Category: Donald Terry

Remittances: More bang for the buck

May 14th, 2014 in 2014, Centers & Institutes in the News, Donald Terry, Newsmakers, School of Law 0 comments

The Africa Report
Donald Terry, School of Law, Center for Finance, Law & Policy

Remittances are a cornerstone of many African economies, but little data exists on their volume. A new push aims to shed light on the transfers and to maximise their potential…

Expert quote:

“According to the official figures, sub-Saharan Africa gets around $32bn in remittances. That’s 49 countries, and Nigeria get around two-thirds of that, say $22bn. That means all the rest of the countries send home only $10bn. It’s an absurdity.”

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AFRICA INVESTMENT-Remittances to Africa carry a high price tag

June 7th, 2013 in 2013, Donald Terry, Newsmakers, Reuters, School of Law 0 comments

Reuters
Donald Terry, School of Law

In his 2009 album Troubadour, Somali rapper K’naan dedicates the song “15 Minutes Away” to “everybody that’s had to wait on a money transfer” and complains, “it’s kind of wack when they charge you like 10 percent on the dollar.”…

Expert quote:

“It’s expensive to be poor. There are more payout locations in one country Mexico, which receives $24 billion a year, than in the entire continent of Africa. Not only is it expensive, it’s extremely inconvenient.”

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Channelling cash

May 23rd, 2013 in 2013, Centers & Institutes in the News, Donald Terry, Newsmakers, School of Law, The Economist 0 comments

The Economist
Donald Terry, School of Law, Center for Finance, Law & Policy

The world economy may be struggling, but foreign remittances continue to grow…

Expert quote:

“The marriage between remittances and microfinance has not happened.”

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