About 2 millions of Senegalese rural folks depend on international remittances to support their livelihoods. In 2016, remittances contributed to 13.5% of the GDP. This feasibility study explains the role of remittances in agricultural risk management, the challenges as well as the opportunities to enhance the productive use of remittances for agricultural risk management investments.
Drawing on qualitative and quantitative methodologies, findings from the study suggest that more than 30% of households receive national and international remittances to cope with everyday difficulties. The transfers essentially allow households to maintain their level of consumption and take up investment in response to agricultural shocks. Read this report for more on the findings and recommendations.
MINISTERE DE L’AGRICULTURE ET DE L’EQUIPEMENT RURAL
PARM (2017). Money transfer (remittances) as an instrument for agricultural risk management in Senegal (by RMDA). Rome: PARM/IFAD. Available at: http://p4arm.org/document/money-transfer-remittances-as-an-instrument-for-agricultural-risk-management-in-senegal/