The International Fund for Agricultural Development (IFAD) and the African Development Bank (AfDB) in collaboration with the Inter-American Dialogue (IAD) organized the Global Forum on Remittances 2009, in Tunis. This was held on 22 and 23 of October 2009.
Africans are relying more than ever on cash sent home by relatives working abroad, yet a big chunk of the money gets wasted or lost according to a United Nations study released recently. As much as 20 percent of what workers pay to support families in Africa can get swallowed up in transaction costs.
This report from Voice of America’s “In Focus” examines some of the issues raised at the forum.
