…countries. In fact, remittances account for more than one-third of the GDP for Liberia, Eritrea and Somalia. The SDG pertaining to remittances calls for the fees to fall 3 percent…
People from developing countries who work internationally are sending less money home. It is the second consecutive year remittances dropped, making it the first significant decline in three decades. The…
…Treasury Department in June. The problems are similar to the challenges seen in Somalia. Banks have slowly shut down operations involving the sending of remittances to the country over concerns…
…sharply warned that this is a bad idea and campaigned actively against the elimination of avenues for remittances to reach Somalia. While the issues at hand differ, the basics remain…
…(ABC-Australia http://ab.co/1PmM7Cn) Expressing concern over the impact on vital remittances from diaspora countries into Somalia caused by “necessary but less considered counter-terrorism regulations,” United Nations rights experts today warned the…
…United States has reopened its diplomatic mission to Somalia, the U.S. State Department said on Tuesday, marking the latest step to restore diplomatic ties since the U.S. withdrawal from the…
…open letter from 15 NGOs – including Oxfam, Mercy Corps, CARE and World Vision Somalia – warned of the negative consequences for people in Somalia and the NGOs themselves. “[A]…
…remittance accounts to Somalia over money laundering and terrorism funding concerns. Now, it is uncertain whether the $1.3 billion sent to Somalia each year will make it this year. As…
…provides for a significant portion of the country’s population – as much as 40 percent. Remittances represent roughly 35 percent of Somalia’s gross domestic product. They are so significant that…
…the world, such as Somalia. The 14% of total humanitarian assistance that is represented by non-DAC countries is a growing number and an important shift. While the big numbers are…