The U S Honduras Remittance Corridor

This paper provides an overview of remittances and migration between Honduras and the United States and analyzes the remittance regulatory and market environment, including financial inclusion strategies, transnational economic activities, and the impact of remittances on the Honduran economy. 'The U.S.-Honduras Remittance Corridor' makes policy recommendations to the authorities of Honduras and the United States, especially for regulatory reforms that promote the integrity and efficiency of money transfer businesses. We also recommend the development of financial infrastructures in rural areas for better distribution of remittances. Furthermore, we suggest that public policy should be more focused on building an environment for investment in the community and developing local businesses that export to Honduran communities abroad.

The report is part of the Bilateral Remittance Corridor Analysis (BRCA) initiative. The report US-Honduras Remittance Corridor: Acting on Opportunity to Increase Financial Inclusion and Foster Development of a Transnational Economy provides an overview of remittances and migration between the Honduras and the United State. The report analyzes the remittance regulatory and market environment, financial inclusion strategies by financial institutions, transnational economic activities, and the impacts of remittances on the Honduran economy. The chapter 2 provides analysis of remittance market environment including factors that influence migrants' choices of remittance channels, remittance market by type of remittance service providers, and cost of sending remittances. The chapter also analyzes regulatory frameworks including detailed requirements for financial institutions to conduct remittance services and requirements to comply with the anti-money laundering and combating the financing of terrorism framework in both the United States and Honduras. The chapter 3 examines remittances and access to financial services as well as financial inclusion strategies by financial institutions. The chapter four analyzes the development impact of remittances in rural Honduras through transnational economy, networks and diaspora engagement. These analyses of the U.S.-Honduras remittance corridor have led to a set of policy recommendations for the authorities of Honduras and the United States. Regulatory reforms in the remittance markets are urgently recommended in order to promote the integrity and efficiency of money transfer businesses. The report also recommends the development of financial infrastructures in rural areas for better distributions of remittances. It is recommended that public policy be directed to building an environment for diaspora's investments in the community and local business for exports to Honduran communities abroad.

The experience of Mexican nationals who send money home from the United States forms the basis for this study. The authors identify three stages of the remittance process: the First Mile, when decisions are in the hands of the remittance sender; the Intermediary Stage, comprising systems that facilitate the cross-border transfer of funds; and the Last Mile, where the funds reach the hands of the remittance recipient. This analysis, covering the last eight years, may provide guidance for other remittance sending and receiving countries that seek to encourage formalization of the flow.

The experience of Mexican nationals who send money home from the United States forms the basis for this study. The authors identify three stages of the remittance process: the First Mile, when decisions are in the hands of the remittance sender; the Intermediary Stage, comprising systems that facilitate the cross-border transfer of funds; and the Last Mile, where the funds reach the hands of the remittance recipient. This analysis, covering the last eight years, may provide guidance for other remittance sending and receiving countries that seek to encourage formalization of the flow.

This study gives an overview of the intermediation of worker remittance flows from the United States to Guatemala. In contrast to other remittance corridors in the world, most transfers in this corridor are channeled in the United States through the formal sector, and distributed in Guatemala through the banking system. However, both senders and receivers have little access to financial products and services. This study argues that in a country characterized by high income inequality and low and concentrated access to credit, the large role played by domestic banks in distributing remittances seems promising in terms of creating a point of contact that could lead to cross-sales of other financial services. The report also argues that authorities have an important coordination and catalytic role to play, for increased efficiency in remittance intermediation, fostering competition, and ultimately highlighting the potential for greater access. The report concludes with specific avenues for further policy action in terms of transparency, regulatory environment, financial literacy and access, risk

The book offers new concepts and theory for the study of international migration by weaving together diverse strands of arguments related to international migration in ways not attempted before. Throughout the chapters, the book brings together original and cross-disciplinary theoretical explorations and original case studies. It also provides a rather global coverage of the phenomena under study, covering migrant destinations in Europe, the United States and Asia, and migrant sending regions in Africa, Asia and Latin America.

Central America constitutes a fascinating case study of the challenges, opportunities and characteristics of the process of transformation in today’s global economy. Comprised of a politically diverse range of societies, this region has long been of interest to students of economic development and political change. The Handbook of Central American Governance aims to describe and explain the manifold processes that are taking place in Central America that are altering patterns of social, political and economic governance, with particular focus on the impact of globalization and democratization. Containing sections on topics such as state and democracy, key political and social actors, inequality and social policy and international relations, in addition to in-depth studies on five key countries (Costa Rica, Nicaragua, El Salvador, Honduras and Guatemala), this text is composed of contributions from some of the leading scholars in the field. No other single volume studies the current characteristics of the region from a political, economic and social perspective or reviews recent research in such detail. As such, this handbook is of value to academics, students and researchers as well as to policy-makers and those with an interest in governance and political processes.

How is race defined and perceived in America today, and how do these definitions and perceptions compare to attitudes 100 years ago... or 200 years ago? This four-volume set is the definitive source for every topic related to race in the United States. In the 21st century, it is easy for some students and readers to believe that racism is a thing of the past; in reality, old wounds have yet to heal, and new forms of racism are taking shape. Racism has played a role in American society since the founding of the nation, in spite of the words "all men are created equal" within the Declaration of Independence. This set is the largest and most complete of its kind, covering every facet of race relations in the United States while providing information in a user-friendly format that allows easy cross-referencing of related topics for efficient research and learning. The work serves as an accessible tool for high school researchers, provides important material for undergraduate students enrolled in a variety of humanities and social sciences courses, and is an outstanding ready reference for race scholars. The entries provide readers with comprehensive content supplemented by historical backgrounds, relevant examples from primary documents, and first-hand accounts. Information is presented to interest and appeal to readers but also to support critical inquiry and understanding. A fourth volume of related primary documents supplies additional reading and resources for research.