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DIASDEV, a joint project initiated by the French Development Agency and the Caisse des Dépôts from France, Italy, Morocco, Senegal and Tunisia

DIASDEV, a joint project initiated by the French Development Agency and the Caisse des Dépôts from France, Italy, Morocco, Senegal and Tunisia, will be carried out in partnership with public-sector financial institutions in in 2021. DIASDEV aims to increase diasporas’ capacity to mobilize their savings for investing in their countries of origin. To achieve this goal, the project is structured around two pillars: i) Facilitation fund for diasporas’ investments, offering funding for technical and financial assistance to financial operators, banks, post offices ii) Rating and labelling tool: online platform, taking after envoidargent.fr, gathering existing financial services dedicated to diasporas (including crowdfunding, mobile and e-banking, dedicated investment funds etc.). The cost of remittances is a crosscutting issue to the DIASDEV project as it impacts the overall amount of savings as well as the decision of diasporas to resort to informal channels for sending money – which in turn both impact the size of investments