Participants

Participation will be solicited from international organizations (such as the IMF, Eurostat, the United Nations), national statistical offices and central banks of countries that are major sources or recipients of remittances. The list of relevant countries to be invited to include – for e.g., G-20 members, members of the Call to Action to Facilitate Remittances, and a few Small Island States and Fragile countries. The World Bank through KNOMAD will provide the Secretariat.

Duties and responsibilities of the participants will include the following:

  1. Improvements in source data for remittance flows (data gaps to be addressed; data collected to be adequate for the compilation of these stats) ▪ Money Transfer Operator (MTOs) ▪ Banks ▪ Other official channels ▪ Unregulated • Unregulated – in Kind • Unregulated - in Cash
  2. Capturing and analyzing the high frequency remittance flows data (monthly quarterly, Big Data)
  3. Improvements in staffing capacity (through training, especially on developing source data on remittance flows, compilation methods, and dissemination)
  4. Improving data compilation methodology for remittance flows (misclassifications mentioned above; inconsistency; duplications)
  5. Developing models of capturing/estimating the unregulated flows of remittances
  6. Improving remittance flows data dissemination practices (compile longer time series; bilateral breakdown; new data by country, by gender, by type/channel; clear distinction of personal transfers; compensation of employees; and travel services).

Remittance service providers and the civil society will be briefed and consulted at various stages of the Working Group’s deliberations.