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15:46. </div> <div class="content"><p>The <a href="https://web.archive.org/web/20090206200953/http://un.org/esa/ffd/doha/index.htm">UN Conference on Financing for Development (FfD)</a> took place in Doha, Quatar from November 30th through December 2nd. The World Bank, <a href="https://web.archive.org/web/20090206200953/http://un.org/esa/ffd/doha/index.htm">Agence Française de Développement (AFD)</a> and the <a href="https://web.archive.org/web/20090206200953/http://www.gatesfoundation.org/">Bill and Melinda Gates Foundation</a> jointly organized a side event on <a href="https://web.archive.org/web/20090206200953/http://siteresources.worldbank.org/INTPROSPECTS/Resources/334934-1215617363964/FFD_Lessons_financing_dev.pdf">"Lessons for Practitioners: Innovative Financing for Development</a>."</p> <p>The main objective of this session was to discuss how innovative financing mechanisms and instruments can be better tailored to the needs of developing countries and make development finance more effective.</p> </div> <div id="rmore2"> <div class="rmore"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/are-there-new-innovative-financing-mechanisms-in-the-fast-lane" title="Read the rest of this posting." 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</ul></div> </div> <div class="taxonomy"><ul class="links inline"><li class="first taxonomy_term_119"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/category/topics/remittance" rel="tag" title="" class="taxonomy_term_119">Remittance</a></li> <li class="taxonomy_term_120"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/category/topics/diaspora-matters" rel="tag" title="" class="taxonomy_term_120">Diaspora Matters</a></li> <li class="taxonomy_term_122"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/category/themes/capital-markets" rel="tag" title="" class="taxonomy_term_122 active">Capital Markets</a></li> <li class="last taxonomy_term_147"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/category/user-tags/innovative-financing" rel="tag" title="" class="taxonomy_term_147">Innovative Financing</a></li> </ul></div> </div> </div> <div class="node"> <h2 class="title"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/how-remittance-securitizations-can-help-developing-countries-during-a-credit-crisis">How remittance securitizations can help developing countries during a credit crisis</a></h2> <div class="submitted">Submitted by <a href="/web/20090206200953/http://peoplemove.worldbank.org/en/users/sanket" title="View user profile.">Sanket</a> on Wed, 08/27/2008 - 17:14. </div> <div class="content"><p>Despite the current economic climate, a <a href="https://web.archive.org/web/20090206200953/http://www2.standardandpoors.com/spf/pdf/media/ScenarioAnalysis_EmergingMarket_08_05_08.pdf">recent Standard & Poor's research report</a> found that remittance securitization and securitization of other future flow receivables in emerging markets are performing well, bucking the trend in global credit markets.</p> <p>In a <a href="https://web.archive.org/web/20090206200953/http://econ.worldbank.org/external/default/main?pagePK=64165259&piPK=64165421&theSitePK=469372&menuPK=64216926&entityID=000112742_20041122092731">2005 paper by Suhas Ketkar and Dilip Ratha</a>, the authors found the securitization of future remittances and trade, tourism, credit card and other future receivables (together called "Diversified Payment Rights" or DPRs) are a useful tool that can help developing countries maintain access to international capital markets especially in times of crisis.</p> </div> <div id="rmore2"> <div class="rmore"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/how-remittance-securitizations-can-help-developing-countries-during-a-credit-crisis" title="Read the rest of this posting." class="node_read_more">READ MORE >></a></div> </div> <div id="linx"> <div id="linksbox"> <div class="links"><ul class="links inline"><li class="first blog_usernames_blog"><a 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href="/web/20090206200953/http://peoplemove.worldbank.org/en/category/themes/capital-markets/feed" class="feed-icon"><img src="/web/20090206200953im_/http://peoplemove.worldbank.org/misc/feed.png" alt="Syndicate content" title="Syndicate content" width="16" height="16"/></a> </div> </td> <td id="sidebar-right"> <div class="block block-block" id="block-block-5"> <h2 class="title">Welcome</h2> <div class="content"><p><font color="#808080"><font color="#808080"><img class="" height="89" alt="" hspace="5" width="65" align="left" src="/web/20090206200953im_/http://peoplemove.worldbank.org/files/image/dr-small(1).jpg"/>This blog is hosted by</font> <a href="https://web.archive.org/web/20090206200953/http://peoplemove.worldbank.org/users/dilip"><strong><font color="#006699">Dilip Ratha</font></strong></a></font><font color="#808080">, lead economist at the World Bank. Its goal is to leverage migration and remittances for development. <br/> <a href="https://web.archive.org/web/20090206200953/http://peoplemove.worldbank.org/en/content/about"><strong>Learn more ...