The U.S.- Honduras Remittance
            Corridor : Acting on Opportunities to Increase Financial
            Inclusion and Foster Development of a Transnational Economy

Endo, Isaku; Hirsch, Sarah; Rogge, Jan; Borowik, Kamil

The U.S.- Honduras Remittance Corridor : Acting on Opportunities to Increase Financial Inclusion and Foster Development of a Transnational Economy

Autores

Editor

World Bank

Descripción

This report on the U.S.- Honduras remittance corridor describes the remittance regulatory and market environment, financial inclusion strategies by financial institutions, transnational economic activities, and the impacts of remittances on the Honduran economy. Six areas provide the focus of this report: (i) regulatory reforms for the remittance market are urgent in order to improve clarity in regulations as well as to include money transfer companies in the regulatory framework; (ii) money service businesses will benefit from an examination of state regulation and their subsequent harmonization and coordination; (iii) rural areas need to improve distributive infrastructure to better reap the benefits of the remittance flows; (iv) financial education and awareness for Honduran migrant communities are critical components with the overall remittance flow equation; (v) the regulatory environment of remittance flows would be greatly enhanced through the promotion, inclusion, and expansion of proper identification; and (vi) public policies can be directed to building an environment for diaspora investments in the community and local business developments for exports to Honduran communities abroad.

