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Table of Contents

                            Introduction and Overview
	Background and Objective of the Report
	Organization of the Report
Magnitude and Pattern of Migration and Remittances
	Introduction
	Labor Migration—Stylized Facts
	Impact of Migration and Remittances
	Migration-Related Policy Issues
	Conclusion
Dynamics of Remittances
	Introduction
	Cyclical Behavior of Remittances in Theory
	Cyclical Features of Remittances
	Remittances and Consumption Stability
	Conclusion
Financial Literacy Programs for Remittances
	Introduction
	Financial Literacy Programs
	Good Practices
	Conclusion
Leveraging Remittances for Financing for Development
	Introduction
	Improving Remittance Data
	Reducing the Costs of Remittances
	Fostering the Use of Innovative Money Transfer Technologies
	Mobilizing Diaspora Savings and Leveraging Remittances for Bond Financing
	Remittances as Collateral for International Borrowing
	Remittances, Country Creditworthiness, and Financial Inclusion
Channeling Remittances and Diaspora Savings for Investments
	Introduction
	Issues in Channeling Remittances for Development
	Promoting Migrant Investments for Development
	Conclusion
Future Flow Remittance Transactions
	What Are “Future Flow” Financings?
	What Are “Diversified Payment Rights?”
	Transaction Structure
	Example Transactions
	How Can a Country Promote “Future Flows” to Support Domestic Development?
	Conclusion
Conclusion—Promoting Migration and Remittances for Development in Asia
	Status of Migration and Remittances in Asia
	Migration Management Policy Recommendations
	Remittances for Investment Policy Recommendations
	Training and Financial Literacy Policy Recommendations
	Conclusion