previousImageXSmall] => /media/k2/items/cache/be7685026070406a215779b242f1aa2e_XS.jpg?t=1470667548 [previousImageSmall] => /media/k2/items/cache/be7685026070406a215779b242f1aa2e_S.jpg?t=1470667548 [previousImageMedium] => /media/k2/items/cache/be7685026070406a215779b242f1aa2e_M.jpg?t=1470667548 [previousImageLarge] => /media/k2/items/cache/be7685026070406a215779b242f1aa2e_L.jpg?t=1470667548 [previousImageXLarge] => /media/k2/items/cache/be7685026070406a215779b242f1aa2e_XL.jpg?t=1470667548 [previousImageGeneric] => /media/k2/items/cache/be7685026070406a215779b242f1aa2e_Generic.jpg?t=1470667548 [absoluteURL] => http://www.lslwi.com/news/item/137-making-international-remittances-a-source-of-revenue [emailLink] => /component/mailto/?tmpl=component&template=aaika&link=e6bbac594b8f1fbc93c6863e96c8a7ac53dab252 [twitterURL] => http://twitter.com/intent/tweet?text=Making+international+remittances+a+source+of+revenue&url=http%3A%2F%2Fwww.lslwi.com%2Fnews%2Fitem%2F137-making-international-remittances-a-source-of-revenue [socialLink] => http%3A%2F%2Fwww.lslwi.com%2Fnews%2Fitem%2F137-making-international-remittances-a-source-of-revenue [langTagForFB] => en_GB [langTagForTW] => en-gb [langTagForGP] => en-GB )

International remittance transactions and international mobile money transfers are forecast to grow in frequency, as users become more accustomed to using these services. International migration also contributes to this growth, which includes an increase in the remittances sent by migrants to emerging countries. These remittances are equivalent to more than three times the size of Official Development Assistance (ODA), which is incidentally no longer seen as a sustainable solution.

 

In view of the above, it is time to focus on lessening the dependence on ODA. One secure and sustainable way of doing this is to focus on domestic resources and on Innovative Financing for Development (IFD), to determine new sources of revenue and to manage, leverage and protect these revenues. This could be done with the assistance of the global IFD specialist, LSL World Initiative, and its technological partners. The initiatives LSL suggests operate with revenues generated by a comprehensive suite of micro-contributions in key globalised sectors.

 

These revenues from IFD mechanisms could be ploughed into supporting emerging governments to support development projects in their countries.

 

Read the original article.

 

 

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.