Over the past decade the MIF funded more than 40 remittances-related projects, totaling over $45 million in technical assistance and $22 million in loans and equity investments. These projects involved a wide range of partners, including 175 financial institutions, and reached approximately 500,000 low-income people.
Lessons learned from these experiences are now being applied to financial projects involving a variety of payment and transfer systems, linking them with financial products and services tailored to the needs of the poor, particularly in underserved areas such as rural communities.
The MIF organizes conferences such as RemesAmericas to convene leaders from regulating agencies, money transfer companies, banks, microfinance institutions, technology companies, migrant associations and other stakeholders. Besides disseminating new ideas and promoting best practices, these forums offer participants opportunities to make contacts and establish strategic alliances.