Furthermore, the G20 will provide political support for specific investment agreements between 2/6  BIS central bankers' speeches  African countries and international organisations and – if desired – with developed partner countries. In addition, transfers of money from migrant workers to their home countries are an important source of funds for many countries – not only in Africa.
In several countries, these remittances account for more than one fifth of GDP and significantly contribute to domestic consumption and investment. The aim is therefore to improve the conditions for frictionless and efficient money transfers. Rules against money laundering and the financing of terrorism are important, but they should be applied in a way that does not discourage banks from providing correspondent banking services.