The importance of money transfer operators and the issue of de-risking in the Pacific Islands

Alliance for Financial Inclusion Blogs

John Owens

Dr. Sione Ngongo Kioa, Governor at the National Reserve Bank of Tonga (far right) and Ms. Maiava Atalina Emma Ainuu-Enari, Governor at the Central Bank of Samoa (second from right), discuss MTOs with John Owens, senior policy advisors at AFI (middle), and Robert Bell, founder at KlickEx (far left). Dr. Sione Ngongo Kioa, Governor at the National Reserve Bank of Tonga (far right), and Ms. Maiava Atalina Emma Ainuu-Enari, Governor at the Central Bank of Samoa (second from right), discuss the issue of de-risking and MTOs with John Owens, senior policy advisor at AFI (middle), and Robert Bell, founder at KlickEx (far left), at the launch of the Pacific Islands Regional Initiative in Dili, Timor-Leste.

The issue of de-risking and the related impact on remittances has arisen recently at a series of high-level conferences and forums across the Alliance for Financial Inclusion (AFI) Network. During the G24-AFI Policymakers’ Roundtable in Washington, DC, there was a clear reference to the threat to financial inclusion posed by de-risking strategies of international banks, especially in countries where remittances form an essential part of financial safety net. The G20 Global Partnership for Financial Inclusion has committed to lowering the costs of remittances…

View original post 802 more words

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s