Microfinance can be a powerful force in disaster recovery
The cost of disasters far outweighs the resources available for recovery. Microfinance could be one way to fill the funding gap.
Migration and remittances can speed up Asia’s development. Here’s how
Governments and the private sector should work together to protect migrants’ welfare and channel remittances into productive investments.
Preparing (financially) for disasters in Nepal
Disaster-prone countries should get ahead of the curve and set aside funds for disasters – before they happen.
Microloans start flowing to quake-affected families in Nepal
Microfinance provides post-disaster relief and support quickly, reduces the cost of recovery financing, reduces aid dependency, and builds long-term resilience.
Asia could use diaspora bonds to finance development
The success of these financial instruments in India and Nigeria shows that patriotic ties can be a powerful incentive for diaspora members to invest in their home countries.
How to channel migrant remittances to deliver growth
Migrant remittances, a lifeline for many developing countries in Asia and the Pacific, have grown dramatically with barely any support by the public sector or donor agencies. A recent ADB forum discussed how governments can make better use of this money to create domestic job opportunities.
Countries and migrant workers pay high price for the benefits of remittances
Every year, millions of people cross borders to work abroad. People migrate for various reasons, but for the majority of migrant workers, they are compelled by poverty and lack of job opportunities in their home countries.