Study on Improving the Efficiency of Worker's Remittances in Mediterranean Countries

With a few qualifications, the potential beneficial impact of workers' remittances on the development of recipient countries is now widely accepted. However, there is evidence in the existing literature that workers' remittances are generally hampered by high transfer costs and that the efficiency of their use in recipient countries is constrained. 
The European Investment Bank has asked ECORYS to analyze the remittance market  between Europe and eight Mediterranean Partner Countries (MPCs) , and, to come up with concrete recommendations for improving the efficiency of remittance flows. With this aim in mind, the study has been conducted in two stages. The first stage has
been dedicated at taking stock of the existing situation. he second stage of the study provides recommendations based on the analysis and addresses which priority issues are needed to improve the efficiency of remittance flows
between Europe and MPCs and how priority actions can feasibly be implemented.