At the same time, both sides’ attention on the establishment of financial infrastructure could ensure the safety and efficiency of financial services. For example, people had various concerns before the launch of personal RMB business, but it worked out smoothly since all relevant parties made sufficient preparations. The practice also proved that. These all indicated a promising trend.
Indeed they have grown exponentially in recent years to surpass some of the major traditional sources. In Sub-Saharan Africa, remittances have become one of the important enablers of economic growth and of poverty reduction. As such, remittances contributed up to 3% of GDP over the last five years and to more than 20% of international flows.