The Platform for Remittances, Investments and Migrants’ Entrepreneurship in Central Asia (PRIME) Central Asia programme, co-financed by the European Union aims to maximize the developmental impact of remittances by increasing access to remittances through digital methods, promoting digital and financial inclusion, and enhancing migrant returnees’ access to income-generating activities, particularly in rural areas.
By helping maximize the impact of remittances for rural families and returnees, PRIME Central Asia is contributing to fostering local economic opportunities in the migrant workers’ countries of origin.
Programme at a Glance
Amount
EUR 6 million
Duration
over 2024-2027
Beneficiaries
Migrants, their families receiving remittances in Central Asia, returnees, and their communities of origin.
Goals
Enhance the enabling environment for affordable digital remittance markets;
Increase access to formal remittances and expand digital financial inclusion;
Promote sustainable financial and economic integration of remittance families and reintegration of returnees.
PARTNERS
Public sector: Central banks and relevant ministries;
Private Sector: Commercial banks, Remittance Service Providers (MTOs, MNOs, Fintech, Aggregators, etc.);
Civil society: Diaspora organizations, think tanks specialised in financial inclusion, and others.
WHERE
Central Asia, with particular focus on Kazakhstan, Kyrgyz Republic, Tajikistan and Uzbekistan
Latest Highlights
Jan 13, 2024, Kyrgyzstan
Inflow Of Remittances From Migrants To Kyrgyzstan Grows By $19,6 Million
MENAFN.COM
Jan 22, 2024, Kazakhstan
Kazakhstan, Italy join forces to insure financial transactions
interfax.com
Jan 6, 2021, Tajikistan
A Critical Lesson for Tajikistan: The State of Migrant Workers in 2020
The Diplomat
Dec 22, 2023, Uzbekistan
Uzbekistan-bound receive remittances to reach US$16.1bn in 2023 – World Bank
Tashkent Times
The kickoff meetings will unveil IFAD’s ongoing strategy within the target countries, introduce the new PRIME Central Asia programme, deep dive into the dynamics of the national remittances market and foster partnerships for successful implementation.