</strong></a></font></p> </div> </div> <div class="block block-block" id="block-block-7"> <h2 class="title">Related Links</h2> <div class="content"><ul> <li><font color="#993300"><strong>Website: </strong></font><a href="https://web.archive.org/web/20090206200953/http://www.worldbank.org/migration">Migration and Remittances</a> @ The World Bank</li> <li><font color="#993300"><strong>News: </strong></font><a href="https://web.archive.org/web/20090206200953/http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:21996712~pagePK:64257043~piPK:437376~theSitePK:4607,00.html">Remittances May Buoy Developing Countries Caught in Financial Crisis</a></li> </ul> </div> </div> <div class="block block-block" id="block-block-11"> <h2 class="title">Multimedia</h2> <div class="content"><ul> <li><strong><font color="#993300">Podcast (mp3):</font></strong> <a href="https://web.archive.org/web/20090206200953/http://digitalmedia.worldbank.org/podcast/audio/RemittancesPart2.mp3">Remittances Part 2</a></li> <li><font color="#993300"><strong>Podcast (mp3):</strong></font> <a href="https://web.archive.org/web/20090206200953/http://digitalmedia.worldbank.org/podcast/audio/RemittancesPart1.mp3">Remittances Part 1</a></li> </ul> </div> </div> <div class="block block-search" id="block-search-0"> <h2 class="title">Search</h2> <div class="content"><form action="/web/20090206200953/http://peoplemove.worldbank.org/en/category/themes/capital-markets" accept-charset="UTF-8" method="post" id="search-block-form"> <div><div class="container-inline"><div class="form-item"> <input type="text" maxlength="128" name="search_block_form_keys" id="edit-search-block-form-keys" size="15" value="" title="Enter the terms you wish to search for." class="form-text"/> </div> <input type="submit" name="op" 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href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/se-estan-reduciendo">驴Se est谩n reduciendo las ofertas laborales para los inmigrantes a ra铆z de la crisis financiera?</a></div></div> </li><li><div class="view-item view-item-Recent-Posts"><div class="view-field view-data-node-title"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/escaping-from-poor-geography">Helping people escape from poor geography or poor governance - from World Development Report 2009</a></div></div> </li><li><div class="view-item view-item-Recent-Posts"><div class="view-field view-data-node-title"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/brain-drain-and-global-mobility">"Brain drain" and the global mobility of high-skilled talent</a></div></div> </li><li><div class="view-item view-item-Recent-Posts"><div class="view-field view-data-node-title"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/newly-released-data-from-nine-countries">Newly released data from nine countries underscore the resilience of remittances</a></div></div> </li></ul></div></div></div> </div> </div> <div class="block block-views" id="block-views-Recent_Spanish_Posts"> <h2 class="title">Recent Spanish Posts</h2> <div class="content"><div class="view view-Recent-Spanish-Posts"><div class="view-content view-content-Recent-Spanish-Posts"><div class="item-list"><ul><li><div class="view-item view-item-Recent-Spanish-Posts"><div class="view-field view-data-node-title"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/se-estan-reduciendo">驴Se est谩n reduciendo las ofertas laborales para los inmigrantes a ra铆z de la crisis financiera?</a></div></div> </li><li><div class="view-item view-item-Recent-Spanish-Posts"><div class="view-field view-data-node-title"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/espa%C3%B1a-aprueba-plan-de-retorno-de-inmigrantes-0">Espa帽a aprueba plan de retorno de inmigrantes</a></div></div> </li><li><div class="view-item view-item-Recent-Spanish-Posts"><div class="view-field view-data-node-title"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/negociaciones-comerciales">Negociaciones Comerciales entre la UE y la CAN est谩n afectadas debido a la 鈥渄irectiva de retorno"</a></div></div> </li><li><div class="view-item view-item-Recent-Spanish-Posts"><div class="view-field view-data-node-title"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/trabajadores">Trabajadores de construcci贸n latinoamericanos arrestados en Estados Unidos por no contar con permiso de trabajo</a></div></div> </li><li><div class="view-item view-item-Recent-Spanish-Posts"><div class="view-field view-data-node-title"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/ICE-sp">驴Ser谩 que el nuevo programa de la Agencia de Inmigraci贸n y Aduanas de los Estados Unidos dejara a muchos en el aire?