Migrants contribute to development, yet their transfers are overcharged : why? and what can be done about it?; a perspective from Morocco
Date
2011
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Carnegie Middle East Center
Abstract
The total remittances for Morocco in 2010 in US dollars is $ 6.4 billion (90% from Europe; representing 8% of GDP). In the last decade remittances grew by an average rate of 9% per year, much faster than GDP and consumption. Seventy percent are sent through money-transfer operators (MTOs) and the national post-office (Barid Al Maghrib, Morocco’s Post Office). Instead of attempting to convince migrants to send more money, the government should first make sure that fees unfairly extracted on previous remittances be paid back. Barid Al Maghrib has an exclusivity agreement with Western Union.
Description
Meeting: IDRC Pre-ICN Forum on Competition and Development, May 17, 2011, The Hague, Netherlands
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Keywords
COMPETITION, LAW, REMITTANCES, MONETARY TRANSFERS, MIGRANT WORKERS, POVERTY ALLEVIATION, MOROCCO, COMPETITION LAW, MONOPOLIES, NORTH OF SAHARA