Objectives of the Working Group

The Working Group will: (a) attempt to monitor progress in the implementation of the remittance data compilation guidelines in accordance with BPM6; (b) improve timeliness and granularity of the remittances data (frequency, corridors, channels, types of senders and recipients); (c) improve cross- country and time series comparability of remittances inflows and outflows; and (d) improve international cooperation in the collection, compilation and dissemination of remittance statistics, including capacity building.

To that end the Working Group would: (a) draw on analyses of data collected through existing mechanisms, (b) strengthen the network for information flows among various institutions; and (c) maximize the benefits of information captured within the framework of the Compilation Guide on Remittances, BoP/IIP.