Migration, Remittances, and the Financing of Development

Yao, Koffi Yves and Kouakou, Auguste Konan and UNSPECIFIED (2025): Migration, Remittances, and the Financing of Development.

Abstract

This paper examines the essential role of migration and remittances in development across sub-Saharan Africa, with a particular focus on Côte d’Ivoire. It demonstrates that these financial flows help alleviate poverty and stabilise the economy in the short term while fostering long-term development through investments in human capital, entrepreneurship, and social protection. However, several challenges persist: excessive reliance on remittances may hinder local productivity, weaken exports, and increase import dependency. The paper recommends policies aimed at economic diversification, enhanced financial inclusion, reduced transfer costs, and better-coordinated migration policies to maximise the developmental benefits of remittances.

• Item Type: MPRA Paper
• Language: English
• Keywords: Migration, Remittances, Financing of Development
• Subjects: F - International Economics > F2 - International Factor Movements and International Business > F22 - International Migration; F - International Economics > F2 - International Factor Movements and International Business > F24 - Remittances; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development

References

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