Institutional Support for Migrant Workers' Remittances

Date: December 2010
Country:
Subject:
Document Type: Grant Assistance Reports
Project Number: 42149-012

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Description

Background information on the proposed Japan Fund for Poverty Reduction (JFPR) grant for the Institutional Support for Migrant Workers' Remittances in Bangladesh, including the rationale for grant funding versus ADB lending. The objective of the grant is sustainable welfare improvement and poverty reduction among Bangladeshi migrant workers, including returnee workers, and their families through (i) easier access to reliable formal remittance services, (ii) improved awareness and availability of remittance information, (iii) training to increase remittance and financial literacy, (iv) access to opportunities to invest remittance income, and (v) access to support in setting up microenterprises.