The U.S.-Honduras Remittance Corridor

Download or read book The U.S.-Honduras Remittance Corridor written by Isaku Endo and published by World Bank Publications. This book was released on 2010-03-12 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an overview of remittances and migration between Honduras and the United States and analyzes the remittance regulatory and market environment, including financial inclusion strategies, transnational economic activities, and the impact of remittances on the Honduran economy. 'The U.S.-Honduras Remittance Corridor' makes policy recommendations to the authorities of Honduras and the United States, especially for regulatory reforms that promote the integrity and efficiency of money transfer businesses. We also recommend the development of financial infrastructures in rural areas for better distribution of remittances. Furthermore, we suggest that public policy should be more focused on building an environment for investment in the community and developing local businesses that export to Honduran communities abroad.