Reducing fees for international remittances

In a communique in July 2009, G8 development ministers called for the
commission charged on making remittances to be halved, from the present
ten percent to five percent in 5 years. The communiqué indicated that the
measure would free up $12 to $15 billion for immigrants’ home countries.

White paper written by: Neil Burton, Director of Product, Earthport - July 2009