Somalia: Somali Remittances Update - Banking Up the Wrong Tree

analysis

In a recent blog "Anti-Money Laundering Regulations: Can Somalia survive without remittances" the World Bank's Sonia Plaza warned of the deleterious and undesirable effects of interrupting remittance flows to Somalia.

This is a timely reminder. Following the inaugural meeting of the UK government's Action Group on Cross-Border Remittances, the Working Group on a Safer Corridor for UK-Somali Remittances starts work on Monday 17 February. The World Bank is part of both the Advisory Group and the Technical Implementation Group for this welcome initiative.

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