Remittances sent home by emigrants and their offspring —the diaspora—keep many households in their countries of origin afloat. A new paper from OEF Researchers Victor Odundo Owuor and Jay Benson asks if remittances can be used to do more than just support every day, basic needs, but be used to catalyze private sector development, increase employment, and drive macroeconomic growth. The report explores a variety of investment mechanisms and public policies which might allow these remittances to be a sustainable source of foreign direct investment.