Palabras clave

ACCESS TO REMITTANCE SERVICES, ACCESS TO SERVICES, AMOUNTS OF REMITTANCES, ANNUAL REMITTANCES, ARMED CONFLICT, ARMED CONFLICTS, BANK ACCOUNT, BANK ACCOUNTS, BANK SECRECY ACT, BENEFICIARIES OF REMITTANCES, CAPITA INCOME, CAPITAL FLOWS, CASH REMITTANCES, CASH TRANSFER, CHECK CASHING, CITIZEN, CITIZENS, CITIZENSHIP, COLLECTIVE REMITTANCES, COMMUNITY DEVELOPMENT, CONSULAR IDENTIFICATION CARDS, COUNTRIES OF DESTINATION, COUNTRIES OF ORIGIN, COUNTRY OF DESTINATION, COUNTRY OF ORIGIN, COURIER COMPANIES, COURIER SERVICES, CREDIT UNIONS, CURRENCY TRANSACTION, DEPOSIT INSURANCE, DESTINATION COUNTRY, DEVELOPING COUNTRIES, DEVELOPMENT ASSISTANCE, DEVELOPMENT IMPACT OF REMITTANCES, DIASPORA, DIRECT DEPOSIT, DISSEMINATION, DISTRIBUTION OF REMITTANCES, ECONOMIC GROWTH, EMIGRATION, EXCHANGE RATE, EXTENDED SERVICES, FAMILY MEMBERS, FEMALE CLIENTS, FEMALE MIGRANTS, FINANCIAL CONTRIBUTION, FINANCIAL FLOWS, FINANCIAL INSTITUTION, FINANCIAL LITERACY, FINANCIAL PRODUCTS, FINANCIAL SERVICES, FLOWS OF REMITTANCES, FOREIGN EXCHANGE, FOREIGN EXCHANGE BUREAUS, GROSS DOMESTIC PRODUCT, GROSS NATIONAL PRODUCT, HEALTH INSURANCE, HOME COMMUNITIES, HOME COUNTRIES, HOME COUNTRY, HOME DELIVERY, HOMELAND SECURITY, HOST COUNTRIES, HOST COUNTRY, HOUSEHOLD INCOME, HOUSEHOLD LEVEL, IMMIGRANT, IMMIGRANT POPULATION, IMMIGRANTS, IMMIGRATION, IMMIGRATION ACT, IMPACT OF MIGRATION, INCOMES, INFORMAL ECONOMY, INFORMAL TRANSFERS, INTERNAL MIGRANTS, INTERNAL MIGRATION, INTERNATIONAL MIGRANTS, INTERNATIONAL MIGRATION, INTERNATIONAL MONEY TRANSFER, INTERNATIONAL ORGANIZATION FOR MIGRATION, INTERNATIONAL REMITTANCE, INVESTMENT IN EDUCATION, IRREGULAR MIGRANTS, IRREGULAR MIGRATION, JOB OPPORTUNITIES, KINSHIP, KNOWLEDGE OF REMITTANCES, LABOR FORCE, LABOR MARKET, LEGAL MIGRATION, LEGAL STATUS, LEVEL OF EDUCATION, LOCAL COMMUNITIES, LOCAL CURRENCY, LOCAL DEVELOPMENT, LOCAL ECONOMY, MIGRANT ASSOCIATIONS, MIGRANT COMMUNITIES, MIGRANT GROUPS, MIGRANT NETWORKS, MIGRANT WORKERS, MIGRANTS, MIGRANTS ASSOCIATIONS, MIGRANTS SENDING REMITTANCES, MIGRATION, MIGRATION DATA, MIGRATION PATTERNS, MIGRATION POLICY, MIGRATION PROCESS, MIGRATION STATISTICS, MONEY LAUNDERING, MONEY TRANSFER, MONEY TRANSFER COMPANIES, MONEY TRANSFER OPERATION, MONEY TRANSFER OPERATOR, MONEY TRANSFER SERVICE, MONEY TRANSFER SERVICE PROVIDERS, MONEY TRANSFERS, MONEY TRANSPORT, NATIONAL ACTION, NATIONAL ACTION PLAN, NATIONAL COMMITTEE, NATIONAL POLICY, NATIONAL STRATEGY, NATIONALS, NUMBER OF HOUSEHOLDS, NUMBER OF MIGRANTS, OVERSEAS REMITTANCES, POLICY MAKERS, POSTAL SERVICES, POTENTIAL MIGRANTS, PRIMARY EDUCATION, PUBLIC DISCUSSION, PUBLIC POLICY, PULL FACTOR, PUSH FACTORS, RECIPIENTS OF REMITTANCES, REFUGEES, REGULATORY FRAMEWORK, REMITTANCE, REMITTANCE CHANNELS, REMITTANCE CORRIDORS, REMITTANCE DISTRIBUTION, REMITTANCE FLOW, REMITTANCE FLOWS, REMITTANCE INDUSTRY, REMITTANCE INFLOWS, REMITTANCE MARKET, REMITTANCE PAYMENTS, REMITTANCE PRODUCTS, REMITTANCE RECEIVERS, REMITTANCE RECEIVING, REMITTANCE RECEIVING COUNTRIES, REMITTANCE RECEIVING HOUSEHOLDS, REMITTANCE RECIPIENTS, REMITTANCE SENDERS, REMITTANCE SERVICE, REMITTANCE SERVICE PROVIDERS, REMITTANCE SERVICES, REMITTANCE TRANSACTIONS, REMITTANCE TRANSFERS, REMITTANCES, REMITTANCES FLOWS, REMITTANCES FROM MIGRANTS, REMITTANCES SERVICES, REMITTANCES TRANSFERS, RESPECT, RETURN MIGRATION, RISK FACTORS, RURAL AREAS, RURAL COMMUNITIES, SAVINGS ACCOUNTS, SEND MONEY, SEND REMITTANCES, SERVICE PROVIDER, SERVICE PROVIDERS, SKILLED MIGRANTS, SOCIAL INFRASTRUCTURE, SOCIAL SECURITY, SPECIES, TEMPORARY MIGRANTS, TEMPORARY PROTECTION, TEMPORARY WORK, TERTIARY EDUCATION, TRANSFER COSTS, TRANSFER SERVICES, TRANSNATIONAL NETWORKS, UNDOCUMENTED MIGRANT, UNDOCUMENTED MIGRANTS, UNFPA, UNIONS, UNSKILLED LABOR, URBAN AREAS, USE OF REMITTANCES, WARS, WORKFORCE, YOUNG PEOPLE