</a></div></div> </li></ul></div></div></div> </div> </div> <div class="block block-views" id="block-views-recent_comments_view"> <h2 class="title">Recent comments</h2> <div class="content"><div class="view view-recent-comments-view"><div class="view-content view-content-recent-comments-view"><div class="item-list"><ul><li><div class="view-item view-item-recent-comments-view"><div class="view-field view-data-comments-subject"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/newly-released-data-from-nine-countries#comment-82">Ryan - Good point. What we</a></div><div class="view-field view-data-comments-name"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/users/dilip" title="View user profile.">Dilip</a></div></div> </li><li><div class="view-item view-item-recent-comments-view"><div class="view-field view-data-comments-subject"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/newly-released-data-from-nine-countries#comment-81">Liquidation of Savings</a></div><div class="view-field view-data-comments-name">Ryan Hahn (not verified)</div></div> </li><li><div class="view-item view-item-recent-comments-view"><div class="view-field view-data-comments-subject"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/sri-lankan-migrants-to-be-allowed-to-invest-in-government-securities#comment-79">Diaspora for Development</a></div><div class="view-field view-data-comments-name"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/users/sonia" title="View user profile.">Sonia</a></div></div> </li><li><div class="view-item view-item-recent-comments-view"><div class="view-field view-data-comments-subject"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/brain-drain-and-global-mobility#comment-77">Brain Bank or Brain Train?</a></div><div class="view-field view-data-comments-name"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/users/sonia" title="View user profile.">Sonia</a></div></div> </li><li><div class="view-item view-item-recent-comments-view"><div class="view-field view-data-comments-subject"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/content/brain-drain-and-global-mobility#comment-76">I never quite liked the</a></div><div class="view-field view-data-comments-name"><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/users/dilip" title="View user profile.">Dilip</a></div></div> </li></ul></div></div></div> </div> </div> <div class="block block-month" id="block-month-0"> <h2 class="title">Monthly Archives</h2> <div class="content"><div class="item-list"><ul><li><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/month/2009/02">February 2009 (2)</a></li><li><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/month/2009/01">January 2009 (8)</a></li><li><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/month/2008/12">December 2008 (9)</a></li><li><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/month/2008/11">November 2008 (3)</a></li><li><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/month/2008/10">October 2008 (4)</a></li><li><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/month/2008/09">September 2008 (12)</a></li><li><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/month/2008/08">August 2008 (8)</a></li><li><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/month/2008/07">July 2008 (5)</a></li><li><a href="/web/20090206200953/http://peoplemove.worldbank.org/en/month/2008/06">June 2008 (2)</a></li></ul></div></div> </div> <div class="block block-postsubscribe" id="block-postsubscribe-postsubscribe-block"> <h2 class="title">E-mail Notification</h2> <div class="content"><form action="/web/20090206200953/http://peoplemove.worldbank.org/en/category/themes/capital-markets" accept-charset="UTF-8" method="post" id="postsubscribe-block-form"> <div><div class="form-item"> <label for="edit-mail">E-mail: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="128" name="mail" id="edit-mail" size="20" value="" class="form-text required"/> </div> <div class="form-radios"><div class="form-item"> <label class="option"><input type="radio" name="action" value="subscribe" checked="checked" class="form-radio"/> Subscribe</label> </div> <div class="form-item"> <label class="option"><input type="radio" name="action" value="unsubscribe" class="form-radio"/> Unsubscribe</label> </div> </div><input type="submit" name="op" id="edit-submit-2" value="Submit" class="form-submit"/> <input type="hidden" name="form_id" id="edit-postsubscribe-block-form" value="postsubscribe_block_form"/> </div></form> </div> </div> <div class="block block-block" id="block-block-3"> <h2 class="title"></h2> <div class="content"><p><a href="https://web.archive.org/web/20090206200953/http://feeds.feedburner.com/peoplemove"><img alt="RSS Feed" align="absMiddle" border="0" src="/web/20090206200953im_/http://peoplemove.worldbank.org/files/feed.png"/></a> <a href="/web/20090206200953/http://peoplemove.worldbank.org/rss.xml">RSS Feed</a> | <a align="right" href="/web/20090206200953/http://peoplemove.worldbank.org/content/what-is-rss">What's this?</a></p> </div> </div> </td> </tr> </table> </div> <div id="footer"> <p><br/>© 2009 The World Bank Group. 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