How Overregulation Chokes the Flow of Remittances to Somalia
March 18, 2015
Roughly $1.3 billion in remittances flow to Somalia every year. But heavy-handed regulation threatens to cut off this vital flow of money.
Roughly $1.3 billion in remittances flow to Somalia every year, at least a quarter of the country’s GDP. But harsh regulations in the West are making it ever more difficult for banks to work with money service businesses to send remittances to fragile, high-risk states, thus threatening to cut off this vital flow of money.
Since the 1960s, Americans have split into two camps on sex education: one side wants to teach kids how to make choices about sex, and the other wants to teach them to avoid it. That’s not an issue in most parts of the developing world, where the idea of youth as sexual decision-makers is simply anathema.
I was living in Ghana in February 2008 when U.S. President George W. Bush stopped by for a brief state visit. The local press was largely critical, especially regarding the U.S. war in Iraq. But there was one issue on which Ghanaians and the U.S. president clearly saw eye to eye: sex education.
At the time, Bush was trying to persuade Congress to boost funding for his campaign to fight global HIV/AIDS. There was just one hitch: one-third of the money would have to be earmarked for abstinence-only programs.
Zambia is managing a boom in its copper mining industry and is on the verge of repaying its international debts. Political uncertainty following President Michael Sata's death, however, could unravel the country's progress.
Last January, Zambian President Edgar Lungu of the Patriotic Front (PF) party was elected to replace late President Michael Sata by a small margin of 28,000 votes over his opponent, United Party for National Development (UPND) leader Hakainde Hichilema. With only 32 percent of registered voters casting ballots for either candidate, and given that the victor will only hold office for 20 months, the election could be seen as insignificant.
Council on Foreign Relations
Thursday, 03-26-15Nigeria's High Stakes ElectionsAfricas most populous country is holding tight elections amid a fierce insurgency and plummeting oil revenues. There are concerns that the vote could trigger a new round of instability, writes CFRs John Campbell.
Thursday, 03-19-15The Unfinished Health Agenda in Sub-Saharan AfricaIn his testimony before the Senate Foreign Relations Subcommittee on Africa and Global Health Policy, Thomas J. Bollyky argues that continued U.S. and private sector leadership on the unfinished health agenda in Africa is as important now as it has been in the past and for the same reasons: a peaceful, inclusive economy presupposes healthier, more productive lives.
Thursday, 03-05-15Political Instability in ZimbabweThe United States should position itself to take advantage of a post-Mugabe transition by working with other countries of the southern African region to limit the risk of civil violence in Zimbabwe and to lay the groundwork for a better future.
Thursday, 02-26-15Security and Democratic Governance in NigeriaJohn Campbell, CFRs Ralph Bunche senior fellow for Africa policy studies, discusses the political and security implications of Nigerias Independent National Elections Commissions decision to postpone the February 14, 2015 presidential elections until March 28, 2015, as part of CFR's Academic Conference Call series.
Thursday, 02-26-15Apartheid's Long ShadowApartheids legacy of mistrust and prejudice has prevented South Africa from establishing a truly stable multiracial democracy. But increasing contact among the races and the emergence of a black middle class offer hope of reducing the role of race in national politics.
Monday, 02-23-15Power to the PoorInternational donors have many compelling causes to choose from, but reducing energy povertya plight afflicting over two billion peopleshould rank among the very top. The poor need energy to alleviating all their other problems, from poor health to unemployment to instability.
Friday, 02-06-15Nigeria's 2015 Presidential ElectionThe 2015 elections again may precipitate violence that could destabilize Nigeria, and Washington has even less leverage in Abuja than it did in 2011. CFR Senior Fellow for Africa Policy Studies John Campbell analyzes new concerns about Nigeria's fraught politics.
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