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Additional Bibliographic Information:
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Topical term or geographic name as Keyword:
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Remittances |
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Topical term or geographic name as Keyword:
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Migrant Workers |
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Topical term or geographic name as Keyword:
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Obstacles |
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Topical term or geographic name as Keyword:
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Gaps |
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Topical term or geographic name as Keyword:
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Management |
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Classification number:
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RES DAN |
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Place of publication, distribution, etc.:
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No 234, densil kobbekaduwa mw, koswatta,battaramulla |
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Name of publisher, distributor, etc.:
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S l b f e, publication |
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Date of publication, distribution, etc.:
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2025 |
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Extent:
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160 |
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Dimensions:
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30*21cm |
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Summary, etc. note:
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This insightful study, titled "Conduct a study on gaps and obstacles in remittance management of migrant workers," meticulously unpacks the complex challenges faced by migrant workers in sending money home. Based on its most significant findings, the book reveals a pervasive landscape of inefficiencies that diminish the value and impact of these crucial financial flows.
The research primarily highlights **high transaction costs** and **lack of transparency** in existing remittance services as major deterrents. It uncovers a persistent reliance on **informal remittance channels**, driven by factors such as limited access to formal banking infrastructure, particularly in remote receiving areas, and a general **lack of financial literacy** among migrant workers. Further significant obstacles include **cumbersome regulatory frameworks**, **lengthy processing times**, and a prevailing **lack of trust** in formal institutions among the migrant community.
These widespread gaps not only reduce the financial security and potential savings of migrant workers but also impede their families' ability to invest in education, healthcare, and sustainable livelihoods. Essential reading for policymakers, financial institutions, NGOs, and researchers, this book offers data-driven insights into the systemic issues at play, advocating for more equitable, efficient, and accessible remittance management solutions to empower migrant workers and their communities. |
