See also;

US signs historic deal with El Salvador and Honduras for remittance securitization

In a speech in New York City on September 22, Secretary of State Hillary Clinton explained how BRIDGE would work to raise critically needed development funding:

“…Now, if they [migrants] send these remittances through the formal financial system, they create huge funding flows that are orders of magnitude larger than any development assistance we can dream of. By harnessing the potential of remittances, BRIDGE will make it easier for communities in El Salvador and Honduras to get the financing they need to build roads and bridges, for example, to support entrepreneurs, to make loans, to bring more people into the financial system…..Through BRIDGE and its in-country partners, local banks will be able to leverage their remittance flows….With the leverage from remittances, the local banks will be able to get lower-cost, longer-term financing for investments in infrastructure projects and small businesses.”

The financing structure proposed under BRIDGE is similar to that used by banks in several remittance-receiving countries such as Brazil, Jamaica, Kazakhstan, Mexico, Peru and Turkey, to raise over $15 billion in international financing during the last decade (see previous work on this topic by my colleagues Dilip Ratha and Suhas Ketkar on securitization of future-flow receivables and new paths to funding).
https://www.alipac.us/f9/us-signs-hi...zation-326684/