国产AV

Remittances have become a vital economic lifeline for many families in North Africa, significantly impacting the region’s development. In 2022, North African countries received nearly $48 billion in remittances, a figure that represents a substantial portion of the region’s GDP. Remittances account for 70% of the total foreign financial sources, while Official Development Assistance (ODA) and Foreign Direct Investment (FDI) make up a smaller portion, at 17% and 13% respectively.

Despite facing various challenges, such as regulatory barriers and informal transfer channels, North Africa is witnessing a rise in initiatives aimed at mobilizing the African diaspora and enhancing the developmental impact of remittances. These efforts are particularly focused on exploiting the potential of mobile money and digital payment systems, which are pivotal in strengthening economic resilience and fostering growth in the region.

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