The project is being funded mainly by the Inter-American Development Bank (IDB) that has partnered with the University of the West Indies (UWI) and Caribbean Centre for Money and Finance (CCMF) to make this initiative possible.
These remittances need to be spent in a more useful manner, for example they can be used to start up small businesses, which would provide an income stream in the long term, thereby lengthening the benefits. We are examining ways in which we can set up financial facilities to support a more productive use of these remittances.