Central banks and UN working to improve remittance data
Flows are critical income sources for many economies, but data is often limited
Central banks are working together with an agency of the United Nations to improve data on remittances, which remains patchy despite the flows being critically important to many economies.
Even the best databases on remittance flows “lack some precision”, said Robin Gravesteijn, a lead researcher with the United Nations Capital Development Fund (UNCDF), which is working to make remittances cheaper and more accessible.
In remarks during a panel discussion today (June 8), Gravesteijn said data
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