My presentation at Money Transfers Dubai (http://mtd2010.iamtn.org/) on 22nd March 2010.

1. Remittances: Lessons learned & Private sector opportunitiesMoney transfers Dubai 2010 Robert W. Meins Remittances Specialist Financing Facility for Remittances International Fund for Agricultural Development

2. The challenge:Remittances to rural areas

3. Kayunga A transfer of $200 is sent from the UK to Kuyunga, Uganda, 50 kilometers from the capital Kampala. The sender has two options: Send directly to Kuyunga using Western Union. Send to a competing firm in Kampala. Kampala

4. Picking up remittances in rural areas: Kayunga Kampala

5. The financial crisis &Remittances in 2010

6. Source: Most recent reporting from Central Banks

7. Source: Most recent reporting from Central Banks

11. Tunis recommendations Increase competition Empower market actors Achieve effective and efficient regulation Adopt new technologies Expand access to financial services Make more financial services available in rural areas

12. Financing Facility for Remittances $18 million dollar multi-donor fund Consultative Group for Assistance to the Poor European Commission Government Luxembourg Government Spain Inter-American Development Bank UN Capital Development Fund, and Housed at the International Fund for Agricultural Development FFR manages 40 projects in 38 countries around the globe Open to private, public and civil society organizations

13. What we do… Annual Calls for Proposals Global Forum on Remittances “Sending Money Home” series of studies RemittancesGateway.org portal Dissemination European Parliament G8 Working group on remittances Global Forum on Migration & Development Conferences

14. Why we do it… Lower the cost of remittances through competition Improve capillarity, service rural areas Broaden the scope of financial services Bank the unbanked … to empower migrant workers and their families to advance on the road to financial independence.

15. Projects FONKOZE Microfinance (Haiti) Solutions to rural challenges helped after earthquake Universal Postal Union Postal networks (Senegal) HIRDA (Netherlands-Somalia) Migrant organization

16. 2010 Call for proposals Grant financing for projects related to maximizing the development impact of remittances up to $250,000 for projects up to $500,000 for mobile financial services

17. Topic areas

18. Basic information Who can apply? Private sector Public sector Civil society Cross-sector partnerships encouraged Execution period: 2 years Deadline (short) concept proposals: June 7th 2010

19. Must have Legal status in country where you operate Audited financial statements Act on behalf of themselves (not as an intermediary) Provide counterpart 10-30% non-profit 50% for for-profit (minimum half of which in cash) Project must be in IFAD member count

20. RemittancesGateway.org Institutionally neutral platform Documents News Discussion Agenda Profiles All are welcome to contribute

21. Questions & answers

22. Contact information… Robert W. Meins R.Meins@ifad.org +39 06 5459 2059 www.ifad.org/remittances www.remittancesgateway.org