Uganda's Remittance Corridors from United Kingdom, United States, and South Africa: Challenges to Linking Remittances to the Use of Formal Services (World Bank working paper ; no. 201)

'This report, Remittance Corridors to Uganda: United Kingdom, United States, and South Africa, analyzes and compares three bilateral remittance corridors. The comparison highlights similarities and differences and the significance of the remittance-sending countries to Uganda in terms of volume, corridor formality, risks, and vulnerability to money laundering. It also describes Uganda as a remittance-receiving country and outlines the remittance flows, market players, distribution network, access and usage of remittance, regulatory framework, and measures taken toward anti-money laundering and combating financing of terrorism (AML/CFT). The issues and challenges faced by Uganda are identified and policy recommendations are made for both Uganda and remittance-sending countries.' The purpose of this study is to gather a broad spectrum of remittance data related to Uganda and the three remittance corridors and compile such information in a comprehensive report with a view to sharing knowledge and expertise. In addition to knowledge sharing, it is expected that the information and findings in this report will assist the authorities in developing the Ugandan remittance market and mitigating related risks. Being the first Bilateral Remittance Corridor Analysis (BRCA) report to be conducted with the partnership of a local authority adds to the significance of the endeavor. This report comprises five chapters with supporting annexes. The first chapter is a introductory chapter continues with data showing remittance trends from a global perspective and in Sub-Saharan Africa and their comparison with those of Uganda. Chapter two analyzes and compares the three remittance-sending countries in terms of remittance flows, remittance mechanisms and related costs, and regulations. Chapter three focuses onUganda as a remittance-receiving country, describing the remittance flows, market players, distribution network, access. Chapter four summarizes the main findings and observations. This report presents policy recommendations for Uganda as well as for remittance-sending countries in the final chapter Introduction -- Analysis Of Three Remittance-sending Countries -- Analysis Of Uganda As A Remittance-receiving Country -- Findings And Observations -- Recommendations -- Annex A. Estimation Of Remittance Flows To Uganda From The United Kingdom, United States, And South Africa -- Annex B. Use Of Remittances In Uganda -- Annex C. Remittance Impact On Housing Finance In Uganda -- Annex D. Overview Of Migrant Workers In The United Kingdom, United States, And South Africa. Isaku Endo, Jane Namaaji, Anoma Kulathunga. Includes Bibliographical References.